Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 55. (Read 122902 times)

Hi Guys,
I need some help, I margin traded on Poloniex in 2017 loaning\borrowing BTC to buy LTC,
I'm using CoinTracking to calculate my Tax Report and I want to dismiss all the rows of margin trading\settlements\borrowing that were generated by poloniex
with one single row showing the profit/loss as result of margin trading, but in cryptocurrencies and not FIAT, meaning how much LTC and BTC I have gained or lost as a result.
I tried following this article -  
https://cointracking.freshdesk.com/en/support/solutions/articles/29000018275-margin-trades-profit-determination

But I need to know:
1. How do I calculate my gain/loss in LTC and BTC?
2. What should I do with settlements?
3. What should I do with borrowings?

Thanks in advanced, any help will be highly appreciated.

im having the same issue as the 2 posts above, i had the issue of negative and couldnt figure it out so deleted all my bittrex trades tried to import and says it is successful but nothing actually imports, just tried it again and now it says that there are timestamp errors on all the trades and hey wont be imported?

Looks nice. Will give it a try after getting a lot of errors with Blockfolio.
How many coins does it have in total now?

I am noticing a glitch with your bulk and API import functions. I tried a number of times to import an excel and csv file and the import indicators tell me that it was a successful import. Then when I go to dashboard, the trades recalculate (since I added new ones), but the import has no effect on the balance. In the case of this import, I added substantial amounts of DNotes to my wallet, and those additions are not registering. Then I can't find the transactions which should have imported into my account when I look for them on the "enter coins" tab.

I also have one other coin which through mining consistently produces more coins. The API appears to have imported yesterday and today's recent transactions, but they have no impact on the total amount of coins. It's the exact same both yesterday and today.

Bottom line is that right now the system tells me import was successful, but when I follow up on it, it turns out nothing actually was imported Something's buggy with your import system. Can you please fix it ASAP and let me know when you've done it? I have also put in a support request for this issue.

Thanks!
-wiser

So I got everything imported from the 3 exchanges I use. Bittrex, Kraken, Pol. The issue is that I am 5 BTC negative. I can't figure out why. Is Bittrex not importing my deposits and only importing my trades? Same for Poloniex? Kraken is the only one with the correct BTC balance. The rest are negative. Very confused here. Thanks.

We are using the best available Multi-Blockchain-API to import coins on the Altcoin Wallet Import page.
New coins are added on a weekly basis, but please note that we do not have any influence over the listed coins and we can not add specific coins on request into the Altcoin Wallet Import.
You can request that they add a certain coin by directly contacting them: chainz.cryptoid.info

Unfortunately we are not able to integrate Wallet imports for Cryptocurrencies ourselves, because we would need to implement the whole Blockchain and this is not possible for us.
 
For now, you can enter the transactions either manually on the "Enter Coins" page, with the "Excel Import", or with the "Custom Exchange Import". Both are very flexible and customizable and data can be uploaded in a bulk action.


Our API developer is already working on it.

Please read the following articles:
https://cointracking.freshdesk.com/solution/articles/29000007202-entering-fees/en
https://cointracking.freshdesk.com/solution/articles/29000018276-missing-fees-in-the-tax-report/en

Can anyone explain to me how CoinTracking uses the fee information for the purposes of tax reporting. I have come to learn that the fee data added, either manually or via API, is informational having no impact on the ledger...but it is not clear to me if these fees are being used to adjust cost basis for tax reporting.

Yes i have the same issue,i hope the dev team is going to fix this,is this topic only managed by users helping each others or people from Cointracking are here too?
There is not even a telegram group in English

There has been a recent upgrade to the KuCoin API interface. Here is a link:

https://news.kucoin.com/en/the-announcement-in-regards-to-upgrade-of-api-keys-2/

The KuCoin interface does not seem to be working any more.

I see a red message on my job that reads: " (Error: No access permission.) "

Is anyone else having this issue?

I am also looking for an answer to this.

Thanks.

Habe ich dir bereits im deutschen Thread beantwortet


At the moment, the fee values are not deducted from your gains in the Tax-Report, however they are already part of your cost base calculation (except when a third corrency fee or a fee for deposit/withdrawals).


Please send us a ticket via our HelpDesk (https://cointracking.freshdesk.com) so that we can check your portfolio more closely.

It happens to me that in the dashboard I see the total balance in euros of all my crypto in negative, and the balances of bitcoin and ethereum also in negative. However, when I go to the tab "realized & unrealized gains" in "Reporting" I see correctly more or less the approximate balance of each currency as of 12/31/2017 and the unrealized gains / losses  I would say that they are fine too.So my question is:is it possible that my realized & unrealized gains has been tracked successfully but the BTC/ETH balance in the dashboard shows in negative? Thank you!

Can anyone confirm me that fees are deducted when you generate the Tax Report?

I really guess is not happening this.

Thanks in advance.

Hi,

can someone tell me how to do a wallet import for ETC, please? Seems like I am to stupid to find it.

There is no ETC in the altcoin wallet dropdown, ETH is not working obviously but cointracking "knows" ETC in the Dashboard.

Thanks in advance

Currently it seems everything counts as a trade in the statistics for number of trades. Can you please make it so that only actual trades are counted, not deposits, withdrawals etc?

Might not be the same issue but there's a quite annoying bug where if you try to import a csv file with just one small error in it, the import screen tells you everything is fine and that the data was imported, but no data actually gets saved. I encountered this when constructing my own csv files, if a trade had no buy amount for example no errors or warnings were raised, and the whole import failed silently.

Makes it very hard to debug what's actually wrong with the csv file.

I am having an absolute nightmare for calculate Tax Reports.

Using Cointracking, with the .CSV files you don't get access to margin trades data, so you have to get them with the API, but after import all the data I see that margin trades are not included. I don't know why is happening this. Same thing happeens with deposit and withdrawals.

I don't know if the .CSV files that you can download at Bifinex, margin trades are included, apart of not differentiate between normal trades and normal trades.

Any solution for this?

Thanks in advance.

The only clarification I would make is that I use the CT Excel Upload file, then I copy my data into it. I have two active mining wallets right now - LUX and RVN. I am uploading hundreds of mining transactions in a month. No issues - unless I mistakenly populate the wrong field or mis-spell something. I also have a dozen inactive mining wallets - but those are just holding old positions - so the pricing update is working perfect there. And at Year End, my tax report was fairly easy too.

Also I use the Trade Group field to track PoW and PoS. I also track Funding and Leaching in that field (for all other trades, I leave it blank). Funding is new investment money and leaching is coins sold to US$ and moved back out to my regular savings account. This way when I run the report Balance by Exchange, I change it to by Trade Group and I get a mining update. Very slick, up to the minute return on my mining. The only thing missing is my outlay for the mining equipment.

My income has been good - I mine with 27x1070Ti. It's the coin prices that are down . Since I began last fall, I've made enough to cover all my costs (~12k USD). The mining has gone well, I've been selling 50% of what I've mined. And the other 50% has lost about half its value since mined. Still, all in all, it's been a good investment. And time will tell.

Such is the roller-coaster ride of a Spec-miner.

My first deposit & trade was 29 june 2017.

Have you continued to use this strategy?  How has tracking mining income gone over the past few months?