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Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 77. (Read 122619 times)

newbie
Activity: 1
Merit: 0
I am trying to upload an excel form but the balances are way off.  Looking at the sample from the site, I can not determine what I am doing wrong and have tried several variations.  Can you please explain exactly what goes in the BUY and SELL Fields as well as the quantities associated with each.   For example, I assumed if I bought XVG with BTC, then the BUY coin would be XVG and the sell would be BTC.   I tried both ways to be fair, but when I go to my account balance page, the BTC balance for all my transactions is astronomical.   It doesn't seem to be tracking when I buy and sell BTC.
newbie
Activity: 41
Merit: 0
Two questions if anybody can answer them.

1.
The Pro license, I presume the 3,500 transaction is in one tax year because you can wipe the profile and start again?

2.
How is the system for handling UK tax regime, can anyone give me any pointer to their set up, changing the tax year start date is straightforward but what about other stuff that does not seem obvious?

Cheers
newbie
Activity: 31
Merit: 0
I don't see where to enter lost and stolen coins for tax purposes.
newbie
Activity: 1
Merit: 0
Hi,

I am trying to import my coinbase transaction history and I am getting this error.
"Error: We couldn't find a timestamp. This trade will not be imported."

I do not know why as my file does have timestamps. For example:
29/11/2017 23:50

I also tried changing to date format in file:
29/11/2017

Thanks in advance for your help.
newbie
Activity: 21
Merit: 0
I'm struggling to understand the difference between "counterpart prices", "transaction prices" and "best prices" to do my taxes. The discrepancy between these three modes are extreme. If I use the "best prices" option, my UDST gain is close to zero, but if I choose the "counterpart prices", I have a huge negative gain in USDT (equivalent to 1000 real USD). I've only used USDT as a means to buy and sell other cryptos, never holding USDT for more than a couple of minutes. And I haven't done many trades either. So why is the gain calculation so different between the modes?

And what is the real gain I should use for my taxes? My realized gain is 25% lower with "counterpart prices" compared to "best prices"  Huh
member
Activity: 85
Merit: 10

Hi everyone, I'm new here and I looked for an answer to my question in the thread but I didn't find what I was looking for.

I just bought the 1 year subscription and setting the API (Bittrex, Binance and KuCoin) gave me a lot of issues; I started again and now I'm in an acceptable situation (small discrepancies).

The real problem I've is that KuCoin APIs don't work: did anyone here manage to make it work properly? This is what I get when I enter APIs details:




Thanks!

KuCoin's API has full permissions to trade,withdrawl.     Therefore cointracking's site requires you setup the job and then run it manually
only after you provide it the secret key.     

That being said - I tried it and it didn't work.  So you may have to do CSV import on that for now.     
Since this is Cryptoworld you probably should not enter kucoin api keys anyways since they do have full access.

Good luck.
newbie
Activity: 2
Merit: 0

Hi everyone, I'm new here and I looked for an answer to my question in the thread but I didn't find what I was looking for.

I just bought the 1 year subscription and setting the API (Bittrex, Binance and KuCoin) gave me a lot of issues; I started again and now I'm in an acceptable situation (small discrepancies).

The real problem I've is that KuCoin APIs don't work: did anyone here manage to make it work properly? This is what I get when I enter APIs details:


https://ibb.co/gCGDU6

Thanks!
newbie
Activity: 14
Merit: 0
DLT is incorrectly showing as Delta not Agrello.. How to get this info in front of someone that can fix..?
member
Activity: 392
Merit: 10
But for tax purpose is enough the profit report? Or i have also to pay tax for the income report (staking, shared profit, mining...) ?
newbie
Activity: 17
Merit: 0
Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price

They were paying attention. Tether is not real USD and can have a supply and demand issues when BTC takes wild swings on an exchange. It's goal is to be EXACTLY $1 but that never happens. https://coinmarketcap.com/currencies/tether/ Sellers are sometimes forced to trade with a 10-15% hit but they just swap into another coin that also has a 10-15% discrepancy. They balance out as the discrepancy can be across all the coins but then slowly corrects with time. When BTC quickly jumped to almost $20K people tried to convert to USDT but there was a massive shortage on exchanges. They took massive hits and Tether shut down for many hours so you couldn't even cash out.

Holding Tether is very risky. You have to realize you're taking a calculated risk when converting to it. Most likely 100's millions of fraudulent Tethers are being used for margin lending, BTC price manipulation and fake transactions. Someday it will be headline news.


Agree 100% on the Tether...used it once on a small trade until I did some investigation. Tether has got to be the worst executed idea (which is a good one) in Crypto. Their collusion with Bittfinex may cause a crash bigger than Mt Gox X 10 BS.

I was trying to say the USD equivalent next to the BTC amount in the trade fill box was way off, like $2 each off and u could tell from some orders being placed that traders (I use that loosely) were thinking they were getting a deal on the trade which indeed was really $2 higher per coin. I did a conversion when I spotted it and threw a couple K at it and did very very well Wink.
newbie
Activity: 17
Merit: 0
Binance and it's API issues caused my whole CT tracking portfolio to be a screwed up mess of inaccurate balances. Can I just bulk delete all my Binance trades and then let them reload fresh? Should I let the API handle it or would a full reload with a CSV be a better option.

FYI I have a couple thousand trades so manual repair not an option.

For those that do try and manually fix inaccuracies, CAUTION, if you are not very very careful you will do more harm than good IMHO.
newbie
Activity: 2
Merit: 0
Nevermind, just realized what's going on.  When manually importing trades from Binance it imported some coins incorrectly.  TRIG imported as TRI, etc.  Be careful when doing manual imports from Binance.
newbie
Activity: 2
Merit: 0
Today I've noticed CoinTracking is way off in reporting the values of certain coins.

TRIG is reported as $42.47 USD - CoinMarketCap it's at $5.55
WIN at $0.03 USD - CoinMarketCap $1.86

These values are not even close.  Unrealized gain report is showing me 623% gain on TRIG, when in fact I'm at a slight loss.
jr. member
Activity: 55
Merit: 1
I am really hesitant to pay for this service. CSV imports are really inaccurate if they import at all so I want to do the API integration but won't pay 0.012/0.019 BTC for something without knowing it will work. Not getting much confidence reading this thread since I've used several wallets plus Kraken/Coinbase/Binance all recently. This is a ridiculous price to pay if it doesn't work correctly.

I did so much with trades/transfers/etc. before I ever got serious about trying to keep track for taxes so this would be great if everything worked right. They really should prove things work with a trial before getting money out of people which they could easily do by showing you everything without providing essential reports for taxes and locking you out if you decide not to pay. But... again... I don't like the idea of paying so much hoping things will be accurate after they have my money.

Has anyone had good luck with this service or can suggest another that does a good job? I get this is all still kind of new and technical and difficult to track but...
newbie
Activity: 62
Merit: 0
Some of our new features, we have worked on and released the last few weeks. Enjoy Smiley

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!
newbie
Activity: 34
Merit: 0
Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price

They were paying attention. Tether is not real USD and can have a supply and demand issues when BTC takes wild swings on an exchange. It's goal is to be EXACTLY $1 but that never happens. https://coinmarketcap.com/currencies/tether/ Sellers are sometimes forced to trade with a 10-15% hit but they just swap into another coin that also has a 10-15% discrepancy. They balance out as the discrepancy can be across all the coins but then slowly corrects with time. When BTC quickly jumped to almost $20K people tried to convert to USDT but there was a massive shortage on exchanges. They took massive hits and Tether shut down for many hours so you couldn't even cash out.

Holding Tether is very risky. You have to realize you're taking a calculated risk when converting to it. Most likely 100's millions of fraudulent Tethers are being used for margin lending, BTC price manipulation and fake transactions. Someday it will be headline news.
newbie
Activity: 56
Merit: 0
How can i import wallet value XLM and linx?
newbie
Activity: 17
Merit: 0
Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price
newbie
Activity: 17
Merit: 0
Well, now neither of my API's for Bittrex or Binance are working.

Anybody else having these issues?  Huh Huh Huh
member
Activity: 82
Merit: 11
I just realized all you need is:

https://api.crypto-bridge.org/api/v1/ticker


Hi

is there a chance you could work on auto imports from exchanges that run on the bitshares network

like cryptobridge is?

http://docs.bitshares.org/api/

they have this easy accessible api for the open ledger and you can simply import from there

should be a piece of cake for you (or might be even there already and I missed it?)

thanks!


please let me know if you need more than that
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