Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 38. (Read 122619 times)

When will you add support for ftx.com?

We are excited to announce a huge update of our transaction types! New options include margin gains and losses, derivatives & futures, dividends commercial mining income, airdrops, staking, masternodes, several interest types and many more.
API and CSV imports have been adapted to support these new types. They can all be viewed on the Enter Coins page when adding or editing a transaction. Enjoy!

Feature update! CoinTracking now has two new trading tools. One lets you build your own custom charts and the other gives you access to in-depth coin metrics.
Read this for more details: https://news.bitcoin.com/cointracking-launches-two-powerful-free-plug-ins-for-crypto-traders/

Thank you for this feedback and that you are happy with our software service.

Regarding the transaction summary. We do import 1:1 what is provided by the exchange or wallet provider in the CSV or via API. All those transactions does have a unique trade ID assigned by the provider and this is why it is imported separately as every single transactions.
And it depends on the tax laws of your country if summarizing transactions is allowed even if it makes logically sense. You can summarize transactions on your own risk acknowledging that it is manual effort. We suggest to contact a CPA/tax accountant.

You can name your exchange as "paper wallet". And if you are talking about lot/depot separation we will release a new FAQ article soon with the several options you have.
To use the depot separation in your tax report you need to allocate your trades first (https://cointracking.info/trade_allocation.php) where we acknowledge the effort which needs to be taken.   

To check your account individually please reach out to us via our Ticket tool within your account or sending an E-Mail to [email protected]

I mostly love the software. Really, it is quite nice. But the pricing is extreme AS it relates to actual trades made.

For example:

If I place a market order for 1BTC worth of an alt coin, that might be 150 transactions, maybe more, depends on the order book.
If I was to manually import that, it would be 1 transaction, but I would have to summarize the 150 "trades".
Really, it is just 1 transaction, but details that I don't need are imported. Can't the software just summarize this? (Like how the softwares reporting function has the  "group trades by day".)
So, what I have started doing is just summarizing the trade manually, instead of importing the many small trades via the easy .csv import.
If you are a day trader or high frequency trader I imagine it is just way too time consuming.

For tax purposes the price doesn't change. In 99% of cases, I don't need the detail of how that order was filled. If I want that I can just save the original downloaded .csv file.
I feel like going through and summarizing my 150,000 plus trades into what it actually is - about 1200 or so. That would save most of us a lot of money.
And it is a lot easier on the eyes to have a simplified history. When I want the detail, I should have that choice.

The second problems is the complicated nature of the paper wallet solution.
I would like a simplified labelling system for paper wallets precisely. I appreciate the MANY "work arounds" you guys have (labels, pools, etc.), but having a simple paper wallet function would be better.

Appreciated,
IAS

@Convington

We have now fixed our prices, as we had previously linked the packages to the BTC price. This means that depending on the BTC price, some users paid a lot for an upgrade or, if the price was low, they paid very little.

However, since we wanted to make it consistent for all users, we decided to set fixed prices regardless of the market situation of the BTC.

Furthermore, we felt that the jump from a PRO Upgrade with 3500 trades to the UNLIMITED Upgrade with an unlimited number of transactions was too high. For this reason we have introduced the EXPERT package, where you as a user have the possibility to choose 3 additional packages (max 20.000, 50.000 and 100.000 transactions).

Compared to the market, it is also important for us to offer a good price-performance ratio.


And to check your account individually please reach out to us via our Ticket tool within your account or sending an E-Mail to [email protected]

yeah, but it cost me $230-ish when I renewed for 2 years.  Now it is going to cost me $371-ish for 2 years.  And then after that who knows.  Depends upon if I get more active with my trades.  And - I don't even know how many I have this year because I can't import lol.    I was more active than last year, so maybe it will cost me even more.

Seems like it is time to move on even though I love Cointracking.

@Convington
Thank you for using our Software service.

The transaction amount for all levels of subscriptions is always in total and not per year. You can compare all subscription levels - and we have added new EXPERT levels beside PRO and UNLIMITED - and the features here: https://cointracking.info/pro.php
According to your given example with >5000 transactions until now the new Expert Level S with 20000 transaction in total would be sufficient.
If you like to extend your account and it went back to FREE already please follow the steps in this articles regarding the APIs: "What you need to do after subscription renewal" https://cointracking.freshdesk.com/a/solutions/articles/29000027952-what-you-need-to-do-after-subscription-renewal/en

To check your account individually please reach out to us via our Ticket tool within your account or sending an E-Mail to [email protected]

I've been using CT for a while now.  Does it just get more and more expensive depending upon how many transactions you accumulate???  That is what it looks like now that my membership expired.  I would think it would be "Transactions per year", but looks like total transactions if I am reading it correctly?

So, if I have:


2018: 3000 transactions
2019: 2000 transactions

I have less transactions/imports in 2019, but my cost goes up because I have over 3,500 transactions total?  Is that correct?  Trying to figure out if I pay again and I doubt it if it is just going to keep going up and up in price each year even though I am using it the same way and transactions are going down. 

BTW - those are just example numbers, I've been using since 2016 and haven't paid much attention to how much I was spending to keep my subscription up.  According to my email: I last paid for 2 years in 2018 which expired last month.  I paid .382 ETH then, which equates to about $234USD and based upon archive.org. That was approximately the 2-year rate for Unlimited (https://web.archive.org/web/20171228150557/https://cointracking.info/pro.php), 0.029BTC = $239.82 USD. 

But - does that mean I pay based upon the total number of transactions... OR have I been doing it wrong?  Unlimited now is $600 for a single year, which seems excessive to me for only max 3k transactions / year for me.

Anyway... hopefully that explains well what I am asking. 

Dear CoinTracking User. We would like to inform you about the following changes / improvements:

Updates and Improvements

- New Crypto.com CSV import
- New Bitpanda Pro CSV import
- Updates for Coinspot, Binance, Bittrex and IndependentReserve
- Export function for all tables on the "Balance by Currency" page
- Connect your CoinTracking API with Cryptosheets' add-ins to automatically import and sync your CoinTracking data with Excel & Google Sheets. Further information can be found here: "Account -> API"

Dear CoinTracking User. We would like to inform you about the following changes / improvements:

Updates and Improvements

- Binance fix for withdrawals that in some cases were not imported
- Coinbase CSV fix for staking income that in some cases was not imported
- The Coinbase CSV import now also supports "Rewards Income" and "Coinbase Earn"
- New CSV format for OKCoin and Gate.io files
- Fix for the Bitpanda API so that cancelled deposits are not imported
- Support for Krakens KFEE fees and deposits

Dear CoinTracking User. We would like to inform you about the following changes / improvements:

Updates and Improvements

- Support for the new Coinbase CSV format
- Updates to the Coinspot API
- Optimization of the ETH Wallet import
- Acceleration of the Coinbase Pro API import
- Acceleration of the OKEX API import

- At the bottom of the "Coin Charts" page you will now find further analyses for all coins, including UTC trends, as well as opening and closing prices

@GamblerAce

Thank you for being interested in using our software service.

Yes this is possible while choosing a start date within your API job as described in this article:
https://cointracking.freshdesk.com/a/solutions/articles/29000031154-create-and-delete-api-import-job/en
No transaction prior this date will be imported.
But keep in mind your balances and reports are calculated on all of your transactions imported into your account.
So if there are some missing the balances and reports are negative/wrong.
Those FAQs might be useful:
https://cointracking.freshdesk.com/a/solutions/articles/29000018817?lang=en
https://cointracking.freshdesk.com/a/solutions/articles/29000006990?lang=en
 

Hi Guys,

Thinking of signing up for CoinTracking. My question is, can I select to connect via the API to my Binance account, but NOT import all my prior trades and just my current active holdings and trades going forward? Essentially starting over in some ways, but I don't want to import my history, just current and going forward.

Is this possible to do or will it import all past trades regardless?

Thank you.

You could use our importers adding your ETH or BTC or other Altcoin address into your API job. And several/different addresses of course as well.
We are working with purchase pools and calculate them within your whole portfolio as described in this FAQ article: https://cointracking.freshdesk.com/a/solutions/articles/29000031793?lang=en
From there you have several options:
1. Depot separation: To separate them completely is to use depot separation where you need to assign your transactions beforehand here https://cointracking.info/trade_allocation.php before your could enable this option within your tax report advanced settings.
2. Trade Groups (see FAQ https://cointracking.freshdesk.com/a/solutions/articles/29000027248-how-to-create-trade-groups/en): Those could be filtered out on several reports. This article is very helpful here: https://medium.com/@droeder72/my-tool-for-keeping-an-eye-on-performance-tax-with-crypto-ed2e000c762d
3. Different account: Another option would be to separate them into a another (linked) account as described here https://cointracking.freshdesk.com/a/solutions/articles/29000007216?lang=en.

For specific cases you could always reach out to us via our Ticket tool within your account or sending an E-Mail to [email protected]

Does anyone know, for example, if you can use the above "Import Wallet" function (e.g. BTC, ETH) to track a paper wallet as the user above said?

In my case, let's say I have some ETH already bought from 2 months ago. I want to sell them in 10 months. So, if I buy more coins today, can I just import them into another address and have cointracking track that address using the import wallet function, using LIFO accounting, so that I get the tax benefits of holding them one year? (In other words, I don't want the coin software to count my newly bought coins as those sold in 10 months since I'm doing LIFO.)

I imagine once it see's the coins are moved, that I enter them as sold (if need be), so it stops tracking?

Thx in advance,
IAS

Take a look at the Extended Trade List: Reporting -> Trade List -> Change to full view
Here you'll see the trade date AND the date the transaction was added/imported.
This will allow you to check all recently imported transactions.

Regarding your Kraken API.
It should not import any duplicates. Maybe several APIs were active.
Please send us a support ticket and our team will take a look.

If you want to fix it yourself, go to the Enter Coins page and hit the "Bulk Edit/Delete" button.
You can delete for example all your Kraken trades that have been imported within the last x hours or days.
After that, go to the Kraken API page on CoinTracking, click the "edit" button and set the current date in the "start date" box.
This will prevent Kraken from importing any transactions before that date.


Good idea. I will put that on my to-do list
As of now, you can see the date the API was created and the last timestamp of an import and check.
I will try to add additional logs as well.

Thanks and best regards,
Dario

Since late 2019, I have been showing a discrepancy in my Kraken exchange balance.

I believe you noted this as one of your changes/updates in your Dec 20, 2019 CT update: "The Custom Exchange Import can now overwrite wrong date formats"

It's been a long time since I connected CT with Kraken, but it appears that CT is (API) importing duplicate Kraken transactions where the timezone and timestamp appears to be slightly different with the same amount of coin withdrawn/deposited.

Yesterday, I spent a few hours hunting through CT and actual Kraken history to fix the issue.  I ended up finding and deleting duplicate txs .
As of yesterday my Kraken exchange balance was corrrect.

Today, however, these transactions re-appeared with additional discrepancies!!!

One thing that would be really helpful for me to troubleshoot on my own, is if you would let users see/audit which "New transactions have been imported" - not just read a notification about the number of txs and name of exchange frm which they came. I want to see that a five year deposit was re-imported today, if that was actually true.  Save me (and you) time looking for needles in a haystack.

Another thing that would be really helpful for me to troubleshoot on my own, is to see an audit of all of my CT User activity.  So for example if I update an API, I would like to see the timestamp of that activity. Was it the API update that caused this problem?  Also, user activity could mean anything, so clicking on dashboard, generating a report, editing a tx, etc. should show as an event which I should be able audit.

Anything you can do to implement these features would be greatly appreaciated.

Dear CoinTracking User. We would like to inform you about the following changes / improvements:

Updates and Improvements

- New Celsius Network CSV import
- New Bitcoin.de API import
- New Bitfinex margin trade import

- Update of the Uphold CSV import to the new date format
- Update of the Tradeogre CSV import to the new date format
- The Coinbase CSV import now supports EOS
- The Poloniex API now also supports the import of payouts
- The Bitpanda import now also supports palladium and platinum transactions

- New format for the 2020 version of the Form8949 PDF report
- Blank pages can now be skipped in the Form8949 PDF report if needed

Thank you very much for answering my questions, it sounds like I will be signing up soon as it should meet all of my needs.