Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 83. (Read 122619 times)

This is ridiculous! I've been blocked from my account and no response?

I did receive one response from Cointracking facebook page messenger telling me to open a support ticket which of course I cannot do because I cannot access the site. I replied telling them that but have heard nothing in since.

I need access to my info as I'm the process of working on taxes which is why I bought this program to begin with. What a time for this to happen and for Cointracking team to go AWOL here!

I'm all about security measures but when it goes wonky and I can't access my own data there has to be support measures in place. What other recourse do I have other than to complain here?

Im beginning to worry that my data has been compromised. I can't see it but who can?

PLEASE RESPOND

Hello, guys. Struggling with the Binance API.

I'll go in and manually click "Check Now" and then after it says "Checking for new trades" - and I click "Back to your jobs." Nothing happens.
New trades don't come in even though I've made them (and I give it a solid 30 seconds to load before clicking Back to jobs).

Doesn't happen with Bittrex, but with Binance it happens about 20-30% of the time...then I have to wait another hour to be able to check again.

Another question, besides the number of trades allowed, what's the biggest benefit of upgrading from a PRO account to an Unlimited?

Thanks.

Ive been blocked out of my account, when trying to log in I received the following message: 

"You have been BLOCKED because of evil or suspicious bot behavior.
If you are a human, please let us know and we will unlock you immediately."

Well, here I am doing that, please unblock me.

I think this may have occurred while I was using the iPhone app, does this happen sometimes or do I need to be worried about someone attempting hack?

I'm having pretty much the same problem. I'm assuming with the cost basis of $0, it is wildly inflating my tax liabilities. Would love to fix this ASAP.

Hi to the Cointracking team,

This looks like it could be an awesome tool although I'm having issues that unfortunately make it useless at the moment.

I use two exchanges, both of which are supported for importing of trades (yay!)   bx.in.th and bittrex.

I have imported my transactions from both exchanges, with apparently no issues.

However, the resulting balances are completely wrong.

It is showing that I have 0.97 BTC, when I actually have 0.03

It is showing that I have -3013 Burst, when I actually have zero

It is showing that I have -1.73 ETH when I actually have zero

It is showing that I have 0 REP, when I actually have 1.14  (this is maybe because the REP is in Jaxx Wallet)


Can someone please explain why the data is so completely out of whack and what I can do to fix it.

Thanks!

Hi,
New to CoinTracking and seeing how it works.
I purchase and transfer BTC from one exchange (withdrawal) to another (deposit) and the "Cost Basis" ends up ZERO on the target exchange.

Example
- Inject $1000 USD with a deposit from my Chase Bank into Abra
- Trade $1000 USD into BTC in Abra (no fee)
- Withdraw all this BTC from Abra (fee)
- ... and deposit BTC into Bittrex
- Use 20% of this BTC in Bittrex to trade for another coin (e.g. SALT)

When I look at the Tax Report, it shows Capital Gains with zero cost basis - I assume for the Bittrex transaction when I sell the transferred BTC to purchase SALT.

1) What do I need to do in CoinTracking to correct the Cost Basis tax report?

2) How does CoinTracking handle multiple BTC purchases - where the basis is different for different amounts? I assume this would use FIFO, but is there anything I need to do to make that work?

Thanks!
Bob Bogardus

Anyone know how to remove currencies? (non-coin):

Can you please extend the csv and xls import template by a column, so that a row can be skipped?

Cointracking questions:

1. How do you combine multiple transactions?  I'm using the automatic API from Poloniex and trying to group all my Poloniex lending transactions together since there's thousands of tiny trades.

2. How do you import transactions from a Ledger Blue?  I went to "receive" on my ledger and copied the bitcoin address there then plugged that in to my wallet import and created a new job.  However, it's not syncing any data.

3. How do I prevent overlap if I have multiple wallets and have moved the same coin between each wallet in the past?  For instance, I have a BTC balance on ledger and a BTC balance on poloniex.  And want to prevent them both appearing like I have earned twice the coin, when in fact it's the same coin.  Or does cointracking.info do this automatically for me?

4. How do I enter BCH transactions and trades?  I can't seem to find the option.

Hi,
Apologies if this has been asked, but what is the best practice for handling Poloniex margin trades?

When i import margin trades it counts the initiation of my long as a btc sell (of which i don't have).

is it recommended to have multiple accounts where you separate out margin and spot trades?

Secondly, when i sell on Polo and transfer to coinbase to sell for fiat, it can't seem to find a basis for my sell.

Thanks for any help in advance...

English:

A little question about the "CSP-Mode" button:

Is it only about performance or can the wrong choice cause errors?


Deutsch:

Kleine Frage zum Button "CSP-Modus":

Geht es dabei nur um die Performance oder können auch Fehler auftreten, wenn man den falschen Modus verwendet?

Still nothing? November came and went already. "Definitely" is a very strong statement.. don't over promise, over deliver. Bad marketing practice to say that something is 100 % out by a certain time and then not follow through.

Just wanted to say thanks for CoinTracking.  I've gotten my modest portfolio entered, and it's amazing.  Well done guys.

I'm having this same problem. New trades are not being imported, even after a forced reload on the Jobs area.

Is this a problem with Cointracking or BitFinex API?

Best,
cptvk

Hello Dario and the great Cointracking team!

Can I ask if the update to add the Average Cost (AVCO) method of calculating capital gains to the Cointacking site is still on schedule to be available this month and maybe whether you can give an idea of roughly when?

Thanks for a brilliant service in the Cointracking site.

  

Hi
I have looked for service like your for a long time
really happy to find you
I think there is a problem in bitfinex API import
it imports only a few of the trades I think only the deposit and after 5-6 tries
I have tried to change API keys I have tried to do it manually etc every time it import 1-2 orders out of 5-10
and the big problem is after when you import CSV it gives you a warning that asks you to delete all the trades in order for the API import to work and it still don't work  
username is [email protected]

Thank you for a superb service. I really love the overview CoinTracking is giving me.

A minor issue I have is:

- I have QTUM in my portfolio. When I use the Binance trade history file import, this is read as QTU, which is not taken into all calculations, and thus is not contributing to the value of my portfolio. When I manually change from QTU --> QTUM it works as intended.

I should have explained better... by "a taxable Spend" I mean "a tax-impactable spending event CT refers to as a Spend type".   

A service fee is purchased (incurred) with crypto simply to move the larger crypto balance.  Seems to me like the fee part is a tax-impactable event...  a Spend in this case, so FIFO (or other method) capital gain/loss calculation takes place and that result goes to one's capital gain/loss tax reporting.

But then also... what was the Spend (or any Spend) used for?  That is, was it a tax deductable purpose or not?  If I buy a cup of coffee... no (unless it's a business entertainment expense!).  But in this situation, if I am buying a service (=incurring a fee) to move my crypto from the exchange to my preferred secure wallet... I'd say yes, the fee is also a deductible expense.  That fee expense reduces one's current taxable income and would appear as a deduction on tax reporting.

If this seems to end up being correct, I understand it isn't likely a huge priority.  CT is a great help to me... Thank You!  In an ideal world, I suppose one way to take care of this is to have the Withdrawal type address this common fee situation.  It would treat the fee portion only in the same manner as a "Spend".  It would also carry the fee value over to a tax expense report (maybe "Tax Deductible Fee Report"?). 

Or perhaps create another Withdrawal type that works like this so people are not suddenly impacted by this when they don't want to be until they choose to be.

If I'm not mistaken, if your home currency is set to USD then CoinTracking treats euros and all other currencies similar to other investments. Therefore it wants to know when and for how many dollars you bought those euros.

In short, it isn't enough to just transfer euros to an exchange, you have to buy them first and let CoinTracking know that.

If you bought the euros on the same day or if the exchange swapped dollars for euros, you could perhaps, instead of entering them as a "General Deposit (Transfer)"/"Allgemeine Einzahlung (Transfer)", simply declare the euros as "Income"/"Einnahme" to CoinTracking. I believe that CoinTracking then assumes that you bought the euros at that moment for the going euro exchange rate and even inserts that exchange rate automatically.

CoinTracking not only tracks cryptocoin gains and losses, it also tracks currency gains and losses and includes them in your tax calculations.

Note that you have to set your home currency to the one you are taxed in. For example, if you are a German resident then you have to set your home currency to EUR, and all I have written above has to be reversed between EUR and USD.

I don't work for CoinTracking and may be wrong. Don't rely on my hint alone.

It doesn't look like a gain, more like a loss.

Does anybody know more?