Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies (Read 122899 times)

This coin is available here: https://cointracking.info/coin_charts.php?cur=SONIC10
You can already search for ContractID on Coin Trends page https://cointracking.info/coin_trends.php
As described here: "How to Identify and Rename the Correct Ticker in CoinTracking" https://cointracking.freshdesk.com/en/support/solutions/articles/29000047919-how-to-identify-the-correct-ticker-in-cointracking

Hey, can you please add the following tokens to Cointracking:

https://www.coingecko.com/en/coins/sonic-svm/

Is there also an option to view the contract address of each mapped token ticker? Because sometimes there are like 9 tokens that have the same ticker and it's hard to verify to select the right one

Thanks in advance.

Updates and Improvements

API
- Bybit (more trades supported)
- Bitfinex (more transactions supported)
- Bitpanda (Leverage Trades improved)
- WooX (Import improved)
- Kraken (new transaction types supported)
- Bitmex (new cash & conversion transaction types supported)
- Gate.io (GT fee improved)
- Coinbase (rewards improved)

CSV
- New Importer: Hyperliquid
- Coinbase (staking, ETH2, rebates and trades improved)
- Bison (staking improved)
- Ledger Live (failed transactions skipped)
- Bitget (new file format supported, Futures PnL improved)
- MEXC (new file format supported)
- KuCoin (Bot Trade file format & Convert market transactions supported)
- Bitpanda (Leverage Trades, deposits and deposit fees improved)
- Pocket Bitcoin (new transaction type supported)
- VeraWallet (more transaction types supported)
- Gate.io (new file format supported)
- BingX (more transaction types supported)
- Binance (Strategy, C2C Transfer transactions supported)
- Pionex (Import improved)
- Exodus (custom exchange name added)
- CoinEx (new Futures file format supported, fees improved)
- Blockchain.com (new DEFI wallet format supported)
- OneTrading (withdrawal fee added)
- Kraken (new transaction types supported)
- OKX (new date format supported)
- Bybit (trades improved)

Blockchain
- Improvements: SUI - more addresses supported and transaction import improved, AVAC-C - Token import improved, Pulsechain - new explorer & pHEX, Trades and Piteas DEX transactions improved, TerraClassic - transaction import improved, Osmosis - transaction import improved (fees, rewards, staking, DEX), EGLD - transaction import improved, BASE - Liquidity Pool transactions and AAVE DefiSaver supported, TRX - spam option added, DOGE - xpub supported (see FAQ "My blockchain transactions are not imported correctly. Why?")

Other
- Several Ticker updates for correct assignments, price histories and logos
- Improvements of tax reports (GE: 20k loss limit to Capital gains deactivated by default, US: Reallocation Report added, AT: ATM Airdrop improved)
- New App versions with several improvements
- Coin Trends page - Search options extended

We appreciate all the feedback we've received and have already sent individual notifications to those who provided it. Thank you for your valuable input!

Source: https://cointracking.info/new_features.php

Not yet, but we have that on our list. Thank you for your patience.

Is it possible to "bulk" mark as spam from the main transactions screen? i would like to highlight multiple transactions and mark them all as spam

If you have warnings/errors on the Validation reports then of course you have issues in other reports.
I cannot tell you more generic things about it without not seeing your account. If needed you can send a ticket/E-Mail to our support address [email protected] mentioning your account name and the details.

Yup, I'm roughly aware of all the ways to validate my account. I have a few tens of thousands of transactions in my account and have invested a lot of time (probably hundreds of hours lfetime) into maintaining a clean database in CT. I only now discovered the forum so looking at this as an opportunity to answer some long-standing questions.

Balance Check: have very minor differences in only a few accounts
Missing transactions: same
Duplicate transactions: none
Vaidate transactions: none
Flow Report: some minor imbalances

I'm a very experienced user and I would love to understand how the different reports relate together, what exactly they filter, and what type of error would cause a delta between which reports.

For example, taking the simple "account balance on a certain day". Would it be possible to give me an example of a mistake that would cause the "realized and unrealized gains" account value and the "closing positions" account value for the same moment in time to diverge? Then I could better look for these mistakes in my database.

Really appreciate it  

All of them are correct (but all have different filters and therefor different purposes), if you added your transactions correctly. Please check first for warnings/errors on the validation check reports: https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en

Please check this article how to find the correct ticker and adjust your transactions then: https://cointracking.freshdesk.com/en/support/solutions/articles/29000047919-how-to-identify-the-correct-ticker-in-cointracking

Thanks! Another question I have:

I am trying to reconcile my balances right now, and the different reports inside Cointracking are giving me slightly different portfolio amounts/values.

I am speaking primarily about
1) the "realized and unrealized gains" page, when I filter time until 31.12.2024 and 23:59:59
2) the "closing positions report" generated as part of my 2024 tax report.

What is the difference in how these two are calculated, and which is "correct"?

Bonus question:
the "balance by day" report will give yet different results, but I have already found it sets the price of some token to zero that shouldn't be. Why is that?

Thanks a lot for the help! 

Yes that is correct. Everything is calculated in BTC regarding custom price in the background. There is nothing you can do about it.

I have a question that I couldn't answer using the FAQ/Documentation.

Example 1: I want to make a custom token with price $1. e.g. an obscure stablecoin or vault that CT doesn't support.
Example 2: I want to make a custom token with price $0.01, e.g. because I bought an ICO where the token is not yet listed anywhere.

Right now, when I do that, the price seems to be initially denominated in BTC. So even if I set currency = USD and price = 1, if BTC goes up 10%, that custom coin will be worth $1.1.


Is that observation correct, and if yes, how do I prevent that?

A transfer need a withdrawal at exchange/wallet A and a separate deposit transaction at exchange/wallet B. See transaction types FAQ: https://cointracking.freshdesk.com/en/support/solutions/articles/29000042783
We match them but show e.g. if one of those transaction of the pair is missing here: https://cointracking.info/missing_transactions.php

I'm a CT user. I noticed that Koinly tries to match transfers between accounts.  Does CT automatically do this (particularly if importing with csv's)?

This is the average number on the gains page.

Please check our FAQ regarding this new IRS procedure - everything is shown there: Navigating IRS Revenue Procedure 2024-28 ("https://cointracking.freshdesk.com/en/support/solutions/articles/29000047958-navigating-irs-revenue-procedure-2024-28")
Those cost base details are included in the Reallocation report.

I see the cost per unit, but it is still just 1 number?

for example if I have 10 ETH it shows cost per unit of $2000

But I need to see the dates with the cost basis of each group how many coins and when I bought like below

3/10/2018 - 3 ETH - $1000
5/5/2020   - 2 ETH - $1500
7/10/2023 - 5 ETH - $2800
=================
                   10 ETH - cost per unit $2000

Yes, this is exactly what depot separation is about.
No, it will not affect previous reports. But you should go through all ValiChecks as shown here: "How to validate my account?" (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)
Here you can find the cost per unit on the gains page - and a depot separation filter is available besides others as well: https://cointracking.info/gains.php

US released new guidance for tax purposes with deadline of Jan 1,2025 
Thanks for your reply!

does cointracking have wallet based tracking as discussed here:
https://support.koinly.io/en/articles/10289123-migrating-to-wallet-based-cost-tracking-under-new-irs-guidance-usa-only

is that the same as depot separation feature?

if we have not used this feature and turn it on, will it affect previous accounting/tax reports?

one last question, what is the easiest way to get all my cost-basis for my current holdings?

Our main source Coinmarketcap had issues - now both coins are there:
https://cointracking.info/coin_charts.php?cur=USUAL
https://cointracking.info/coin_charts.php?cur=USD0

There is a difference. USD0 is a stablecoin on USUAL, check out the links below:

USD0: https://www.coingecko.com/en/coins/usual-usd
USUAL: https://www.coingecko.com/en/coins/usual

It is already there searchable via contract ID: https://cointracking.info/coin_charts.php?cur=USD0