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on: October 16, 2021, 09:45:45 PM

Thanks vv181! You helped me figure it out. I needed to add more BNB to the Metamask wallet and then it worked.

on: October 16, 2021, 07:05:33 PM

Quote from: vv181 on October 16, 2021, 03:57:16 PM Quote from: Hoopster on October 16, 2021, 03:11:47 PM I already have the same tokens in the Binance Firefox plugin wallet. I'm not trying to move tokens from Metamask to the Binance Exchange. I'm simply trying to move the tokens from Metamask to the Binance Wallet on their plugin. Just to make it clear, you have Metamask and Binance Wallet, right? between those wallets do you have a separate seed phrase or just one? I believe you can just simply input the Seed Phrase from the Metamask to the Binance Wallet. That way, you don't need to transfer your token between any addresses. But if you have a separate wallet(seed phrase) between those plugins, to make it simple, you can easily transfer it onto your address on the Binance Wallet. Anyway, can you elaborate more on why you failed to transfer your token twice? Both the Metamask and the Binance Wallet have two different seeds phrases. Here is the error that I get when moving the tokens from Metamask to Binance. Warning! Error encountered during contract execution [out of gas] BEP-20 Token Transfer Error (Unable to locate corresponding Transfer Event Logs), Check with Sender. Maybe I need to add some ETH to Metamask for the gas? Right now I was using BNB for the gas and they took some gas from BNB even though it failed twice.

on: October 16, 2021, 03:11:47 PM

I'm not sure if I explained it correctly. I already have the same tokens in the Binance Firefox plugin wallet. I'm not trying to move tokens from Metamask to the Binance Exchange. I'm simply trying to move the tokens from Metamask to the Binance Wallet on their plugin.

on: October 16, 2021, 08:45:26 AM

Is there any way to move some tokens from the Metamask Wallet to the Binance Wallet? I tried sending it from Metamask to Binance, but it failed twice. The token is on the Binance Smart Chain. I cant transfer it to Binance itself because the coin is not listed there. I just want all of the coins in one spot of possible, If anyone has any ideas, please let me know. Thanks!

on: January 11, 2021, 07:18:05 PM

Quote from: figmentofmyass on January 11, 2021, 01:01:44 AM Quote from: xmready on January 10, 2021, 11:40:35 PM What happens if I deposit money into an exchange to trade, make a bunch of trades, and at the end of the tax year I am holding more BTC than dollars on the exchange? Since I went back and forth from BTC to USD multiple times, do I have to calculate capital gains on every trade even though I am holding mostly BTC at end of year? yes, technically you need to report capital gain/loss for every time you sold BTC to USD. even if you're holding 100% BTC now, that just means your current gains/losses are unrealized. that doesn't erase all the capital gains you made earlier in the year. Quote from: Hoopster on January 11, 2021, 12:45:03 AM Thanks for the example. I just want to double check that my spreadsheet is correct. Can you please look at this and tell me what you come up as far as capital gains? I would really appreciate it. Price Amount Total Fee Fee Coin Buy: 0.1555 570.6 88.72830000 0.5706 ADA Sell: 0.1591 570 90.68700000 0.0907 USD cost basis = $88.7283 received from sale = $90.5963 capital gain = $1.87 *i am not a lawyer. this is not legal advice. Why wasn't the fee from when I bought it 0.5706 deducted from the $88.7283?

on: January 11, 2021, 01:52:04 AM

So you just do the math (subtraction) on the selling as the buying total is included even with the fee correct? What happens if the sell coin is not USD and is the same like ADA?

on: January 11, 2021, 12:45:03 AM

Thanks for the example. I just want to double check that my spreadsheet is correct. Can you please look at this and tell me what you come up as far as capital gains? I would really appreciate it. Price Amount Total Fee Fee Coin Buy: 0.1555 570.6 88.72830000 0.5706 ADA Sell: 0.1591 570 90.68700000 0.0907 USD

on: January 10, 2021, 10:59:56 PM

I searched all around the internet and there are some conflicting answers. My questions are this: 1. Do I get to deduct the fees for acquiring the coin and the fees when I sell it, or just the fees when acquiring the coin? 2. Also how do I come up with the fees when they charge me by taking som of the coin itself for the fees and not USD? Examples: 1. Let's say that I purchase a coin for $100.00 and the fees to acquire the coin are $1.00. My Cost basis would be $101.00 USD. I then sell the coin for $200.00 and my fees are $2.00. wouldn't my total capital gains be: $97.00? since the total round trip was $3.00? 2. Some of my transactions show the fee was a percentage of the coin I purchased and some show they took USD for a fee. How can I come up with the capital gain on the coin they took out. Meaning do I need to go back and see how much I purchased the coin for at the time and then divide by the amount of coins they took out? Any help would be appreciated.

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