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Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 98. (Read 122389 times)

newbie
Activity: 23
Merit: 0
Suggestion... have Total actually present cumulative totals with the same views of all the data of your linked accounts.

I originally decided to store everything in one account, then when I saw you had a Total function, I took the time to create separate linked accounts for each exchange and mining thinking I would be able to view them all in Total the same way that I was able to view them in individual accounts. I was a little surprised to discover that wasn't the case. So I ended up moving everything back into one combined account. Total has little value without being able to present ALL of your data in the same was as the individual accounts.

Making this change could have the potential to lower your resource usage. There are those of us who do little trading on several exchanges but may trade numerous times on one. By giving us the ability to separate these out but still see them combined in total, it would mean we would often times just be refreshing the one account and your servers would need to crunch less data by not having to refresh all of it from the other mostly static accounts.
hero member
Activity: 760
Merit: 516
CoinTracking - Crypto Portfolio & Tax Management
Thanks.
The red entries you see are not fees, but withdrawals you did on Kraken Smiley
You can decide if you want to import them or not.

Here's what happend:

Please check the "Enter Coins" page and filter by "Kraken".
You will see, that several trades, withdrawals and deposits have been imported.

But as mentioned on the API page, Kraken has a strong API call limit, that's why it has only imported your trades of the last days.
To get ALL your trades into CoinTracking, you will have to import your Kraken CSV file for an initial import.
This only has to be done once and will just take 2 minutes. The API will do the rest in the future and will import all new transactions.

Best,
Dario
newbie
Activity: 2
Merit: 0
Hey natevoight,

"Query Ledger Entries" is enough, as all trade and margin data is included there.
No need to enable additional permissions.

It's hard to tell what's going on without any details.
Can you please send us a short ticket here at the bottom https://cointracking.info/feedback.php and I will have a look.

Thx,
Dario

Done. Thanks Dario.
hero member
Activity: 760
Merit: 516
CoinTracking - Crypto Portfolio & Tax Management
Hey natevoight,

"Query Ledger Entries" is enough, as all trade and margin data is included there.
No need to enable additional permissions.

It's hard to tell what's going on without any details.
Can you please send us a short ticket here at the bottom https://cointracking.info/feedback.php and I will have a look.

Thx,
Dario
newbie
Activity: 2
Merit: 0
Hi guys,

Quick question regarding the Kraken API. The instructions indicate that only "Query Ledger Entries" should be checked but so far, none of my Kraken traded are reflected in CoinTracking. Only fees seem to be syncing, oddly enough.

I tried checked all the other "query" options for that API key but the issue still isn't resolved. I noticed it when my USD CoinTracking balance did not reflect that of my Kraken wallet. Then I saw none of the short postions I had taken and closed during the past few days had synced.

Any thoughts? Thanks.
hero member
Activity: 760
Merit: 516
CoinTracking - Crypto Portfolio & Tax Management
I just found out about this website and looks very interesting! But I don't understand which option I should use when I sell some Bitcoin:for example when I buy I choose Trade (first option), but when I sell which Out option should I use?

Thanks!

Hey Ale88,
Use the type "Trade" for your sales as well.
Buys and sales are the same. Only the positions are switched.

Buying 1 BTC for 2000 USD:
Buy: 1 BTC
Sell: 2000 USD

Selling 1 BTC for 2000 USD:
Buy: 2000 USD
Sell: 1 BTC


@meln1k:
You're right. The "trade id" is not listed in the regular export file on the "Enter Coins" page.
If you want to export all your details, you can export the CSV or Excel file on this page: https://cointracking.info/trades_full.php

If you haven't sold any DASH yet, I'm absolutely sure that the displayed value is the "unrealized gain" and not the "realized".
Realized gains will be only calculated for sold assets.

Best, Dario
newbie
Activity: 4
Merit: 0
I just started using cointracking and love it... but I have some questions that I hope I can get a good resolution to.
1.  When I export my entire trading history, I do not find the "trade id" that is listed under the detail for a record in the Realized Gain area.
2.  I see realized gains that do not have a sell to them at all... for instance, I have a realized gain on DASH for 7/16/17 but there was no sell order that went through at all for that day.

I am using the Poloniex API to gather my trade data.

Thanks for your help!  I just want to make sure I understand this and the numbers just look a bit high to me..
Melanie
legendary
Activity: 2380
Merit: 2369
Catalog Websites
I just found out about this website and looks very interesting! But I don't understand which option I should use when I sell some Bitcoin:for example when I buy I choose Trade (first option), but when I sell which Out option should I use?

Thanks!
hero member
Activity: 760
Merit: 516
CoinTracking - Crypto Portfolio & Tax Management
I'm asking @Dario3000
How does it work underneath? can we trust that you guys are only doing read only? 

Ah sorry didn't see the word API in your question... But I think he just queries the blockchain.

Correct Smiley
We're querying the blockchain.
BTC addresses and xpubs have read permissions only.

Best, Dario
newbie
Activity: 8
Merit: 0
I'm asking @Dario3000
How does it work underneath? can we trust that you guys are only doing read only? 
newbie
Activity: 8
Merit: 0
what api do you guys currently use to pull all transactions from the bitcoin wallet address?
member
Activity: 85
Merit: 10
Wow! This looks great! But just think of all the work you have created... LOL

Hey @sgjenks01,

Thank you for your feedback.

You are right, you can put in more work now, but also everything is more accurately.
We decided to choose the most perfect solution for our users.

Best regards,
Keven
member
Activity: 91
Merit: 10
Wow! This looks great! But just think of all the work you have created... LOL
member
Activity: 85
Merit: 10
Addition of transaction types at Cointracking

To be able to enter different transaction types more accurately and to get a more detailed classifications, we decided to orientate towards the common law and tax standards, by increasing the amount of transaction types.

With this additions it is possible to calculate the Tax-Report much more efficient, to add entries much easier and to improve the structuring of a portfolio on Cointracking.

Additionally to the current 3 types of transactions (Trade, Deposit and Withdrawal) it is now possible to enter more types into our system. These new transaction types are considered in all reports and especially have an influence on the Tax-Report.

From now on, following transaction types can be added to our system and have impact on the calculations:

(EXCHANGE) Trade Purchases/Sales
Are listed in the Capital Gains Report.

(IN) Deposits (Transfer)
Are considered as transfers between wallets or exchanges and are not included in the calculation.

(IN) Mining
Are listed in the Income Report with the value at the time of transaction.

(IN) Gift/Tip
Are listed in the Income Report with the value at the time of transaction.

(IN) Income
Are listed in the Income Report with the value at the time of transaction.

(OUT) Withdrawals (Transfer)
Are considered as transfers between wallets or exchanges and are not included in the calculation.

(OUT) Spend
Are listed in the Capital Gains Report.

(OUT) Gift
Are listed in the Gift and Donation Report.

(OUT) Donation (registered charity)
Are listed in the Gift and Donation Report.

(OUT) Stolen/Hacked/Fraud
Are listed in the Lost and Stolen Report.

(OUT) Lost
Are listed in the Lost and Stolen Report.



Information about the different kinds of Reports included in the Tax-Report:


Capital Gains Report - Your Sales of Capital Assets:
This table contains all sales during the selected tax year including its appropriate cost basis, calculated with the chosen method.

Income Report:
Income report including mining and received gifts.

Gift and Donation Report:
All gifts and donations made in the selected tax year. There is no gain for gifts and donations as the cost basis is transfered over to the recipient. If the recipients wishes to spend those coins, he needs the cost basis information.

Lost and Stolen Report:
All losses you have reported for the selected tax year. In some cases they can be deducted from your total tax as casualty losses, at their original cost basis value.

Closing Position Report:
This table contains all coins that you still own including their cost basis.

Everyday, we do our best to make the lifes of our members easier. We hope you are going to like this implementation and it´s useful for you.

Happy Tracking. Smiley


BTCest regards,
The Cointracking Team
member
Activity: 91
Merit: 10
@dario3000
I sent the message to Keven, I just tried to send you a message @dario3000. Anyway, I think you nailed it. The account where I hold it says there are just over 16 QORA and it says it is worth 3 dollars. It was worth $5 when it was given to me. Kind of going the wrong way... I plan to retire on it. What do you think?

Steve
hero member
Activity: 760
Merit: 516
CoinTracking - Crypto Portfolio & Tax Management
I found you on Twitter and I THINK I sent you a message. I don't use Twitter very much.
Steve

Nope, I don't see a message there.
Please let us know here and I will have a look: https://cointracking.info/feedback.php

Adding a gift, will still result in a current value and an unrealized profit.
If someone will send you 1 ETH, it will still have a value of 275 USD no matter if you have paid for it or not Smiley

QORA has a very low price. If you just have few of them, the value can be rounded off to 0.

As said, let us know and I will have a look.
Dario
member
Activity: 91
Merit: 10
Please text me your Username via DM and I´ll have a look.

I found you on Twitter and I THINK I sent you a message. I don't use Twitter very much.

Steve
member
Activity: 85
Merit: 10
@Dario3000
I have two coins, MGO and QORA that were deposited in my wallets... A gift, I suppose. That means that my cost basis is zero on both. However, for reasons I don't understand, CT show MGO as having a current value on the Dashboard and Unrealized Profit Potential provided I have checked the box for "Add Deposits and Withdrawals to the remaining amount".

QORA also shows a balance, but it is not considered to have a current value on the Dashboard, nor does it show Unrealized Gain /Loss on on that page.

To me, both coins should be presented the same way in both places, but they are not. Why is that?

Thanks,

Steve

Hi again,

Please text me your Username via DM and I´ll have a look.

Maybe Dario is faster than me with an answer.

BR,
Keven
member
Activity: 85
Merit: 10
@dario3000
@Kevin

Feature Suggestion;
In the "Balance by Exchange" report, I suggest you add a checkbox to allow the user to "hide" any wallet with a zero balance of all currencies or to hide any currency within a multi-wallet that has a zero balance.

This would make it easier to spot wallets that have a currency with a negative or positive balance.

Another Feature Suggestion:
Right now, you show a chart of the past 30 days of BTC in USD. It would be helpful if there were a way to select a 30 day range in the portfolio chart, so the time-frames line up. That way a user could see at a glance if their trading was outperforming BTC or not.

Thanks

Steve

Hey @Steve,

thank you for the additional suggestions, we´ll think about if an integration would be helpful for all users.

Thanks for contributing.

Best regards,
Keven
member
Activity: 91
Merit: 10
@Dario3000
I have two coins, MGO and QORA that were deposited in my wallets... A gift, I suppose. That means that my cost basis is zero on both. However, for reasons I don't understand, CT show MGO as having a current value on the Dashboard and Unrealized Profit Potential provided I have checked the box for "Add Deposits and Withdrawals to the remaining amount".

QORA also shows a balance, but it is not considered to have a current value on the Dashboard, nor does it show Unrealized Gain /Loss on on that page.

To me, both coins should be presented the same way in both places, but they are not. Why is that?

Thanks,

Steve
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