Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 76. (Read 122619 times)
January 13, 2018, 03:14:12 PM
I'm getting wrong numbers from bitfinex margin import & the BT1/BT2 coinsplit sage - anyone else?
January 13, 2018, 08:28:44 AM
Hello! Faced a problem, the current price of the coin IOTA is displayed in the wrong format.
https://preview.ibb.co/jJxVj6/image.png
January 13, 2018, 02:41:21 AM
I am not sure what is the best way to enter transactions from a miner hosting service (Gigawatt - https://www.giga-watt.com)
The report that Gigawatt generates include, among other types of the transactions, entries for the mining rewards and separate entries for the hosting fees (both in units of the coin mined). The two entries may have different timestamps. Also, multiple hosting fee entries can appear before a mining reward entry is shown; again, each entry with different timestamps. Thus, there is not a one-to-one relationship between mining rewards and hosting fees.
The question is: what approach would you suggest to enter the hosting fees?
I thought about entering the hosting fee in Cointracker as a "[In] Mining" transaction with a negative value; however, I am not sure if this will cause unintended issues.
Appreciate your feedback.
The report that Gigawatt generates include, among other types of the transactions, entries for the mining rewards and separate entries for the hosting fees (both in units of the coin mined). The two entries may have different timestamps. Also, multiple hosting fee entries can appear before a mining reward entry is shown; again, each entry with different timestamps. Thus, there is not a one-to-one relationship between mining rewards and hosting fees.
The question is: what approach would you suggest to enter the hosting fees?
I thought about entering the hosting fee in Cointracker as a "[In] Mining" transaction with a negative value; however, I am not sure if this will cause unintended issues.
Appreciate your feedback.
January 12, 2018, 06:13:06 PM
It would be appreciated if the Cointracking.info could pull the market price of BIS from CoinMarketCap.com rather than WorldCoinindex or wherever it is pulling it from. Its over 20% low.... All the time.
Its only listed on Cryptopia so we shouldn't see massive differences outside of sync delays.
BIS 0.00048199 on Cointracking.info and WorldCoinIndex
BIS 0.00062395 on Cryptopia
BIS 0.00062299 on CoinMarketCap
Other than that.... Cointracking.info does the job.
EDIT: Sent an query to CoinWorldIndex about their BIS market price and within 20 minutes it shot up in sync with Cryptopia. And so did my portfolio. We'll see if it sticks.
Its only listed on Cryptopia so we shouldn't see massive differences outside of sync delays.
BIS 0.00048199 on Cointracking.info and WorldCoinIndex
BIS 0.00062395 on Cryptopia
BIS 0.00062299 on CoinMarketCap
Other than that.... Cointracking.info does the job.
EDIT: Sent an query to CoinWorldIndex about their BIS market price and within 20 minutes it shot up in sync with Cryptopia. And so did my portfolio. We'll see if it sticks.
January 12, 2018, 05:21:49 PM
Hi
I noted that when cointracking shows my unrealized P&L gains in Bitcoin at 0.65.. but if I switch to EUR it becomes around EUR 5000... how is that possible? Why this difference?
I noted that when cointracking shows my unrealized P&L gains in Bitcoin at 0.65.. but if I switch to EUR it becomes around EUR 5000... how is that possible? Why this difference?
January 12, 2018, 03:45:46 PM
Is it possible to get a demo of the pro product? I want to test the API's etc. and make sure i like the product before I purchase it.
I know I can test using the free account however i don't want to take the time to manually do things only to redo them later with the API if/when i buy it.
I know I can test using the free account however i don't want to take the time to manually do things only to redo them later with the API if/when i buy it.
January 12, 2018, 01:10:53 PM
How do I import my yobit transaction I have over 7000 transactions and I am having trouble going page by page copy and paste each page into excel because when I get to some page and it said "No Records" I have to go back from the beginning I have over 500 pages and seems impossible job.
I've tried with an API in coin tracking and I am getting nothing no transactions at all
any suggestions
I've tried with an API in coin tracking and I am getting nothing no transactions at all
any suggestions
January 12, 2018, 03:07:41 AM
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January 12, 2018, 12:56:59 AM
Is there any way to auto import Ark wallets without having to do manually? It seems that the supported wallets are all old stuff.
January 11, 2018, 04:55:29 PM
Some of our new features, we have worked on and released the last few weeks. Enjoy 
New Imports:
- Bitfinex (supports now Orders and Margin Trades)
New Imports:
- Bitfinex (supports now Orders and Margin Trades)
Hi Dario,
Thanks for making this website. I purchased a 1 year license the other day to help me do my taxes for 2017. I have been margin trading on bitfinex this year, and when I import my bitfinex trades, I get a wildely inaccurate balance of my current coin holdings. This makes me think that something is wrong with the bitfinex import and margin trades.
Dont you also need to import the wallet reports from bitfinex to match all the margin fees that are taken out daily? I think this is counted separately from the trade fee column in the trade report.
I'm really hoping we can get this sorted out because I have a massive headache on my hands right now. I cant seem to find a service that works for importing bitfinex margin trade data.
I sent an email to your support but thought Id post here as well...
Thanks in advance!
Yeah, I got the same issues with Bitfinex margin trades. Did you get a reply from support?
I actually got a reply from their support today. Took around 3 days to hear back, but it said to expect that kind of wait time right on their website for this type of question due to overloading.
But good news, apparently last night they added the ability to import everything from bitfinex through the API, including margin trades and what cointracking is calling profits/losses (credit payments)!! Not 100% sure what that means... but it looks like they are now trying to support all the data on bitfinex instead of just exchange data.
Now, I've tried the import with the API and it doesnt seem to be importing anything right now. Imports are at 0. I tried importing twice now and it still reads Imports: 0 in the bitfinex job item on their website. I have on the order of tens of thousands of trades from my trading bot, so I am going to let this 2nd import sit for a while because maybe they are just slow to process it all.
If I dont see any results come through in a few hours, Ill shoot an email back to the support team to let them know it doesnt seem to be working for me. Hopefully they can get this sorted out, because if they actually were able to cook this up, it will be a true life saver for me and my accounting.
January 11, 2018, 02:54:28 PM
Hi,
First of all, loving the software, it has been a major source of relief in helping me to track my portfolio.
I tried searching through the forum to see if my question has been answered but I was unable to find anything. As a UK citizen I want to ensure my trades and balances are stated in GBP. I sold some coins for EUR however I don't feel the EUR is being converted into GBP correctly. For example on 07/01/2018 I can see a EUR/GBP rate of 0.90089720 for one of my sales. In GBP/EUR terms this is 1.11. Every source I have looked at provides a rate of around 1.1279/1.1277. This is quite a big difference especially when big sums are involved.
Can you let me know what source is used to generate the FX rates in Cointracking, and if there is any plan on getting the FX rate more in line?
Also is there any planned work to get the software fit for the UK tax regime? I've done a bit of reading up on it and it seems a bit more complicated then using LIFO/FIFO/AVCO etc. There is a concept of a S.104 pool.
Thanks
First of all, loving the software, it has been a major source of relief in helping me to track my portfolio.
I tried searching through the forum to see if my question has been answered but I was unable to find anything. As a UK citizen I want to ensure my trades and balances are stated in GBP. I sold some coins for EUR however I don't feel the EUR is being converted into GBP correctly. For example on 07/01/2018 I can see a EUR/GBP rate of 0.90089720 for one of my sales. In GBP/EUR terms this is 1.11. Every source I have looked at provides a rate of around 1.1279/1.1277. This is quite a big difference especially when big sums are involved.
Can you let me know what source is used to generate the FX rates in Cointracking, and if there is any plan on getting the FX rate more in line?
Also is there any planned work to get the software fit for the UK tax regime? I've done a bit of reading up on it and it seems a bit more complicated then using LIFO/FIFO/AVCO etc. There is a concept of a S.104 pool.
Thanks
January 11, 2018, 09:18:59 AM
Some of our new features, we have worked on and released the last few weeks. Enjoy
New Imports:
- Bitfinex (supports now Orders and Margin Trades)
New Imports:
- Bitfinex (supports now Orders and Margin Trades)
Hi Dario,
Thanks for making this website. I purchased a 1 year license the other day to help me do my taxes for 2017. I have been margin trading on bitfinex this year, and when I import my bitfinex trades, I get a wildely inaccurate balance of my current coin holdings. This makes me think that something is wrong with the bitfinex import and margin trades.
Dont you also need to import the wallet reports from bitfinex to match all the margin fees that are taken out daily? I think this is counted separately from the trade fee column in the trade report.
I'm really hoping we can get this sorted out because I have a massive headache on my hands right now. I cant seem to find a service that works for importing bitfinex margin trade data.
I sent an email to your support but thought Id post here as well...
Thanks in advance!
Yeah, I got the same issues with Bitfinex margin trades. Did you get a reply from support?
January 10, 2018, 09:45:21 PM
Is there an app out there to use for tax purposes? Or only the website. Also, for binance and bitfinex is the only way to go back more than 3 months to manually import each transaction? Or is there a better way?
Thanks for any info
Thanks for any info
January 10, 2018, 09:22:34 PM
Is there a way to see market cap of the coins we hold (ie our portfolio on CoinTracking)? I mean an easy way, instead of looking them up one by one.
January 10, 2018, 07:18:32 PM
I bought an unlimited subscription, and then discovered that one of the coins I'm holding is not supported in your wallet import. At the bottom it says:
"We are using a Multi-Blockchain-API to import coins on the Altcoin Wallet Import page.
New coins will be added weekly, but please note, that we do not have any influence on the listed coins and we can not add specific coins on request into the Altcoin Wallet Import."
Can you tell me who does maintain the API, and how a coin can be requested? Your service would be much more useful if I could import my wallet addresses.
"We are using a Multi-Blockchain-API to import coins on the Altcoin Wallet Import page.
New coins will be added weekly, but please note, that we do not have any influence on the listed coins and we can not add specific coins on request into the Altcoin Wallet Import."
Can you tell me who does maintain the API, and how a coin can be requested? Your service would be much more useful if I could import my wallet addresses.
January 10, 2018, 06:59:46 PM
Will you add support for Bibox API?
January 10, 2018, 01:49:37 PM
Finally got my CT Binance portfolio mostly straightened out.
I did a 100% trade bulk delete and set the API with my 48 trading pairs (a hassle for sure) and let the API reload.
Caution! Binance only holds 3 months of your prior trades so if you have older trades, DONT DELETE THEM.
This problem ended up being 99% a Binance side issue.
Back to loving my CT program
I did a 100% trade bulk delete and set the API with my 48 trading pairs (a hassle for sure) and let the API reload.
Caution! Binance only holds 3 months of your prior trades so if you have older trades, DONT DELETE THEM.
This problem ended up being 99% a Binance side issue.
Back to loving my CT program
January 10, 2018, 01:28:38 PM
Hello,
I could not find an answer to this anywhere, so perhaps there is someone else who has explored it.
I want to track sells by lot for tax purposes, in other words, not just FIFO or LIFO, but I want to specify which buy batch/group/lot is going into a sell. I control the process by emptying my Coinbase wallet into my Coinbase vault, buying crypto, and then selling/moving out the coins I just bought from the wallet. (This avoids having to declare profits on coins I just bought).
Does anyone know of a way to do that with Cointracking or have a workaround? I see that it is possible to specify the purchase price, but if I take that route I lose the internal tracking that Cointracking does.
Thanks.
I could not find an answer to this anywhere, so perhaps there is someone else who has explored it.
I want to track sells by lot for tax purposes, in other words, not just FIFO or LIFO, but I want to specify which buy batch/group/lot is going into a sell. I control the process by emptying my Coinbase wallet into my Coinbase vault, buying crypto, and then selling/moving out the coins I just bought from the wallet. (This avoids having to declare profits on coins I just bought).
Does anyone know of a way to do that with Cointracking or have a workaround? I see that it is possible to specify the purchase price, but if I take that route I lose the internal tracking that Cointracking does.
Thanks.
January 10, 2018, 07:25:26 AM
Hi All,
Loving the tracker.
I am slightly confused as what to do with Fiat (especially with regard to taxes report).
I mostly bought my initial coins on Coinbase and LocalBitcoins, but also did some SEPA transfers. If I were to enter these in manual, how should I do it?
For example, in coinbase my purchase of ETH using a card was created as a trade (which results in minus GBP on my account).
My SEPA trade however, counts as a deposit (So is not minus).
Should I be allowing the minus values, because it is "spend" from my own funds or should I leave it as a deposit. Similar question for when I sold. I sold it for GBP into my own bank account, should this count as + GBP onto my balances or should it just be as if I had withdrawn it?
Hope my question makes sense.
In short: Should I be putting fiat deposits into my accounts from my bank account as deposits, or as trades (so should the fiat count as plus or minus). Should I be putting the fiat withdrawals into my own bank account as withdrawals or as spends (again, should it just remove it from my account, or should it count as minus).
Thank you!
Loving the tracker
.I am slightly confused as what to do with Fiat (especially with regard to taxes report).
I mostly bought my initial coins on Coinbase and LocalBitcoins, but also did some SEPA transfers. If I were to enter these in manual, how should I do it?
For example, in coinbase my purchase of ETH using a card was created as a trade (which results in minus GBP on my account).
My SEPA trade however, counts as a deposit (So is not minus).
Should I be allowing the minus values, because it is "spend" from my own funds or should I leave it as a deposit. Similar question for when I sold. I sold it for GBP into my own bank account, should this count as + GBP onto my balances or should it just be as if I had withdrawn it?
Hope my question makes sense.
In short: Should I be putting fiat deposits into my accounts from my bank account as deposits, or as trades (so should the fiat count as plus or minus). Should I be putting the fiat withdrawals into my own bank account as withdrawals or as spends (again, should it just remove it from my account, or should it count as minus).
Thank you!
January 10, 2018, 12:03:39 AM
Someone has prob had this answered already. Sorry if this is a double post.
I'm getting my ETH double counted some how. All the other coins are correct. I'm wondering if its due to ICO transfers? I've checked under the Reporting pulldown, Double-Entry list and cant seem to figure it out. I'm probably overlooking something obvious.
Ryan
I'm getting my ETH double counted some how. All the other coins are correct. I'm wondering if its due to ICO transfers? I've checked under the Reporting pulldown, Double-Entry list and cant seem to figure it out. I'm probably overlooking something obvious.
Ryan
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