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

[OTC_Buyer]

I am in the Enter Coins overview area selecting multiple coins (with Ctrl button and clicking away ... wish there was a select all check box since faster to deselect than select) then I click on the Edit box (not group edit) and when I go to change my Trade Group name (which is weird because it says multiple values yet they are all blank) so I click in box to give them a group name "Mining" and then click Update button and it gives this error:

Please enter a valid Date in any common format like 31.03.2018 or 03/31/2018 01:28:50


I didn't change the date value and it says Multiple Values. Probably about 257 transactions at one time I am trying to change. Works fine when I do say 3 of the trades. (And when I did 3 of them there is no value in the Trade Group name.)

[AltScope]

Multiple things:
...
4 - From Bittrex my BTG is off. It is a negative number. CSV trades show I sold more than what I had??? (I submitted support ticket with Bittrex already also.)
...

did you take into account any btg you received from the fork?

[cruxio]

these months I use contracking and I think this is good but I always have problems importing trades from BTC Markets though. I understand CSV will not import Withdrawals and Deposits but even after entering them manually, the balance is not nearly correct.

[cruxio]

I have a question related to airdrop, my MEW is connected with the API and after the token incident is monitored in Cointracking.
But since it comes from the air, I like entering entries as "gifts" but getting me into realization and unrealized profits, the token fee is not set to zero, and I do not even understand the value here, because it's a gift and free gift

[i8aPie]

I wanted to report an issue.

I have been using the Yobit API and having you pull in data.

I know it's a 7 day max, BUT you seem to be missing recent trades.

It appears that you are skipping trades that happen all at the same time.  Like I do a sell of 50 and it gets split in 3 trades 30, 15, 5 all with the same timestamp.  You appear to only pull one of the trades.

That's a pretty big issue.  Can you correct?

[95Nasty]

I am trying to import an xpub and also a specific btc address but I get nothing showing up in the Enter Coins overview page.  They show up in my saved transaction jobs but it doesn't seem like it ever executes the jobs.  I am hoping I am missing something simple.  The xpub is from Samourai is they have no CSV or a report of any kind.  Other suggestions? Is there another service/another way to get Samourai xpub dumped into CSV format?  Thanks.

[OTC_Buyer]

Multiple things:
...
4 - From Bittrex my BTG is off. It is a negative number. CSV trades show I sold more than what I had??? (I submitted support ticket with Bittrex already also.)
...

did you take into account any btg you received from the fork?

I am sure that is it and sounds like Bittrex said they don't include stuff given on forks in CSV ... so how do I enter this?

[PostalEFM]

Great, thank you very much! Going to give it a go now.

[happy9z]

12/19/18 I bought 2 ETH = $1,762.04, Coinbase fee was $67.61
I recorded:
Transaction Type (Trade (exchange))
Transaction date : 12/19/17
Buy: 2
Currency: ETH

Sell:1762.04
Currency USD

Trading Fee
Amount: 67.61000000
Currency: USD

Is my above recording correct?


Then I sent 2 ETH ≈ $1,685.02 from Coinbase to Binance on 12/19/17
Price per coin is $842.51
Fee is 0.00070980 ETH

Then on 12/19/17 I bought 165.20 ICX at 0.002685 on Binance, and the fee was 0.16520000 ICX. The total was 0.44356200 ETH

How can I record these transactions? Would you please help?
Thanks!

[perigv]

Quick question here. I'm using my own calculations for calculating my taxes this year but I discovered cointracking.info (AWESOME tool by the way, love all the plots and reports!) and added all my transactions there as well to double check and find a better way than manually calculate.

I've added transactions and transfers and I am looking at my tax report (for the US, using FIFO). I am seeing something I am not sure I understand.

The hypothetical (for simplicity) situation is this:
- I have 1 btc I bought 2 years ago so long term holding on exchange A
- I transfer this 1 btc to exchange B 1 day before next item/sale below so it arrives first on exchange B
- I sell some other coins to 1 BTC last month on exchange B
- I sell both 2 BTC to USD for example.

When I did this manually I expect to have that last BTC sale be split into two portions. 1 btc to be long term (the transferred one) and 1 btc to be short term (received from sale).

Second part of the question is that cointracking.info seems to be reporting the purchase date for the entire sale of 2 BTC to be the date of the first transfer and not the one of the sale, making the entire 2 BTC a long term capital gain. I believe this is incorrect.

Any thoughts? Am I missing something?

[AltScope]

Multiple things:
...
4 - From Bittrex my BTG is off. It is a negative number. CSV trades show I sold more than what I had??? (I submitted support ticket with Bittrex already also.)
...

did you take into account any btg you received from the fork?

I am sure that is it and sounds like Bittrex said they don't include stuff given on forks in CSV ... so how do I enter this?

I always put my fork coins in as gifts and then set the tax report to 0 value gifts/mining should be sending all my details to the accountants in a few days so they should be sorting things from there
UK has weird laws on tax that i just can't understand we found out mined coins have 0 value until used in the UK but we're unsure on forks if he gets back to me and says it's wrong I'll post here but depending on your country tax laws will differ.

I'm pretty sure there's a page in the faq about this if you check

[happy9z]

12/19/18 I bought 2 ETH = $1,762.04 on Coinbase, Coinbase fee was $67.61
I recorded:
Transaction Type (Trade (exchange))
Transaction date : 12/19/17
Buy: 2
Currency: ETH

Sell:1762.04
Currency USD

Trading Fee
Amount: 67.61000000
Currency: USD

Is my above recording correct?


Then I sent the 2 ETH ≈ $1,685.02 that I bought from Coinbase to Binance on 12/19/17
Price per coin is $842.51
Fee is 0.00070980 ETH

Then on 12/19/17 I bought 165.20 ICX at 0.002685 on Binance, and the fee was 0.16520000 ICX. The total was 0.44356200 ETH

How can I record these transactions? Would you please help?
Thanks!

[screasy]

How do we handle Shapeshift.io transactions on CoinTracking?  I am showing a zero basis, because I acquired the coin via Shapeshift from my Coinbase ETH wallet!

[CoinTracking Dominik]

I wanted to report an issue.

I have been using the Yobit API and having you pull in data.

I know it's a 7 day max, BUT you seem to be missing recent trades.

It appears that you are skipping trades that happen all at the same time.  Like I do a sell of 50 and it gets split in 3 trades 30, 15, 5 all with the same timestamp.  You appear to only pull one of the trades.

That's a pretty big issue.  Can you correct?

Hi i8aPie. Thank you for your feedback. Can you please create a ticket via our HelpDesk in which you describe the error again exactly. Please add your CT username so we can check it out. Thank you.

12/19/18 I bought 2 ETH = $1,762.04 on Coinbase, Coinbase fee was $67.61
I recorded:
Transaction Type (Trade (exchange))
Transaction date : 12/19/17
Buy: 2
Currency: ETH

Sell:1762.04
Currency USD

Trading Fee
Amount: 67.61000000
Currency: USD

Is my above recording correct?


Then I sent the 2 ETH ≈ $1,685.02 that I bought from Coinbase to Binance on 12/19/17
Price per coin is $842.51
Fee is 0.00070980 ETH

Then on 12/19/17 I bought 165.20 ICX at 0.002685 on Binance, and the fee was 0.16520000 ICX. The total was 0.44356200 ETH

How can I record these transactions? Would you please help?
Thanks!

Hi happy9z. Your first method is correct. The fees should be included in the final price. You can enter the transfer between two exchanges directly as "Transfer". A Withdrawal from exchange A and a deposit to exchange B are automatically entered. Please include Withdrawal fees in the amounts again. You can also enter the trade on Binance as a trade like on Coinbase.

How do we handle Shapeshift.io transactions on CoinTracking?  I am showing a zero basis, because I acquired the coin via Shapeshift from my Coinbase ETH wallet!

Hi screasy. Please have a look at our FAQ article: https://cointracking.freshdesk.com/en/support/solutions/articles/29000018221-shapeshift

[perigv]

Hi Dominik,

Could you have a look at my issue as well:

https://bitcointalk.org/index.php?topic=220238.msg33735027#msg33735027

Thanks!

[CoinTracking Dominik]

Hi Dominik,

Could you have a look at my issue as well:

https://bitcointalk.org/index.php?topic=220238.msg33735027#msg33735027

Thanks!

Second part of the question is that cointracking.info seems to be reporting the purchase date for the entire sale of 2 BTC to be the date of the first transfer and not the one of the sale, making the entire 2 BTC a long term capital gain. I believe this is incorrect.

Sorry. Can you be more specific? According to the FIFO method, the 1 BTC (bought two years ago) and then the 1 BTC short term is used up when selling the 2 BTC.

[happy9z]

1)Then I sent the 2 ETH ≈ $1,685.02 that I bought from Coinbase to Binance on 12/19/17
Price per coin is $842.51
Fee is 0.00070980 ETH

2) Then on 12/19/17 I bought 165.20 ICX at 0.002685 on Binance, and the fee was 0.16520000 ICX. The total was 0.44356200 ETH

I post like this:

1) This is for Transfer from Coinbase to Binance on 12/19/18
Type and Date
Transaction Type: Transfer,
Transaction Date:  12/19/18

Transfer Amount
Amount: 2 ETH
Currency: ETH -> Ethereum [Coin]

Transaction Fee
Amount: 0.00070980
Currency: Currency: EETH -> Ethereum [Coin]

2)This is for I bought 165.20 ICX on Binance
Transaction Type: Trade (Exchange)
Transaction Date:  12/19/18

Buy
Amount: 165.20
Currency: ICX -> Icon [Coin]

Sell
Amount: 0.44356200
Currency: ETH -> Ethereum [Coin]

Trading Fee
Amount: 0.16520000
Currency: ICX -> Icon [Coin] I am not sure if this fee is in ICX or ETH. On Binance it shows like 0.16520000 ICX. Please let me know if I should put it in ICX or ETH?

Would you please let me know if I am correct for 1) and 2) ?

Thanks CoinTracking Dominik!

[perigv]

Second part of the question is that cointracking.info seems to be reporting the purchase date for the entire sale of 2 BTC to be the date of the first transfer and not the one of the sale, making the entire 2 BTC a long term capital gain. I believe this is incorrect.

Sorry. Can you be more specific? According to the FIFO method, the 1 BTC (bought two years ago) and then the 1 BTC short term is used up when selling the 2 BTC.

Never mind, I realized that I had a couple of transactions swapped (these international time stamps are tricky) and that it messed up my calculations. Cointracking.info is doing the correct thing!

[cruxio]

No, I did it exactly as you said. The EOS pair is fine. It shows a loss of 66USD. But when i make an input for the monaco trade even according to your example i enter 138 USD as the investment. My point being in real terms I have just put in 200 USD innit. I get the accounting bit but is there a way to see what I'm asking. Also see my second post, it's related to the same thing i said earlier. Thanks a lot for all your help so far and replying so promptly. I'm loving cointracking and it's features. Just want to clear this confusion.

[beastcoast]

Is anyone able to get the Liqui API to work?

none of my trade history is importing