Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 10. (Read 122619 times)

Yes of course. Withdrawal first, then deposit.

We do not recommend to track FIAT deposits or withdrawals. Either you do that everywhere or nowhere in your account. (https://cointracking.freshdesk.com/a/solutions/articles/29000018265?lang=en)

So, even if say a deposit was at 12:00:00 and the withdraw was at 12:02:00, I would still need to correct it? I ask because I know the amount at the time of withdraw and deposit would be pretty much exact.


My other question is, if I sold a coin to USD and then had that USD profit transferred to my bank account, do I need to show an entry of that? I already have an entry for the withdraw, deposit and trade of the coin to USD.

Thank you

You are welcome @vampyz
They have to be in the correct order especially for depot/lot separation. (https://cointracking.freshdesk.com/a/solutions/articles/29000038566?lang=en)
Withdrawal first, then deposit always or at least at the same time. So it could happen that you need to adjust those manually.

@andreas_cointracking

I see thank you.

If a deposit and withdraw time stamps are off, does that affect the program's calculations? For example, 1 BTC withdrawn 3/5/2022 12:00:00 and then another entry with 1 BTC deposit 3/5/2022 12:15:00



Thanks

@vampyz
We recommend using the default asset value of CoinTracking and keep them untouched. You can check your transactions and click "take over data" of your trades if needed.
See our FAQ "Fiat, coin and commodities price sources, individual exchange price, change Fiat account Currency" (https://cointracking.freshdesk.com/a/solutions/articles/29000007214?lang=en)

 Hello, I had a question about when I fix my trade entries for the buy and sell value in USD. When a coin fatfingers (goes drastically down or up) and comes back to normal price, I was curious how I fix the buy/sell price for that appropriate trade.


For instance, UNI went to $6.001 which I had bought, then quickly went back to normal price at $26.4872. When I go to that trade entry, I assume the "Buy value in USD" I will change to "6.001" and leave the "Sell value in USD". Is this correct?


Also, if the opposite happens (price goes drastically up then back to normal), do I change the "Sell value in USD" to reflect the price I had sold the coin in?



Thank you.

Hopefully this year. We are working on MEXC already. Thank you for your patience.
Once there are news we share them on our new features pages (and then here as well) as always.

When support for Arbitrum?

When support for Moonriver?

When support for MEXC?

@atkins69
Then transactions are missing or wrongly added. Please validate your account as described here: How to validate my account? (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)

Hello,

this is my first time here and I have a question about Cointracking, maybe someone can help me.

When I generate the Tax Report there are some values missing or not entered under the right exchange.

For example I have coins that if I check in "Balance by Exchange" in Cointracking, they are correctly placed in my Ledger Live.

But when I export the Tax Report, in the last page under "Holding summary by incoming exchange", it doesn't insert these coins under the exchange "Ledger Live" but they are placed under other exchanges, (Ledger live is not even mentioned).

If they are placed correctly in "Balance by Exchange" on Cointracking, why do they change in the Tax Report?

Thanks in advance

A.

@pionex
Renaming of a ticker is described here: "Entering / Editing Renamed or Re-branded Coins (e.g. ANS and NEO)" https://cointracking.freshdesk.com/a/solutions/articles/29000018053-entering-editing-renamed-or-re-branded-coins-e-g-ans-and-neo-/en
And custom price set is described here: "Entering ICO Coins and Non Listed Assets" (https://cointracking.freshdesk.com/a/solutions/articles/29000007203-entering-ico-coins-and-non-listed-assets/en)

You can import your own values via csv import: https://cointracking.info/import/import_csv/ (Click on "Custom CSV information" for more information.

Hello Andreas,

Thanks for the reply. I was wondering about this bit and how to accomplish it: "So if mETH and mBTC is already taken please use mETH2 and mBTC2 and set a custom price."

Could you please provide some guidance about how this is done?

Thanks!

@pionex
We can only add coins when they are listed on our price sources like CMC: Fiat, coin and commodities price sources, individual exchange price, change Fiat account Currency (https://cointracking.freshdesk.com/a/solutions/articles/29000007214?lang=en)
So if mETH and mBTC is already taken please use mETH2 and mBTC2 and set a custom price. You have to edit the asset values manually as well similar to NFTs as described here: How to add NFT or IDO transactions(https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en)

Hello, I am having trouble resolving a pricing discrepancy from the Pionex exchange.

I invested and traded in their bots a mini version of BTC and ETH each representing 1/1000th of the current BTC and ETH price. So if Bitcoin is $38,456.48, then mBTC is $38.45648 and if Ethereum is $2,662.06, then mETH is $2.66206. This allows for more granular trading for smaller accounts.

After some assistance with a custom import my trades were entered, but one side of each transaction represented some other version of MBTC (maybe Mirrored Bitcoin) and some version of METH with drastically different values.

I have hundreds of trades in each (thanks to the bots) and I am at a loss for how to fix them.

I did go into my trades list and edit all the mBTC and mETH trades manually by reducing the price by the ratio, but since the reference price was not the actual BTC or ETH price, I still don't think I have an accurate representation of my trades. I moved the decimal point to make the trade amount.

Would it be possible for you to add mBTC and mETH to the available currency list with the above formulation so I can apply the correct pricing to all my trades?

Or is there a more elegant solution? I think my imported spreadsheet had all the pricing accurately represented. Once imported though it seems the system generated one side of the trade value using the aforementioned incorrect MBTC and METH. Is there a way to import using actual values?

Thanks so much!

It is on our long list, but we cannot provide a date here.

Hi,
Do we know when ERC1155 transactions will be included in "ETH Blockchain import"?
I seem to have some come through while others don't and its very sporadic.
Thanks
 

Updates and Improvements

API
- Bybit (support for Spot withdrawals)
- Celsius (loan adjustments + unification for exchange names & comments in CSV and API)
- Binance (new version and tab structure, the legacy API can still be used)
- Bitstamp (adjustment for decimal places and negative amounts)
- GEMINI (support for earn transactions)
- Independent Reserve (support for trades against itself)
- Crypto.com Exchange (support for deposits and withdrawals)

CSV
- Cake Defi (support for withdrawal fees + promotion bonus)
- Binance (separation of Binance US, import for wrong payout duplicates + import of Dust2BNB as trade)
- Binance US (improved quick buy)
- Celsius (support for rewards + swaps)
- Crypto.com App (import for supercharge staking as withdrawal)

Blockchain
- Improvements for BSC, FTM, XLM, TERRA, Solana, Tron (see FAQ "My blockchain transactions are not imported correctly. Why?")

Other
- Several ticker and price history updates
- Tax report (new US tax report, sum losses KAP+SO, flow chart)
- Excel import (plausibility check for wrong entries)

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

@rdnkjdi
Please check this FAQ for warnings which could cause wrong reports: How to validate my account? (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)
And you need to enable depot/lot separation as described here if you have different pools (SOL2 "piles" for trade and staking separately): https://cointracking.freshdesk.com/a/solutions/articles/29000038566?lang=en

Hello again! I am having an issue with my tax bill being much higher than anticipated ( ). I think this may have to do with how sales are accounted for. My actual average buy for Solana is $35ish but on this report it's saying it is $$94.

I am trying to understand how the program is doing it's accounting and how to split my funds into different accounts. I purchased 10,000 Solana that I staked and never moved. With that additional 1,500 Solana I moved around and traded. It feels like the program isn't keeping those accounts separate and ultimately raising the price of my purchased Solana when it should be going off of the 1,500 being traded back and forth (I've tried last in / first out & optimized calculation).

What are some good reports to see the breakdown (I anticipated about 1/2 of the capital gains I am seeing.). Would it help to earmark 10,000 Solana into a "staking" group & the other into a "trading" group - does the program require that?

Edit: Did something to test my theory, I don't think this is the discrepancy I'm looking for. What are the best reports to group profit as I think I'm about 2X what my realized gain should have been?

Edit2: I am finding the "Realized Gain / Loss for all Sales" very helpful. Any other reports you would recommend?

Edit3: I'm still tinkering around - it still seems like there's something fishy going around with my cost basis on Solana. Is there any way to see pools of capital that are being used for first in / first out?