CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 103.

sgjenks01

member

Activity: 91

Merit: 10

Quote from: allanster on June 22, 2017, 09:14:18 PM

Coinbase has a bug,

It's not a bug per se. It's a shortcoming in their exports. The exports don't specify inside the file which currency is being exported. I think they name the file correctly, but CoinTracking isn't looking at the file name. After you drop the file onto CoinTracking, CT will give you a preview of the import and then you have to push import again to finish. BUT before than last step, there is a pull-down you may not have noticed that lets you select WHICH currency is being imported and the default is BTC (hence the sudden wealth).

What you need to do is click on the pull-down, click the currency this import represents and then click "SAVE". Then finish the import.

It may be simplest to just delete all the imports you have done from wherever and start over.

Steve

allanster

newbie

Activity: 23

Merit: 0

Coinbase has a bug, the two CSV files they sent me for ETH and LTC purchases both indicated Type:BTC, took me a minute to figure this out, I briefly had a WHOLE lot more money in CoinTracking.

I reported bug to them but wouldn't expect this to get addressed any time soon so you may want to add notice on your instructions for Coinbase about this.

allanster

newbie

Activity: 23

Merit: 0

Greetings all, been lurking for 6 years so I guess it's time to get involved.

Dario - I'm evaluating your product and am blown away. I'm just getting into trading and am paralyzed with fear, not of trading, but of the tax man.

---
According to this Forbes article, EVERYTHING you do with crypto has tax implications in the US, so these individual transfers need to be reported as well (don't shoot the messenger):

4. Spending: Spending Bitcoin, whether you’re buying a coffee or a Dell computer, is treated just like selling. You record a short- or long-term capital gain or loss, based on your original cost basis and your holding period. (While this may seem onerous, see “Deciding Which Bitcoin Is Being Disposed Of” below for how to record these details.)

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

@hessenbob, thanks a lot.
Can you please create a ticket here https://cointracking.info/feedback.php and post your ETH address.
It's hard to say without any details.

It could be an internal or an unconfirmed transaction.

Best,
Dario

Bermuda666

member

Activity: 85

Merit: 10

Quote from: hessenbob on June 21, 2017, 07:47:21 PM

Dashboard reported amount does not match amount shown on ethplorer.io.

I've imported my purchases and trades from Bittrex without any issue. I transferred all of my ETH to my Trezor, which has a MEW address. The amount shown in Trezor/MEW matches ethplorer.io, however, the Cointracking database underreports my ETH by about 25%. I have deleted and reimported my trades and MEW address multiple times, but cannot get Cointracking database to match the amount in MEW.

Additionally, when I manually input a trade to reflect the difference, the Cointracking database then overrepresents the ETH amount.

Any suggestions?

Hey @hessenbob,

thanks for submitting your problem.

At the moment I can´t say why this happens, but I´m going to speak to my colleague and we will see what could be the cause of this problem.
Please have patience, we´ll send an answer as soon as possible.

Thank you,
Kind regards,
Keven

Bermuda666

member

Activity: 85

Merit: 10

Quote from: DehiDehi on June 21, 2017, 12:08:30 PM

Hey there,
When I export my trade history from exchange platforms (such as GDAX and Bittrex) and import them into Cointracking, I noticed the trade timestamps change by -2 hours. As a result, my portfolio value is quite inaccurate.
My timezone is correctly configurated in those exchange platforms (UTC+1), but when it comes to Cointracking it changes all the times to UTC -1. My Cointracking account timezone is UTG+1 aswell.

Here are two screenshots featuring a trade I did on Bittrex that illustrates my issue: http://imgur.com/a/o6jku

Can you help?
Cheers

Hi @DehiDehi,

thank you for getting in touch with us.
You are right, we still have some problems with the timestamps.

We are currently working on a solution for this problem and we hope to get it integrated over the next weeks.
Sorry for inconvenience, we do our best to solve this problem as soon as possible.

Thanks for your patience.

Best regards,
Keven

hessenbob

newbie

Activity: 4

Merit: 0

Dashboard reported amount does not match amount shown on ethplorer.io.

I've imported my purchases and trades from Bittrex without any issue. I transferred all of my ETH to my Trezor, which has a MEW address. The amount shown in Trezor/MEW matches ethplorer.io, however, the Cointracking database underreports my ETH by about 25%. I have deleted and reimported my trades and MEW address multiple times, but cannot get Cointracking database to match the amount in MEW.

Additionally, when I manually input a trade to reflect the difference, the Cointracking database then overrepresents the ETH amount.

Any suggestions?

DehiDehi

newbie

Activity: 7

Merit: 0

Hey there,
When I export my trade history from exchange platforms (such as GDAX and Bittrex) and import them into Cointracking, I noticed the trade timestamps change by -2 hours. As a result, my portfolio value is quite inaccurate.
My timezone is correctly configurated in those exchange platforms (UTC+1), but when it comes to Cointracking it changes all the times to UTC -1. My Cointracking account timezone is UTG+1 aswell.

Here are two screenshots featuring a trade I did on Bittrex that illustrates my issue: http://imgur.com/a/o6jku

Can you help?
Cheers

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

@Prodigy4
I have checked your BTC address.
There are 6 transactions and all of them have already been imported into your account.

Dario

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Hey, all transactions are checked every few hours.
What time was the last BTC transaction for your address?

Please let me know via support ticket, so I can have a look if it does not import it within the next 2-3 hours.

Dario

Prodigy4

newbie

Activity: 5

Merit: 0

The import of my BTC wallet transactions worked perfectly but now it doesn't add the future transactions. How can I fix this?

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Thanks,

Yeah, there was already a coins called HERO.
As soon the new coins will be listed here coinmarketcap.com or here cryptocoincharts.info (currently having issues), it will be listed automatically on CoinTracking.
This happens usually 0-3 days after a coins was listed on an exchange.

Dario

sgjenks01

member

Activity: 91

Merit: 10

Hi Guys,

On a different subject, I see that HERO is now listed as a "Dead Coin". It's anything but. Perhaps there was a coin called HERO that "died", but HERO is alive and well and trading on the Bitshaes Exchange.

Here's the latest quote:

HERO : bitUSD
price: 159.83101
volume: 14.97k
change: 3.12%

Can you bring it back from the dead?

Thanks,

Steve

sgjenks01

member

Activity: 91

Merit: 10

Quote from: Dario3000 on June 17, 2017, 04:27:13 PM

Adding minings into that calculation could result in a cost basis of 1200 USD.
The value would still be correct, but I does not tell you the break even of your trades any more, but for a mix of trades and minings.

@Dario,
If only my mining would result in a cost basis of 1200 USD!

But I do see your point. An analogy in stocks might look at mining activity like dividends. If you have a stock that pays dividends, you can evaluate your trading based on the price you paid or you can look at your total investment by reducing the basis by subtracting the dividends. Both points of view are valid and are for two different purposes. I think the explanation you added to the Info popup clearly explains what the button does. I'm just not sure people using the platform will understand the reasons for displaying the results two different ways. But maybe I'm just a little slow sometimes. Huh

Thanks,

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Sorry for the IOTA issues.
Multiple price APIs have changed the ticker and the decimals already 5 times in the last 3 days.
I really hope this was the last time

All IOTA prices are back again.

@sgjenks01:
It's just a recommendation and not a must-use option.
I'm using the gains page myself to see the profit I already did with my trade-sales and the profit I could achieve right now by selling my assets.
Adding your minings into that calculation will always distorts the values as they don't have a cost basis.

Let's say your overall cost basis is 2600 USD per BTC and the current price is 2500 USD.
It tells you to wait for the price to go up by 100 USD to break even.

Adding minings into that calculation could result in a cost basis of 1200 USD.
The value would still be correct, but I does not tell you the break even of your trades any more, but for a mix of trades and minings.

But that's why I have created a checkbox for this option. You can enable and disable it, to check both possible values.

@BitcoinPC:
You can register completely anonymous. You do not even have to enter an email address.
Our tool was designed for your convenience, so you do not have to track thousands of trades by hand in a list.
If you don't like it, use Excel Wink

Have a great weekend,
Dario

Bermuda666

member

Activity: 85

Merit: 10

We are sorry guys,

at the moment there seem to be big problems with IOTA and our price is not correct.

We are currently working on that and we just wanted to let you know.

Please have patience. We hope we are able to fix it as soon as possible.

Thank you.

Beat regards,
Keven

BitcoinPC

hero member

Activity: 812

Merit: 500

It looks interesting but seems that you have the clients collecting all the info themselves. We stopped at the first entry. If I have to get the buy in price, sell price and all of that, then why don't I simply do the last few little steps myself and graph the info. No one is going to give you account access to other accounts, which would be the only real way to get this done, because there is no reason to trust you.

sgjenks01

member

Activity: 91

Merit: 10

Quote from: Dario3000 on June 16, 2017, 11:16:02 AM

I have added a new function into the gains page called "Add Deposits & Withdrawals to remaining amount"
Activating this function will show the same values as in the dashboard.

Disable: Calculates all gains and the costs basis from trades only. (recommended)
The remaining amount of a coin can deviate from the values in the dashboard, because deposits and withdrawals will not be included.

Dario,
Thanks for implementing a solution so quickly.

However, I am curious why you recommend not using this option.

In the case of deposits from mining, shouldn't the basis of those coins be zero and thereby "average down" the cost basis of all those coins which are owned?
Conversely, if a person sells a coin in exchange for goods and services (a withdrawal), wouldn't that result in a gain or loss on the number of coins sold using the current market price of the coin versus the basis for all coins owned at that point in time based?

Please help me understand your recommendation.

Thanks,

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: ebliever on June 16, 2017, 02:40:54 PM

Bitcoin price in cointracking.info has been stuck at $2,503.83 for several hours now.

Thanks. It's updating again.
BitcoinAverage has disabled their old free API without letting users know

ebliever

legendary

Activity: 1708

Merit: 1040

Bitcoin price in cointracking.info has been stuck at $2,503.83 for several hours now.

Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 103. (Read 122902 times)