Also, If so, is there a faster way to do it rather than the "price=custom" page? I have SO many "coins" now that I need to scroll so far down to the "enter new coin" box it take a LONG time to load each collection I sweep.

Hi. NFT's are much simpler to track now. Thanks
Do we still have to manually enter a "Custom Price" as though each NFT is it's own "Coin" for things like "Current Balance" to show them correctly?
Cheers
Mat

Hi, Is there a way to have blockchain imports only import from "last import" date automatically. Only way I have found is to constantly manually adjusting date settings in "Optional settings and filters" to match "last import' date.
It would be great for this to have a toggle option

Thanks

Done. I also sent a second instance of this happening.

BUT, last night another two nft's were sold through gem.xyz and this time cointracking imported correctly. Only difference I can tell was it was too a different eth wallet. I also sent this transaction in the email for your team to check over

Hi.
It seems when someone uses a service like gem.xyz to purchase multiple NFT's in one contract cointracking fails to generate the sale accurately.
Two items were purchased for 0.39eth each (TOTAL 0.78eth), but cointracking has imported the trade as Two items sold for a TOTAL of 0.39eth.

This has happened a number of times now.
Just letting you know

Mat

Thanks Andreas.
Issue is I cannot see what the total supply was on purchase date. So i'm stumped On chain data only shows the purchase of the NFT, not the total $WOOL supply at that time. I can see current supply, but no historical data
To make it worse they have now grouped all pouches together online when claiming, so I cannot count back from claimed amounts.
Your suggestion makes total sense to me though. Thanks. Will keep looking into it.

Hi Andreas,

How would you suggest I handle the following?

I purchase a NFT (code as trade) which contains x amount of "Token A"
The NFT drip feeds "Token A" over a period of 4 years.
I "Claim" the "Token A" from the website from time to time as I see fit.

How do I code the Token A?
It is not staking as the NFT value drops because you are effectively removing value from it each time you remove Token A.
The NFT is effectively a bulk purchase of Token A that you can collect slowly over time.

Many thanks
Mat

Hi. Is there a way to invite my accountant to view/adjust my cointracking account?

I second this

Thanks .
So for tax purposes there's really no need to create a Custom Price for each NFT then?
I have been setting one to match my buy price.

Cheers

Hi
Adding a new Token/Coin/NFT question:

These questions relate to adding a NEW NFT as a "NEW Coin"

A- Are "Edit Asset Value" and "Custom Price For Currency" not the same thing? I notice one is not auto populated when I fill the other.

B- Should the "Custom Price For Currency" be set to exactly the same as I set "Edit Asset Value"? (I set this as the purchase price when adding a NFT)

C - Is it a problem if I do not set both of these? Which is the most important?

Thanks

Hi,
Do we know when ERC1155 transactions will be included in "ETH Blockchain import"?
I seem to have some come through while others don't and its very sporadic.
Thanks
 

Complicated NFT swap issue:
With a few projects now allowing for swapping out and changing parts of the individual NFT image its getting more and more difficult to account for them. How would you suggest I deal with the following scenario?
Purchase original NFT (a)
Purchase a background image NFT (b)
Swap a background out from NFT (a) for NFT (b).

Im now left with a new NFT(c) being the original background image that came with NFT(a) and NFT(b) is now attached to NFT(a) as a replacement background possibly increasing the value of NFT(a) in the process.

I presume best to ignore the swap all together?

Things are getting harder and harder to deal with in the NFT space as NFT's become more complex

Thanks. Is it only Erc1155 that are not imported? How about Erc721?
Thanks

Hi,
How can I handle the following please?

Burning of NFT "Token A"
Receive 5 NFT's "Token B,C,D,E,F"

ie One NFT is being burnt to receive 5 very unique new NFT's.

Do I state "Token A" as a Withdrawal? And then all 5 new tokens as Deposits with value of "Token A" split evenly between all 5 new tokens? ie token A value divided by 5
If so what happens to it in accounting/tax?

Thanks
Mat

Hi,

Am I correct in that " Erc1155 Token Txns " from an Ethereum Address are NOT imported via "BlackchainImport"?
Im finding some are missing.

If I know they are not I can go through and make sure I manually enter them all. But would like to be sure that is the case first.

Thanks

When I set my ETH address as a "Blockchain Import - Ethereum +Dex" does it import all associated Networks/Chains and coins/tokens that are shown in Metamask under that address (like tokens in the Avalanche Mainnet etc?)
OR - Do i need to set up a "Blockchain Import" for each of the Networks/Chains that use that same address?

ie Set up a Blockchain Import for ETH, POLY, Avalanche (all with the same address).
Thanks

---

Hi again. Second question:

When adding NFT, is coin value at purchase inclusive or exclusive of transaction fee (gas)?

Thanks

Hi.
When I set my ETH address as a "Blockchain Import - Ethereum +Dex" does it import all associated Networks/Chains and coins/tokens that are shown in Metamask under that address (like tokens in the Avalanche Mainnet etc?)
OR - Do i need to set up a "Blockchain Import" for each of the Networks/Chains that use that same address?

ie Set up a Blockchain Import for ETH, POLY, Avalanche (all with the same address).

Thanks

---

How do I handle the following please?
Gamification and DeFi with NFT's

NFT1 (mutant cat) is staked (I can handle that part - Staking)
It Earns $FISH token while staked (I can handle that part - Staking rewards)
I claim $FISH token (I can handle that part - Staking rewards)

THEN...
I "feed" the $FISH token to NFT2 (Mutant Gorilla) which is staked, to speed up its generation of its reward (NFT3-Serum).  ie I am effectively spending $FISH token to speed up the rewards from a staked NFT. How do I deal with this as I am spending $FISH with no real return other than speeding up staking rewards?

Then...

The NFT3 (Serum) is then fed to the first NFT (Mutant Cat) to change it (To a normal Cat) that can then breed with another to generate yet another NFT.

This is all getting pretty crazy!!

Thanks




[moderator's note: consecutive posts merged]

Thanks. Only way I can get it to work out correctly is to update the sell value to match the buy value in the trade where I sell the NFT. Otherwise it seems to want to use the NFT token price I set in the custom token price on purchase. Or am I stuffing it up doing this? It seems to show correctly in Realized and Unrealized Gains chart now

So when we purchase a NFT we create a new token/coin under its own ticker and give it a value of purchase price. When we SELL the same NFT do we need to update the value of that token/coin? Or do we just sell that 1 token for xxxETH and it is fine? I notice that when I do this it does not appear in my realised gains/losses but rather disappears altogether.