Hello again! I am having an issue with my tax bill being much higher than anticipated (
). I think this may have to do with how sales are accounted for. My actual average buy for Solana is $35ish but on this report it's saying it is $$94.
I am trying to understand how the program is doing it's accounting and how to split my funds into different accounts. I purchased 10,000 Solana that I staked and never moved. With that additional 1,500 Solana I moved around and traded. It feels like the program isn't keeping those accounts separate and ultimately raising the price of my purchased Solana when it should be going off of the 1,500 being traded back and forth (I've tried last in / first out & optimized calculation).
What are some good reports to see the breakdown (I anticipated about 1/2 of the capital gains I am seeing.). Would it help to earmark 10,000 Solana into a "staking" group & the other into a "trading" group - does the program require that?
Edit: Did something to test my theory, I don't think this is the discrepancy I'm looking for. What are the best reports to group profit as I think I'm about 2X what my realized gain should have been?
Edit2: I am finding the "Realized Gain / Loss for all Sales" very helpful. Any other reports you would recommend?
Edit3: I'm still tinkering around - it still seems like there's something fishy going around with my cost basis on Solana. Is there any way to see pools of capital that are being used for first in / first out?