Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 31. (Read 122389 times)
March 06, 2021, 07:08:27 PM
Thanks Andreas
March 05, 2021, 06:35:27 AM
Okay, thank you. We are working on Top15 coin direct blockchain import. Once in place, we will announce it on our "new features pages"(https://cointracking.info/new_features.php).
March 05, 2021, 06:31:26 AM
It's a separate chain. They're focusing now on cross-chain DeFi (Curve, Sushi, Cream and some others are now porting). Being EVM compatible the integration of new protocols is usually seamless.
Not sure how the integration of Ethereum/BSC with Cointracking is done, but if it uses Etherscan API, it should be pretty similar (https://ftmscan.com/apis).
Not sure how the integration of Ethereum/BSC with Cointracking is done, but if it uses Etherscan API, it should be pretty similar (https://ftmscan.com/apis).
March 05, 2021, 06:18:59 AM
No, not yet. What is FTM about? Is it related to BSC? A sidechain or a different chain?
March 04, 2021, 05:40:32 PM
We will release the API import for BSC soon - this month for sure. Thank you for your patience here.
Hi Andreas, are you working or have you planned to implement a connection to FTM? It would mean a great deal to have it.
As in the BSC case, FTM has ftmscan.com explorer which is also made by the Etherscan guys, so the API should also have a lot in common.
Thank you!
March 03, 2021, 06:05:25 AM
Yes it increases the cost basis.
You can check the (un)realized gains page as well to see that the cost column gets increased if you enable staking via the filter settings.
You can check the (un)realized gains page as well to see that the cost column gets increased if you enable staking via the filter settings.
March 02, 2021, 08:20:12 PM
Hi!
I am a new customer with Expert license and I have just one single question. I just created a tax report with Cointracking.info.
I am wondering if the transactions in "Income Report" section e.g. "Airdrop", "Interest Income", "Lending Income", "Reward/Bonus", "Staking" is increasing the Cost Basis.
I have done some staking and regarding our tax agency they say it's mandatory to pay 30% tax and increase the cost basis. Is cost basis automatically increased in my account in Cointracking.info when using any transaction type e.g. "Airdrop", "Interest Income", "Lending Income", "Reward/Bonus", "Staking"?
I am a new customer with Expert license and I have just one single question. I just created a tax report with Cointracking.info.
I am wondering if the transactions in "Income Report" section e.g. "Airdrop", "Interest Income", "Lending Income", "Reward/Bonus", "Staking" is increasing the Cost Basis.
I have done some staking and regarding our tax agency they say it's mandatory to pay 30% tax and increase the cost basis. Is cost basis automatically increased in my account in Cointracking.info when using any transaction type e.g. "Airdrop", "Interest Income", "Lending Income", "Reward/Bonus", "Staking"?
March 02, 2021, 05:21:02 AM
We will release the API import for BSC soon - this month for sure. Thank you for your patience here.
March 01, 2021, 03:56:43 PM
I'd like to see support for Binance Smart Chain. This should include swaps, liquidity, etc. All the same stuff that is being done today on Sushiswap, Uniswap, and similar is happening on BSC using things like BurgerSwap, PancakeSwap, etc.
You can start with supporting BSC Blockchain import --> https://www.bscscan.com/ this seems to be identical to etherscan.com, so the api calls may be the same or similar.
You can start with supporting BSC Blockchain import --> https://www.bscscan.com/ this seems to be identical to etherscan.com, so the api calls may be the same or similar.
February 24, 2021, 05:47:42 PM
Possibly used wrong files. Or you have changed the files before somehow.
To check this individually please send a ticket or E-Mail to [email protected] with your account user name and attach the files there.
Okay, I emailed them. To check this individually please send a ticket or E-Mail to [email protected] with your account user name and attach the files there.
February 24, 2021, 05:56:57 AM
Possibly used wrong files. Or you have changed the files before somehow.
To check this individually please send a ticket or E-Mail to [email protected] with your account user name and attach the files there.
To check this individually please send a ticket or E-Mail to [email protected] with your account user name and attach the files there.
February 23, 2021, 01:46:20 PM
This is weird, but I imported transaction CSVs from Binance last night with no problem. This morning, when I try to load deposits and withdraws, the system says that it imported them, but they aren't present in my trades list, and I have forced a recalculation many times. Any idea?
February 23, 2021, 11:59:53 AM
I cannot provide you any release date here, but hopefully this year.
You can change the calculation methods on the gains page as you need them. And you can create you tax reports with different methods according the tax laws of your country and your needs.
You can change the calculation methods on the gains page as you need them. And you can create you tax reports with different methods according the tax laws of your country and your needs.
February 23, 2021, 11:57:08 AM
Just to add here and as written in your inquiry is that we are working on a solution so that switching between some calculation methods would be possible then over the tax years. Thank you for your patience.
What would not be possible is to apply different calculation methods only for some transactions.
Perhaps somebody else could share some experiences here.
What would not be possible is to apply different calculation methods only for some transactions.
Perhaps somebody else could share some experiences here.
Thank you for your response Andreas.
Do you know when that will be released?
Also, how do I set my reporting basis for this year? Meaning I see some of my transactions as disposed of and are under the "Realized Gains" section, but I don't remember any setting when I signed up as to my chose of FIFO, LIFO, HIFO, etc.
Can that be changed and things recalculated? I just started using the Pro subscription a few months ago.
February 23, 2021, 11:35:59 AM
Just to add here and as written in your inquiry is that we are working on a solution so that switching between some calculation methods would be possible then over the tax years. Thank you for your patience.
What would not be possible is to apply different calculation methods only for some transactions.
Perhaps somebody else could share some experiences here.
What would not be possible is to apply different calculation methods only for some transactions.
Perhaps somebody else could share some experiences here.
February 23, 2021, 10:03:54 AM
I'm hoping someone can help me wrap my head around something. I've been going back and forth with support for days and I'm not really getting anywhere.
From what I'm seeing and what they are telling me, you can't change your tax reporting basis on either a year to year or on a per transaction basis. Meaning, if you pick FIFO, you're stuck with FIFO forever.
For example, with stocks I can choose which shares to dispose of on a per transaction basis, or I can pick FIFO in 2020 and then switch to LIFO in 2021.
Support is saying that isn't possible and you're stuck with whatever you pick forever.
If that's the case, this platform is pretty much worthless. It offers no ability to maximize tax loss harvesting.
From what I'm seeing and what they are telling me, you can't change your tax reporting basis on either a year to year or on a per transaction basis. Meaning, if you pick FIFO, you're stuck with FIFO forever.
For example, with stocks I can choose which shares to dispose of on a per transaction basis, or I can pick FIFO in 2020 and then switch to LIFO in 2021.
Support is saying that isn't possible and you're stuck with whatever you pick forever.
If that's the case, this platform is pretty much worthless. It offers no ability to maximize tax loss harvesting.
February 17, 2021, 09:09:50 PM
New paid (expert) user to cointracking. I attempted multiple times to just mass import everything and of course that did not end up going well. i removed everything and now i have 1 exchange added to see if i can better understand the workings of the tracking software. After some reading i decided not to include USD deposits/withdrawls, however im running into an issue.
added 1 exchange
originally i transferred money from my checking account into the exchange which was then used to purchase Ethereum.
the software is showing all my withdrawls of the ethereum to my hardware wallet as missing. I'm assuming this is because it does not see a deposit of ethereum into the exchange wallet. Obviously this was because i used USD to buy the ethereum.
A little hard to explain but i hope someone understand what i'm trying to say here. my guess after some messing around is i have to change the withdrawls to transfers, i just want to make sure this wont mess up anything else.
added 1 exchange
originally i transferred money from my checking account into the exchange which was then used to purchase Ethereum.
the software is showing all my withdrawls of the ethereum to my hardware wallet as missing. I'm assuming this is because it does not see a deposit of ethereum into the exchange wallet. Obviously this was because i used USD to buy the ethereum.
A little hard to explain but i hope someone understand what i'm trying to say here. my guess after some messing around is i have to change the withdrawls to transfers, i just want to make sure this wont mess up anything else.
what i do is:
don't show usd deposits or withdrawals at all
when withdrawing to a hardware wallet, make a deposit for the hardware wallet on the software too. the wallet will appear as the 'exchange' but things will be balanced better. don't forget to include fees: https://cointracking.freshdesk.com/en/support/solutions/articles/29000007202-entering-fees
February 16, 2021, 05:23:21 AM
Yes, you are right. We are working on it already with high priority.
February 15, 2021, 09:35:54 PM
Looks like a recent Exodus update has "adjusted" their history export format... it no longer works in the wallet import section on CoinTracking.
February 15, 2021, 05:24:19 AM
@entertainment
We have all of them on our list, but it would take some time. Thank you for your patience.
@jmd1982
If you have bought ETH you would need to add those transactions as trades. And if you moved them you have to add a withdrawal at the exchange and a deposit in your wallet. Otherwise please send us a ticket/E-Mail to check your account individually.
We have all of them on our list, but it would take some time. Thank you for your patience.
@jmd1982
If you have bought ETH you would need to add those transactions as trades. And if you moved them you have to add a withdrawal at the exchange and a deposit in your wallet. Otherwise please send us a ticket/E-Mail to check your account individually.
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