CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 94.

Dario3000

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CoinTracking - Crypto Portfolio & Tax Management

Sure. I will try to add it soon

Best,
Dario

realrover

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Quote from: Dario3000 on August 23, 2017, 07:18:18 PM

Quote from: realrover on August 23, 2017, 03:02:10 PM

Hi Dario, do you plan to add alerts feature? Or did I miss it somewhere in UI?

I already had this feature a few years ago, but I have disabled it again since many coin (especially the small ones) have an extreme price change in a short time and it has sent too many mails

But I will try to add a price alert within the website and app soon.
Best, Dario

Oh don't send emails, just put some indicator (like red/green background) in some report, so it will be clear when to make a trade. Maybe in Current Balance or (Un)realized Gains. This way I'll analyze chart once in a week, set alerts for all coins and then just check report for indicators. That would be awesome.

Dario3000

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CoinTracking - Crypto Portfolio & Tax Management

Quote from: realrover on August 23, 2017, 03:02:10 PM

Hi Dario, do you plan to add alerts feature? Or did I miss it somewhere in UI?

I already had this feature a few years ago, but I have disabled it again since many coin (especially the small ones) have an extreme price change in a short time and it has sent too many mails

But I will try to add a price alert within the website and app soon.
Best, Dario

realrover

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Activity: 196

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Hi Dario, do you plan to add alerts feature? Or did I miss it somewhere in UI?

smartinuf

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Quote from: Dario3000 on August 23, 2017, 02:14:14 PM

Quote from: smartinuf on August 23, 2017, 01:44:42 PM

Hi, today my Blockcat coins are showing up as Catcoin. I had previously entered them as CAT2 and all was working fine. All of a sudden today they show as Catcoin with associated prices. Tried editing transactions but no avail. Any ideas?

Thanks, Stephen

Sorry, seems like there was a problem with the duplicate "CAT" ticker.
It's fixed now.
CAT = Catcoin
CAT2 = Blockcat

Wow, that was quick, thanks!

Stephen

Dario3000

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Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: smartinuf on August 23, 2017, 01:44:42 PM

Hi, today my Blockcat coins are showing up as Catcoin. I had previously entered them as CAT2 and all was working fine. All of a sudden today they show as Catcoin with associated prices. Tried editing transactions but no avail. Any ideas?

Thanks, Stephen

Sorry, seems like there was a problem with the duplicate "CAT" ticker.
It's fixed now.
CAT = Catcoin
CAT2 = Blockcat

smartinuf

newbie

Activity: 10

Merit: 0

Hi, today my Blockcat coins are showing up as Catcoin. I had previously entered them as CAT2 and all was working fine. All of a sudden today they show as Catcoin with associated prices. Tried editing transactions but no avail. Any ideas?

Thanks, Stephen

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: ipxtreme on August 22, 2017, 10:20:04 PM

Does your company report USA users financial info yearly to the IRS?

You mean if we report your data automatically to the IRS?
No, we do not send any user data to the IRS or any other tax authority.
We do not even know your name or address and we don't require your email address on CoinTracking.
If you want to report your gains to the IRS, you will have to do it yourself.

@Sniper243:
The Polo CSV does not contain your deposits and withdrawals.
That's probably the reason why your balance is off.
You will need to add them manually or use the Polo API import on CoinTracking which can handle deposits and withdrawals.

Best,
Dario

Sniper243

newbie

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Hello! Can somebody help please. My Polo and Coingtracking balances are different, although I made import... Sad

ipxtreme

sr. member

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Merit: 250

Quote from: Dario3000 on August 22, 2017, 07:37:48 PM

Quote from: crypto8492 on August 22, 2017, 07:27:57 PM

Great tool!

I am wondering if the tax export function can export TXF format? Apparently this is the only format you can import into Turbotax...

https://ttlc.intuit.com/questions/3731376-cryptocurrency-trades-bitcoin-etc-filing

Yes it does

Just open your Tax report and click on TurboTax Download.
It will export all your data as TXF.

Best,
Dario

Does your company report USA users financial info yearly to the IRS?

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: crypto8492 on August 22, 2017, 07:27:57 PM

Great tool!

I am wondering if the tax export function can export TXF format? Apparently this is the only format you can import into Turbotax...

https://ttlc.intuit.com/questions/3731376-cryptocurrency-trades-bitcoin-etc-filing

Yes it does

Just open your Tax report and click on TurboTax Download.
It will export all your data as TXF.

Best,
Dario

crypto8492

newbie

Activity: 2

Merit: 0

Great tool!

I am wondering if the tax export function can export TXF format? Apparently this is the only format you can import into Turbotax...

https://ttlc.intuit.com/questions/3731376-cryptocurrency-trades-bitcoin-etc-filing

Bermuda666

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Activity: 85

Merit: 10

Quote from: bodeng on August 20, 2017, 12:45:19 AM

It's great that this site has new features to come and import options are very easy to use.

Hi @bodeng,

thank you for your feedback.

We are glad you like our service and that it is useful for you.

We work hard every day, to give our users the best experience possible.

Have a good start into the week.

Best regards,
Keven

bodeng

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Activity: 336

Merit: 100

It's great that this site has new features to come and import options are very easy to use.

Dario3000

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Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: EveryDayArms on August 18, 2017, 10:44:14 AM

I was wondering about this too - the exported excel sheet from the exchange contains all prices (if some coin was traded for USD), so I'm not sure why some averaged coin price across multiple exchanges is used rather than the price in the spreadsheet.

If some coins were traded for USD, CoinTracking will use the USD price for the calculations.
But if a coin was traded for another coin, we need to calculate the value based on average historical prices.

Each exchange has it's own prices and there is no global price for coins like for fiat currencies.
That's why we use a weighted average.
But I will work on adding additional prices for different exchanges.

Dario

EveryDayArms

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Quote from: Bermuda666 on August 18, 2017, 09:59:37 PM

Quote from: jt42 on August 18, 2017, 03:48:32 AM

You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price. Or are you saying this only pertains to manual entries and not imported entries?

Hey @jt42,

thanks for your response on this.

Yes, maybe we will add the ability to switch between price sources for Coins one day.
Currently this is possible for BTC only. You can find it in your Account Settings.

This would be a major feature to do it for all exchanges and Cryptocurrencies and it takes much time and effort to realize it.
That´s why, for now, we´ve added the ability to set your own trade prices at the time of transaction.

Most of the time the data is accurate and there are only a few cases, where you need to edit the data.

Best regards,
Keven

I've had the opposite experience - for me, the data is nearly always incorrect, and I'm required to always go in and edit the values right after importing.

Bermuda666

member

Activity: 85

Merit: 10

Quote from: jt42 on August 18, 2017, 03:48:32 AM

You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price. Or are you saying this only pertains to manual entries and not imported entries?

Hey @jt42,

thanks for your response on this.

Yes, maybe we will add the ability to switch between price sources for Coins one day.
Currently this is possible for BTC only. You can find it in your Account Settings.

This would be a major feature to do it for all exchanges and Cryptocurrencies and it takes much time and effort to realize it.
That´s why, for now, we´ve added the ability to set your own trade prices at the time of transaction.

Most of the time the data is accurate and there are only a few cases, where you need to edit the data.

Best regards,
Keven

EveryDayArms

newbie

Activity: 7

Merit: 0

Quote from: jt42 on August 18, 2017, 03:48:32 AM

Quote from: Dario3000 on August 16, 2017, 03:38:24 PM

Quote from: EveryDayArms on August 16, 2017, 08:58:11 AM

Hi,

New to Cointracking and absolutely love it so far. Assuming all goes will with my investments I'll be purchasing a license soon.

Had a quick question regarding the 'Trade Value' menu when editing a transaction. How is the purchase value and sale value calculated? Where are these from? I've noticed pretty strange numbers, and pretty big differences between the two (for example, selling some NEO for USDT shows a purchase value of $630 and a sale value of $690). This causes the realized gain to be a loss of $40-50 for example, whereas in reality (looking at my exchange) it was a profit of ~$20 as the NEO was sold for $692.

I've looked at many of my other coins on the Trade Prices page, and it shows losses for a bunch, whereas I know they were gains. Even selling 1 ETH for USD shows the incorrect prices. Is there any easier way to fix this rather than keeping track of the USD purchase/sell price for each transaction, and entering it in manually after the fact?

Thanks!

Hey,

You can set these values on the Enter Coins page when entering or editing your entries.
If you do not set them, CoinTracking will calculate the value automatically based on historical coin prices from coinmarketcap, worldcoinindex, cryptococoincharts and some more.

Each exchange has different prices, and the exchange price may not be the average price we use.
I would recommend to change the values if the spread is too high.

Best,
Dario

You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price. Or are you saying this only pertains to manual entries and not imported entries?

This is for imported entries, not manual entries.

I was wondering about this too - the exported excel sheet from the exchange contains all prices (if some coin was traded for USD), so I'm not sure why some averaged coin price across multiple exchanges is used rather than the price in the spreadsheet. I do quite a bit of daytrading with not very volatile altcoins, so this averaged price is usually never correct.

jt42

newbie

Activity: 34

Merit: 0

Quote from: Dario3000 on August 16, 2017, 03:38:24 PM

Quote from: EveryDayArms on August 16, 2017, 08:58:11 AM

Hi,

New to Cointracking and absolutely love it so far. Assuming all goes will with my investments I'll be purchasing a license soon.

Had a quick question regarding the 'Trade Value' menu when editing a transaction. How is the purchase value and sale value calculated? Where are these from? I've noticed pretty strange numbers, and pretty big differences between the two (for example, selling some NEO for USDT shows a purchase value of $630 and a sale value of $690). This causes the realized gain to be a loss of $40-50 for example, whereas in reality (looking at my exchange) it was a profit of ~$20 as the NEO was sold for $692.

I've looked at many of my other coins on the Trade Prices page, and it shows losses for a bunch, whereas I know they were gains. Even selling 1 ETH for USD shows the incorrect prices. Is there any easier way to fix this rather than keeping track of the USD purchase/sell price for each transaction, and entering it in manually after the fact?

Thanks!

Hey,

You can set these values on the Enter Coins page when entering or editing your entries.
If you do not set them, CoinTracking will calculate the value automatically based on historical coin prices from coinmarketcap, worldcoinindex, cryptococoincharts and some more.

Each exchange has different prices, and the exchange price may not be the average price we use.
I would recommend to change the values if the spread is too high.

Best,
Dario

You really should use the price of the coin based on the exchange in which it was traded and not some averaged historical coin price. Or are you saying this only pertains to manual entries and not imported entries?

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: EveryDayArms on August 16, 2017, 08:58:11 AM

Hi,

New to Cointracking and absolutely love it so far. Assuming all goes will with my investments I'll be purchasing a license soon.

Had a quick question regarding the 'Trade Value' menu when editing a transaction. How is the purchase value and sale value calculated? Where are these from? I've noticed pretty strange numbers, and pretty big differences between the two (for example, selling some NEO for USDT shows a purchase value of $630 and a sale value of $690). This causes the realized gain to be a loss of $40-50 for example, whereas in reality (looking at my exchange) it was a profit of ~$20 as the NEO was sold for $692.

I've looked at many of my other coins on the Trade Prices page, and it shows losses for a bunch, whereas I know they were gains. Even selling 1 ETH for USD shows the incorrect prices. Is there any easier way to fix this rather than keeping track of the USD purchase/sell price for each transaction, and entering it in manually after the fact?

Thanks!

Hey,

You can set these values on the Enter Coins page when entering or editing your entries.
If you do not set them, CoinTracking will calculate the value automatically based on historical coin prices from coinmarketcap, worldcoinindex, cryptococoincharts and some more.

Each exchange has different prices, and the exchange price may not be the average price we use.
I would recommend to change the values if the spread is too high.

Best,
Dario

Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 94. (Read 122902 times)