Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 12. (Read 122619 times)

Possible bug.  BNB cross-chain transfers. From BEP20 to BEP2.  Deposits not picked up on the BEP2 side.

There are two Binance chains: 
"Binance Chain" = "BC" = BEP2 = 'bnb' prefixed wallet addresses   (Explorer is explorer.binance.org)
"Binance Smart Chain" = "BSC" = BEP20 = '0x' prefixed wallet addresses   (Explorer is bscscan.com)

For context, TrustWallet includes a DEX front-end for transferring BNB between the two chains.

What I'm finding with Cointracking is that:

BNB transfers from BEP2 (BC) to BEP20 (BSC): Both the Withdrawal from BEP2 and Deposit to BEP20 are picked up correctly by Cointracking.
-- However --
BNB transfers from BEP20 (BSC) to BEP2 (BC): Only the Withdrawal from BEP20 is picked up.  The corresponding Deposit to BEP2 is NOT picked up by Cointracking.

I doubt the issue is specific to Trust or BNB.  It appears that explorer.binance.org correctly surfaces "Crosschain transfer out" transactions, but may be missing "Crosschain transfer in" transaction type.

Is this a known Cointracking issue?  Is there anything Cointracking can do to solve it?

Hi Andreas_CoinTracking

I am having a couple issues with my detailed calculation tax report.

First, my ending share balance and ACB for my USDC tokens on the detailed report excel printout don't match anything else. I am off by the exact amount in the first line of the closing position report below (9577 shares and 12207.63 cost basis). You can see it has a wonky date and no buy/input value. Do you know how I can dig into where this is coming from? There are other tokens that have the same date and buy/input issues but the detailed calculation report isn't out of balance for them so im not sure where to begin.

CoinTracking - Closing Position Report                        
Amount   Currency       Date Acquired   Buy/Input at   Purchase Price in CAD    Year End Price in CAD    Cost Basis in CAD   Year End Value in CAD   Gain/Loss in CAD
9570.510   USDC   1969-12-31                              1.2755473                  1.27057488                 12207.63861             12160.05002                      -47.5885968
103.083938   USDC   2021-12-29   Sol Wallet DSAC   1.27504356                  1.27057488                   131.4365117        130.9758623                     -0.46064943
102.755701   USDC   2021-12-29   Sol Wallet DSAC   1.27504356                  1.27057488                131.0179953       130.5588126                         -0.45918264


Also, often (but not always) when I open the excel file that exports for this report I get the following error: "we found a problem with some content in 'cointracking - detailed report.xlsx Do you want to try to recover as much as we can? If you trust the source of this workbook, click yes."
     When I hit yes it opens and I get this message - "Excel completed file level validation and repair. Some parts of this workbook may have been repaired or discarded.
     Repaired Records: Cell information from /xl/worksheets/sheet1.xml part"
I don't necessarily see any issues with the file after but its hard to know for sure with over 20,000 lines of data so its a little concerning. Have you heard of this issue before and do you know a solution?

Finally, I noticed that the coins in the report are never in the same order twice (i.e. when I create a new tax report). Again I can't see any issues but its hard to confirm everything and its a little odd to me.

Thanks!

Updates and Improvements
API
- New API import: KuCoin Futures
- Bybit and many other exchanges added to Live balance view
- Kraken (KSM staking improved)
- FTX (fee for Market Order transactions improved)

CSV
- New CSV import: Digital Surge, Hodlnaut & Criptan
- OKEX (additional CSV format added)
- Binance (Updates for commission rebate, staking & liquid swaps)
- Trezor (support for new CSV format)
- Nexo (support for new CSV format)
- Kraken (KSM staking improved)
- Ledger (Delegate and Reveal improved)
- BlockFi (support for ACH trades)

Blockchain
- Further blockchains added to Live balance view
- DFI chain via Altcoin importer (only basis transactions, no LP)
- Improvements for AVAX, SOLANA, ETH & POLKADOT

Other
- Several ticker updates for correct assignments and price history
- Tax report updates: updated US tax report, improvements for the flowchart, HMRC and ACB
- New partner benefits: Cryptoquant & Steuerbot

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

Hi Andreas_CoinTracking,

1) uniswap v3 seems to be importing without trade transaction - just withdrawals and deposits - any advice?

2) wen arbitrum?

OK, thanks.

A question for everyone: what have others been doing when they want to switch accounting methods (LIFO --> FIFO in particular) from one year to another on cointracking.info? Do you create a new account with your final positions from your previous account? Do you switch to another platform/website?

@maxheller
We are still working on this. It is not yet possible to change calculation methods over tax years. Thank you for your patience.

Hi Andreas_CoinTracking,

I see that you answered a similar question in April 2021, but hopefully there has been some progress since then...

I have been using cointracking.info since 2018 choosing the LIFO method. Now I would like to switch to FIFO starting this tax year (2021). How do I do that?

Thanks.

Max

@lifeiscrypto
This is not possible yet. Either with trade group or without. We have this on our improvement list. Thank you for your patience.
You could only see the overall development.

Hi guys,

I wondering if the following is currently possible. I explored all the different options and filters and I couldn't find it:

I organize all my records in two possible trade-groups: exchanges and wallets. I would like to see the evolution of my balance in exchanges (using the trade-group "exchanges") over time, ideally in a graph. Is there a way to see a graph of the balance similar to what we see in the Dashboard for "Balance by Day" but filtered by a specific trade-group?

@matblam
Hard to follow what happened here. Where is your NFT (c) trade if you end up this this?
Swaps are trades. And all those transactions should be added as trade if you sell one and buy another coin or NFT.
If you do not want to produce gains or restart of holding period you could use "swap" as trade group within those trades if allowed in your country.
May be somebody else have experience here.

Complicated NFT swap issue:
With a few projects now allowing for swapping out and changing parts of the individual NFT image its getting more and more difficult to account for them. How would you suggest I deal with the following scenario?
Purchase original NFT (a)
Purchase a background image NFT (b)
Swap a background out from NFT (a) for NFT (b).

Im now left with a new NFT(c) being the original background image that came with NFT(a) and NFT(b) is now attached to NFT(a) as a replacement background possibly increasing the value of NFT(a) in the process.

I presume best to ignore the swap all together?

Things are getting harder and harder to deal with in the NFT space as NFT's become more complex

Hello,

How do I have to add yield farming fees, such as the contract approval fee, the deposit fee and the liquidity fee when I create a new transaction?.

And, how can I add the trade transacction itself when I have 3 tokens involved, the two original tokens and the liquidity token?

For example, how do I enter manually these transacctions:

Pool with DOT and BNB

Fee: Approved DOT For Trade
Fee: Add Liquidity Token
Trade: Sell DOT and BNB and Buy DOT-BNB-LP
Fee: Approved DOT-BNB-LP For Trade
Fee: Deposit DOT-BNB-LP (bond to the pool fee)
(for the rewards I assume I must use the Staking transaction type, no problem there)
Fee: Withdrawal of the pool (unbound)
Fee: Remove Liquidity Token
Trade: Sell DOT-BNB-LP and Buy DOT and BNB

Thanks in advance

@YaviZCT
You are welcome.
Yes Binance Staking is supported, even with API V1 and V2.

Hello, now I understand thank you.
One more question, does binance staking work by api?

@YaviZCT
Please make sure all your transactions are added correctly: How to validate my account? (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)
And handling of fees is described here: How fees are handled within CoinTracking (https://cointracking.freshdesk.com/a/solutions/articles/29000039588?lang=en)

https://ibb.co/Mkjbp63

Why do you miscalculate and do not subtract the commissions from my balance?
And in tax report it does not deduct commissions for fifo spain either.


https://ibb.co/L8MmV0F

@stalbeaux
In this case transactions are missing and some APIs have restrictions like Binance or KuCoin. Kraken should be fine. We suggest here to bulk delete all Kraken transactions and re-import again via API.
If some transactions are missing please use the instructions on import pages and the FAQ. You have to search for transactions which are not imported vs. you have in your accounts and add those coin by coin.

Regarding BOTs we haven an FAQ here: "Handling of Bot Trades"https://cointracking.freshdesk.com/a/solutions/articles/29000039417?lang=en

Regarding the SHIB please send us a ticket with the exchange where this appears and if it is only live balance or even the imported ticker as well. Thank you in advance.

Hi Andreas,

New user here, and using Cointracking for a couple months now. Still working to sync up my Balance by Exchange numbers with my Live Balances (which are more or less accurate, more on this below), and experiencing frustration. There are massive negative coin numbers on all of my exchanges (Binance, Kraken, Celcius), and inaccurate when they are smaller discrepancies.

Following a support ticket reply, I have followed the FAQ to validate my account. All of my APIs are functioning properly as far as I can tell. I tracked down deposits and withdrawals that were not provided by APIs (I manually entered a missing deposit, and it is not reflected on my balances page). I also tried the Binance v2 beta csv (which came back with error: no timestamps).

I am trading with bitsgap bots, which makes my number of trades quite high, but even so I cannot seem to locate the discrepancies showing up in my balance pages.

Perhaps this is a very common issue with Cointracking, and I have much to learn on this platform.

Grateful for any assistance or insight. Thank you.


One other issue I've noticed is that on my Live Balances page, SHIBA INU (SHIB) shows up as HIB on cointracking. It has the correct number of coins, but zero USD value. I wonder if this is a typo mistake?

Hi Andreas

I guess you have an lot  of clients starting to stake CRV via crvCVX on Convex Finance. Staking rewards in CRV & CVX.  Is there a specific best way to track / import these staking rewards? Or is it completely manual?  Thanks!

Wen Moonriver?