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Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 64. (Read 122657 times)

member
Activity: 345
Merit: 16
I posted this on Reddit, but doesn't seem like there is a lot of traffic:

CoinTracking (Coinbase API) says Key Invalid.

I've recently purchased Cointracking and I followed the instructions and gave only read access that it needed to the newly created API Key. On the site it says "Key Invalid" next to the API key I've created and entered. I've also deleted it and added it back, as well as creating another API key and adding that with all read access. They all come back as Key Invalid. Is there an issue or something I'm missing? I've added API keys many times before to other configuration files and sites.

Any help would be appreciated.

I just went to CT, I too have an "Unlimited" account, and found that when I went to my Coinbase API it had a red "Key Invalid". BUT, when I hit the "check now" button, it worked, and the Key invalid went away too.
newbie
Activity: 35
Merit: 0
I posted this on Reddit, but doesn't seem like there is a lot of traffic:

CoinTracking (Coinbase API) says Key Invalid.

I've recently purchased Cointracking and I followed the instructions and gave only read access that it needed to the newly created API Key. On the site it says "Key Invalid" next to the API key I've created and entered. I've also deleted it and added it back, as well as creating another API key and adding that with all read access. They all come back as Key Invalid. Is there an issue or something I'm missing? I've added API keys many times before to other configuration files and sites.

Any help would be appreciated.
member
Activity: 345
Merit: 16
are there any links for manual spreadsheets that can do similar to what cointracking does?  The site has so much information and is quite expensive for a small timer after the first 200 entries.

I am currently importing/scrapping quotes from Investing.com into Excel. Inside Excel, I'm using VBA script to call out to the website and bring back the data. It's messy and needs a lot of attention as the data can and does shift around on Investing.com's site. I use it for my day job with EUR/USD and GBP/USD fowards data, but it can be done with other pairs too as Investing.com has a good amount of Crypto data.

I found just about everything I need to do it at Stackoverflow. It's not that complicated, but it's not exactly intro-Excel either.  And even though I could do it myself in Excel, I paid for the the premium membership in Cointracking - sooo, sooo much better.
Good luck
legendary
Activity: 1806
Merit: 1029
I recently shared all the information I have entered into CoinTracking with my accountants and they told me that it is a very good program which tracks the information they need very well. They believe that once we are finished with this year's return as well as amending some previous returns where I should have reported crypto-activity but didn't, filing taxes from here on out should be very easy as far as the cryptocurrency activities go. So I just wanted to give a shoutout. Buying the lifetime unlimited CoinTracking membership a few months ago has turned out to be one of the best investments I've ever made.
newbie
Activity: 1
Merit: 0
I need some help with exporting my trades for tax purposes

Is there any way to export both the trade prices (in fiat) AND the trading fees (in fiat/crypto) in a single Excel sheet?

I can't figure out how to do this but I need the fee information separated.

Thanks!
member
Activity: 78
Merit: 10
Any plans to support the Ledger Nano S - as a wallet import?
newbie
Activity: 13
Merit: 0
are there any links for manual spreadsheets that can do similar to what cointracking does?  The site has so much information and is quite expensive for a small timer after the first 200 entries.
newbie
Activity: 2
Merit: 0
I got the unlimited version of this product to import my 20,000+ Poloniex trades. A mix of exchange/and margin trades. The ending calculations arent even remotely correct and they dont let you import borrowing fees.... so if you did margin trades, this product wont be accurate. I told their support a few weeks ago about the fees causing miscalculations and they said they would pass it along to their developers. Still no update.
sr. member
Activity: 390
Merit: 251
Mamihlapinatapai
Man, I'm a fan of CoinTracking, but it's time they step up their game. I became a Pro member in December when Blockfolio seemed to be their only competitor. As I started doing more and more trades, Blockfolio became unmanageable, so when I learned about CoinTracking and it's advanced analytics features + API support, it seemed exactly what I was looking for. That was only 3 months ago. Since then, many new competitors have sprung up, and they are offering a lot more functionality and productivity for much lower prices. Some of them get new updates every single week. Meanwhile, CoinTracking hasn't had any noticeable updates or new features at all in the last 3 months (just take a look at their 'Updates and New Features' page and you'll see how empty it is). Why are BNB fees still not calculated properly? Why is there no API support for OKEX, the biggest exchange in the world? Why are some imported coins not given the correct ticker automatically (like BCC->BCH and NEB->NEBL on Binance)? Why are minuscule negative balances like -$0.01, which are almost always a result of not properly calculated fees, not automatically recognized as 0, so these weird balances can be hidden on the balance pages? Most of this stuff seems to be very easy automate. I was very enthusiastic about CoinTracking in the beginning, but now I'm using it less and less, because every time I import from an exchange, whether it's through CSV or an API, there are so many errors that I have to identify and solve, that it's actually a lot faster to just type my balances correctly into an Excel sheet with a connection to CMC. So far I'm disappointed in my purchase, but my subscription still has 9 months left, so I hope they come up with some good stuff in the upcoming months.
You mention some competitors in the beginning and finished post with entering data to excel ... so are any viable competitors except excel+cmc? I am very disappointed of cointracking too, but still using it because don't know how to replace it
hero member
Activity: 1151
Merit: 528
I’d like to request the addition of a feature to support the import of ETC wallets similar to what you have with ETH wallets.

The free API at https://api.gastracker.io/v1/addr/{ETC address}/transactions provides for an easy way to get all ETC transactions associated with an ETC wallet address. It is described at http://help.gastracker.io/support/solutions/articles/36000000899-list-of-transactions-api

Alternately, Gastracker also provides a public RPC endpoint compatible with Ethereum Web3. You can use it from https://web3.gastracker.io as described at http://help.gastracker.io/support/solutions/articles/36000000934-public-json-rpc-api

I would also like to see ETC added to cointracking.info.  The Ethereum Classic Blockkchain is a multibillion dollar market cap and has been in operation for nearly 18 months now.  Please add ETC today, (I am an Ultimate member and desparate, actually to complete my taxes).  The poster above has already shared with you good resources to get you started.
Dude their wallet support is non-existent. I would not count on this being added any time soon.
newbie
Activity: 20
Merit: 1
I’d like to request the addition of a feature to support the import of ETC wallets similar to what you have with ETH wallets.

The free API at https://api.gastracker.io/v1/addr/{ETC address}/transactions provides for an easy way to get all ETC transactions associated with an ETC wallet address. It is described at http://help.gastracker.io/support/solutions/articles/36000000899-list-of-transactions-api

Alternately, Gastracker also provides a public RPC endpoint compatible with Ethereum Web3. You can use it from https://web3.gastracker.io as described at http://help.gastracker.io/support/solutions/articles/36000000934-public-json-rpc-api

I would also like to see ETC added to cointracking.info.  The Ethereum Classic Blockkchain is a multibillion dollar market cap and has been in operation for nearly 18 months now.  Please add ETC today, (I am an Ultimate member and desparate, actually to complete my taxes).  The poster above has already shared with you good resources to get you started.
newbie
Activity: 2
Merit: 0
Hi Smiley

Is there a way to correctly enter margin sell trades from Bitfinex?
newbie
Activity: 49
Merit: 0
Please add Bitcoin Private BTCP

I see you have Bitcoin pro for BTCP?  not sure what that is
newbie
Activity: 1
Merit: 0
I've imported and manually checked over 7000 trades on cointracking for 2017. My coin summary is almost exactly correct and shows the balanced and dollar amounts that I would expect, but my realized gains are about 24% higher than what I actually made this year. Since I've only imported trades from 2017 and my coin summary numbers are correct. Why are my realized gains so much higher? Could it be an issue with the cost basis of the coins?

Also, I've noticed that in rare cases, timezones differ so much between exchanges that the imported data can reflect a trade happening on one exchange a full day before the funds were sent from another exchange. Will this negatively impact calculations/reporting at all?

Thanks for any help!
newbie
Activity: 2
Merit: 0
yeah, i think two reports is the answer. thanks!

but there's still the problem of having different tax rates for federal and state. I don't know how to capture that in a single figure.

sr. member
Activity: 714
Merit: 252
Hey Guys - I tried to figure out if there were separate threads for different Cointracking topics, but it seems everything is lumped into one giant thread. Apologies if I missed something.

I'm trying to figure out the tax report, and not sure how to get over the first hurdle. Let's say I'm a California resident, and am in the 33% federal tax bracket.
Federal capital gains is taxed at 33% for short term gains, but the long term rate drops to 25% I believe.
There is no change at the state level - both short and long term gains are taxed at the same level as income tax, so 33%.

Cointracking only allows for one entry for short term, and one for long term.
I'm guessing I'm not the only one in this boat.
How are other people handling this?

Thanks!


I'm confused are you trying to make long holds the same taxable rate as short? if so theres an option in the tax report to disable long.

if not i guess you'd have to do 2 tax reports one with long at 25% the other with long at 33%

I thought it was complicated here in the uk  Undecided
newbie
Activity: 2
Merit: 0
Hey Guys - I tried to figure out if there were separate threads for different Cointracking topics, but it seems everything is lumped into one giant thread. Apologies if I missed something.

I'm trying to figure out the tax report, and not sure how to get over the first hurdle. Let's say I'm a California resident, and am in the 33% federal tax bracket.
Federal capital gains is taxed at 33% for short term gains, but the long term rate drops to 25% I believe.
There is no change at the state level - both short and long term gains are taxed at the same level as income tax, so 33%.

Cointracking only allows for one entry for short term, and one for long term.
I'm guessing I'm not the only one in this boat.
How are other people handling this?

Thanks!


full member
Activity: 220
Merit: 100
Imports and API for gdax and coinbase don't work for shit. Numbers are totally off. This is the #1 exchange and you can't read their imports properly? WTF are you doing?

Then what about this about calculating Like Kind exchanges.

"Currently (mostly in the US), there is the debate around handling Cryptocurrency trades among each other, as Like-Kind-Exchanges.

We are planing to integrate this calculation method for our Tax-Report, in the future.

"

In the future?? Why in the future? Why not right now? I paid a lot of money for this software and you don't even have it finished?

You claim it's in a gray area so you didn't make it an option. BUT then you say you'll add it in the future. GIVE THE USER THE OPTION to make the decision themselves. Don't go playing lawyer. I guess when it comes down to it, your not really playing lawyer, your playing lazy ass programmers that won't get off their ass to program some shit.
hero member
Activity: 1151
Merit: 528
Does CT support connecting to to multiple accounts on a single exchange for the API import?

i.e. if I have multiple accounts on Binance (for example) can I use the API import for both of them?
Yes you can. Binance auto API is broken atm. Has been for months. Have to manually do it.
newbie
Activity: 2
Merit: 0
Does CT support connecting to to multiple accounts on a single exchange for the API import?

i.e. if I have multiple accounts on Binance (for example) can I use the API import for both of them?
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