Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 32. (Read 122619 times)

Okay, I emailed them.

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.

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?

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.

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.

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.

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. 

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

Yes, you are right. We are working on it already with high priority.

Looks like a recent Exodus update has "adjusted" their history export format... it no longer works in the wallet import section on CoinTracking.

@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.

@Andreas_CoinTracking

I'm missing some important things for this 2020/2021:

- Polkadot address support
- Kusama address support
- Avalanche address support
- Coinlist exchange support
- Support for zPub HD Bitcoin addresses (Native Segwit addresses use zPub)

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.

Sure, just send us a Ticket/E-Mail and add your CSV there. And we will update the CSV importer. Thank you in advance.

Exodus' "export all transaction" format recently changed, so import now returns lots of errors. Any chance for an update?

You need to add the "total net amount" for the deposit transaction.
That means your deposit transaction should be 0.98 "plus" the 0.01 ETH Fee (instead of 0.99 ETH).
You find all fees listed in the "fee report" (https://cointracking.info/fees.php)

is there a reason balance by exchange seems to not reflect fees on deposit (i.e. like when depositing to Kraken which charges additional fees on deposit for ETH: https://www.reddit.com/r/KrakenSupport/comments/l2u5lo/kraken_eth_deposit/gk8mg6n/?utm_source=reddit&utm_medium=web2x&context=3)?

Repro:

1. make a withdrawal for 1 ETH for exchange A with a fee of .01 ETH (so this should be a total of .99 ETH)
2. make a deposit for .99 ETH for exchange B with a fee of .01 ETH (so this should be a total of .98 ETH)
3. Go to 'balance by exchanges' and search for exchange B
4. See that exchange B shows a balance of .99 ETH instead of .98 ETH, implying the deposit fees (or at least one set of fees) are ignored

Should I be entering this a different way, perhaps the issue is that the 'withdrawal' is taking .01 ETH from my total on exchange A rather than from the withdrawn amount? According to the FAQ (https://cointracking.freshdesk.com/en/support/solutions/articles/29000007202-entering-fees) I am entering the Withdrawal and Deposit correctly so I'm assuming this is a bug where deposit fees are not included. My repro looks like this:

https://imgur.com/a/BJp3ne0

Updates and Improvements

- New revised themes (desktop & mobile): light, dimmed, dark, black
- Import videos for Kraken, Binance and Bitstamp (more video coming soon)
- New advanced tools for Unlimited and Corporate users to group transactions
- In the "Current Balance" all assets smaller than 10 USD can be hidden from now on
- Other fees are now also shown in the report "Trading Fees", furthermore the average fees per transaction are now calculated for all exchanges
- Revenues from staked coins can now be calculated with a short-term of 10 years

- New import: Bitvavo API
- CREX24 CSV updates and support for new Tx-types
- Kraken update (API & CSV) for the new staking format
- Kraken import now supports credit transactions
- Crypto.com API import now supports fees, earn transactions and app wallet withdrawals
- The Ledger Live import now supports fees
- The Bitfinex API import now also supports staking rewards
- The BlockFi import now supports trades, bonus transactions, and ACH deposits
- The Ripple blockchain import now supports fees
- The Hotbit CSV import now also supports fees
- In some cases, the Bitstamp API did not import fees. This has been fixed
- Timezone settings for the Gate.io CSV import as well as fix for aborted transactions
- Cardano Blockchain import update
- Coinbase Pro API import update
- TurboTax Desktop version update to the new format

@randy321
Possibly you set your report to "weekly" in your account settings. Or you E-Mail provider had issues here passing our Mails.

If you have still issues please send us an E-Mail to [email protected] with your username to check your account individually.

Hello,

Email notifications about trades from exchanges arrive almost a week later.  Just got an email from Cointracking about a "new" Bittrex trade that actually happened on Feb 6.  It's useless to have notifications that are so late.  If it's a bug, please fix it ASAP.  I almost thought my Bittrex account was hacked and someone was trading on my behalf.