Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 7. (Read 122389 times)
May 09, 2022, 02:41:23 AM
Did you hit the "update trade pairs" button? It is technically mandatory with Binance API: https://cointracking.freshdesk.com/a/solutions/articles/29000020613?lang=en
May 08, 2022, 07:06:16 AM
Binance API is missing all the time a lot of SPOT trades.
I can fix it importing the CSV, but it's annoying every time the same.
Could you check it out? Thank you.
I can fix it importing the CSV, but it's annoying every time the same.
Could you check it out? Thank you.
May 02, 2022, 03:25:54 AM
@rdnkjdi
Yes you can stop it while adding a start date to your SOL API job as described here: "How to avoid unwanted transactions/re-imports or SCAM tokens via API jobs?" (https://cointracking.freshdesk.com/a/solutions/articles/29000038763?lang=en)
The NFT topic with some hints is shown here: "How to add NFT or IDO transactions or LM/LP Token Values/Prices" (https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en)
Yes you can stop it while adding a start date to your SOL API job as described here: "How to avoid unwanted transactions/re-imports or SCAM tokens via API jobs?" (https://cointracking.freshdesk.com/a/solutions/articles/29000038763?lang=en)
The NFT topic with some hints is shown here: "How to add NFT or IDO transactions or LM/LP Token Values/Prices" (https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en)
May 01, 2022, 08:02:19 PM
I am working on my taxes - and it appears the software is automatically importing my Solana address transactions. Is there a way I can stop this?
In order to get the information correct, I have to pull some of the transactions with the software automatically, and I have to pull other parts (NFT trading, staking etc) from another software and import the CSV information.
It messes me up to automatically import, how do I stop this? I don't want it to import transactions again, it needs to be manual.
In order to get the information correct, I have to pull some of the transactions with the software automatically, and I have to pull other parts (NFT trading, staking etc) from another software and import the CSV information.
It messes me up to automatically import, how do I stop this? I don't want it to import transactions again, it needs to be manual.
April 23, 2022, 03:02:50 AM
You are welcome.
Another idea would be to just add a "spend" transaction of your paid token. And then just add the rewards whenever they occur as "income".
Another idea would be to just add a "spend" transaction of your paid token. And then just add the rewards whenever they occur as "income".
April 22, 2022, 05:18:04 PM
Thanks Andreas.
Issue is I cannot see what the total supply was on purchase date. So i'm stumped
On chain data only shows the purchase of the NFT, not the total $WOOL supply at that time. I can see current supply, but no historical data 
To make it worse they have now grouped all pouches together online when claiming, so I cannot count back from claimed amounts.
Your suggestion makes total sense to me though. Thanks. Will keep looking into it.
Issue is I cannot see what the total supply was on purchase date. So i'm stumped
On chain data only shows the purchase of the NFT, not the total $WOOL supply at that time. I can see current supply, but no historical data To make it worse they have now grouped all pouches together online when claiming, so I cannot count back from claimed amounts.
Your suggestion makes total sense to me though. Thanks. Will keep looking into it.
Hi Mat,
not sure if I get this NFT logic here, but I suggest to add a trade of the full "token A" amount at a virtual "NFT exchange" and then add withdrawal from this exchange over time and always add a corresponding deposit e.g. at your wallet.
not sure if I get this NFT logic here, but I suggest to add a trade of the full "token A" amount at a virtual "NFT exchange" and then add withdrawal from this exchange over time and always add a corresponding deposit e.g. at your wallet.
April 22, 2022, 04:11:57 AM
Hi Mat,
not sure if I get this NFT logic here, but I suggest to add a trade of the full "token A" amount at a virtual "NFT exchange" and then add withdrawal from this exchange over time and always add a corresponding deposit e.g. at your wallet.
not sure if I get this NFT logic here, but I suggest to add a trade of the full "token A" amount at a virtual "NFT exchange" and then add withdrawal from this exchange over time and always add a corresponding deposit e.g. at your wallet.
April 21, 2022, 10:08:37 PM
Hi Andreas,
How would you suggest I handle the following?
I purchase a NFT (code as trade) which contains x amount of "Token A"
The NFT drip feeds "Token A" over a period of 4 years.
I "Claim" the "Token A" from the website from time to time as I see fit.
How do I code the Token A?
It is not staking as the NFT value drops because you are effectively removing value from it each time you remove Token A.
The NFT is effectively a bulk purchase of Token A that you can collect slowly over time.
Many thanks
Mat
How would you suggest I handle the following?
I purchase a NFT (code as trade) which contains x amount of "Token A"
The NFT drip feeds "Token A" over a period of 4 years.
I "Claim" the "Token A" from the website from time to time as I see fit.
How do I code the Token A?
It is not staking as the NFT value drops because you are effectively removing value from it each time you remove Token A.
The NFT is effectively a bulk purchase of Token A that you can collect slowly over time.
Many thanks
Mat
April 06, 2022, 03:36:06 AM
@matblam
Only if your CPA is corporate user. We do not recommend that as described here: https://cointracking.freshdesk.com/a/solutions/articles/29000031305?lang=en
@btadine
You are welcome. Please check the coin trends page (https://cointracking.info/coin_trends.php) for the correct ticker - if those coins are listed on our price sources (https://cointracking.freshdesk.com/a/solutions/articles/29000007214?lang=en). If not please add them manually (https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en). Then proceed in the same way regarding the swap as outlined before.
Only if your CPA is corporate user. We do not recommend that as described here: https://cointracking.freshdesk.com/a/solutions/articles/29000031305?lang=en
@btadine
You are welcome. Please check the coin trends page (https://cointracking.info/coin_trends.php) for the correct ticker - if those coins are listed on our price sources (https://cointracking.freshdesk.com/a/solutions/articles/29000007214?lang=en). If not please add them manually (https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en). Then proceed in the same way regarding the swap as outlined before.
April 06, 2022, 02:05:10 AM
Hey Andreas!
Thanks!!! It worked! That was very helpful.
Now I have the same problem with WAN or ICX since they had ERC 20 tokens before having native chain tokens. I don't see the ERC20 to do the swap, is there a way to add the token TICKER manually? Something else I should try?
Thanks again for your rapid response.
Thanks!!! It worked! That was very helpful.
Now I have the same problem with WAN or ICX since they had ERC 20 tokens before having native chain tokens. I don't see the ERC20 to do the swap, is there a way to add the token TICKER manually? Something else I should try?
Thanks again for your rapid response.
April 05, 2022, 10:59:16 PM
Hi. Is there a way to invite my accountant to view/adjust my cointracking account?
April 05, 2022, 06:16:13 AM
@btadine
Sorry, I have missed that one.
There is an FAQ article available how to enter that swap manually: VEN into VET Swap https://cointracking.freshdesk.com/a/solutions/articles/29000025684?lang=en
You can take the VET income transaction and adjust it into a trade. Please add the trade group "swap" here to have no gain/loss calculation or restart of the holding period.
Sorry, I have missed that one.
There is an FAQ article available how to enter that swap manually: VEN into VET Swap https://cointracking.freshdesk.com/a/solutions/articles/29000025684?lang=en
You can take the VET income transaction and adjust it into a trade. Please add the trade group "swap" here to have no gain/loss calculation or restart of the holding period.
April 05, 2022, 04:36:42 AM
Hi Andreas,
I'm reposting my message since I got no answer from last week.
Hey Andreas,
I'm having an issue with a token swap that is not recognized by Cointracking. I bought some VEN tokens in 2018 which were renamed to VET at some point after. Cointracking is not able to link the buys and the sells for that coin, and the sells are counted as I purchased at 0. Any way to fix this in an easy way?
I guess my only option is to remove the VEN transactions and add them manually as VET?
Thanks.
I'm reposting my message since I got no answer from last week.
Hey Andreas,
I'm having an issue with a token swap that is not recognized by Cointracking. I bought some VEN tokens in 2018 which were renamed to VET at some point after. Cointracking is not able to link the buys and the sells for that coin, and the sells are counted as I purchased at 0. Any way to fix this in an easy way?
I guess my only option is to remove the VEN transactions and add them manually as VET?
Thanks.
April 04, 2022, 10:52:04 AM
Hello ,
Very good option, good launch and seems to be a reliable service
Very good option, good launch and seems to be a reliable service
April 03, 2022, 06:05:59 AM
Updates and Improvements
API
- New API imports: Bitso & MEXC
- Gemini (support for Earn transactions)
- Poloniex (support for Withdrawal Fees)
- Kraken (import Margin Fees as Margin Loss)
- Celsius (support for Reward/Interest transactions)
- BTC Markets (improvement for a large amount of transactions)
- KuCoin Futures (fixed import error message)
- Luno (support for trades)
- OKEX (new passphrase adoption)
CSV
- New CSV import: Voyager
- NEXO (support for the new CSV format)
- Crypto.com (support for the new date format)
- Binance US (fix for fees)
- Iconomi (support for new transaction types)
- Cake Defi (support for Entry&Exit Staking and swaps with a fee)
- Bybit (support for new format with PnL data)
- Kraken (import Margin Fees as Margin Loss)
- BSDEX (support for new format)
- Celsius (support for Reward/Interest transactions)
- Criptan (support for additional transaction types)
- Custom exchange import (support for all transaction types)
Blockchain
- improvements for ETH, AVAX (see FAQ "My blockchain transactions are not imported correctly. Why?")
Other
- Several ticker updates for correct assignments
- tax reports (improved Form 8949 format)
- Flow Chart report (performance improvement for large amount of transactions)
- Balance by Exchange (view per line alignment improved)
Source: https://cointracking.info/new_features.php
API
- New API imports: Bitso & MEXC
- Gemini (support for Earn transactions)
- Poloniex (support for Withdrawal Fees)
- Kraken (import Margin Fees as Margin Loss)
- Celsius (support for Reward/Interest transactions)
- BTC Markets (improvement for a large amount of transactions)
- KuCoin Futures (fixed import error message)
- Luno (support for trades)
- OKEX (new passphrase adoption)
CSV
- New CSV import: Voyager
- NEXO (support for the new CSV format)
- Crypto.com (support for the new date format)
- Binance US (fix for fees)
- Iconomi (support for new transaction types)
- Cake Defi (support for Entry&Exit Staking and swaps with a fee)
- Bybit (support for new format with PnL data)
- Kraken (import Margin Fees as Margin Loss)
- BSDEX (support for new format)
- Celsius (support for Reward/Interest transactions)
- Criptan (support for additional transaction types)
- Custom exchange import (support for all transaction types)
Blockchain
- improvements for ETH, AVAX (see FAQ "My blockchain transactions are not imported correctly. Why?")
Other
- Several ticker updates for correct assignments
- tax reports (improved Form 8949 format)
- Flow Chart report (performance improvement for large amount of transactions)
- Balance by Exchange (view per line alignment improved)
Source: https://cointracking.info/new_features.php
April 03, 2022, 03:52:19 AM
@Chas
Why you want to have cost basis of 0? You rewards have a cost base (asset value) at the time you receive them of course.
Please check this article if you would filter them in some reports e.g. gains page: Why and when an Airdrop or other income transaction is shown with a cost base? (https://cointracking.freshdesk.com/a/solutions/articles/29000018292?lang=en)
Of course setting asset value to 0.00000001 (not zero) would technically work.
Why you want to have cost basis of 0? You rewards have a cost base (asset value) at the time you receive them of course.
Please check this article if you would filter them in some reports e.g. gains page: Why and when an Airdrop or other income transaction is shown with a cost base? (https://cointracking.freshdesk.com/a/solutions/articles/29000018292?lang=en)
Of course setting asset value to 0.00000001 (not zero) would technically work.
April 02, 2022, 10:30:05 AM
Hi Andreas. That method did not work. The staking rewards got carried through with a cost basis from the transaction date, even though i labeled them income. So they did not aquire their true cost basis (zero) to carry forward in the system.
In your guide here, https://cointracking.freshdesk.com/en/support/solutions/articles/29000040107-how-to-track-staking-claiming-yield-farming-minting-
Would it work to assign manually a cost basis of zero to the staking reward (BUY) of .1 CRO. shown in this picuture. Then, in the subsequent withdrawal of 10.1 CRO that zero cost basis of the .1 CRO would be averaged into the new cost basis of the 10.1 CRO?
Thanks
Chas
Thanks Andreas. I will try this and let you know if i run into issues.
In your guide here, https://cointracking.freshdesk.com/en/support/solutions/articles/29000040107-how-to-track-staking-claiming-yield-farming-minting-
Would it work to assign manually a cost basis of zero to the staking reward (BUY) of .1 CRO. shown in this picuture. Then, in the subsequent withdrawal of 10.1 CRO that zero cost basis of the .1 CRO would be averaged into the new cost basis of the 10.1 CRO?
Thanks
Chas
Thanks Andreas. I will try this and let you know if i run into issues.
@Chas
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
April 02, 2022, 08:15:46 AM
Thanks Andreas. I will try this and let you know if i run into issues.
@Chas
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
April 02, 2022, 03:33:09 AM
@Chas
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.
April 01, 2022, 01:09:22 PM
Thanks Andreas, I will try to fix this problem with your suggestions.
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