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

[Andreas_CoinTracking]

@hansdampf123
We add this to our improvement list. Please check our new features page regularly.
Then create a backup, buld delete those chain transactions and re-import again.
For now please adjust those transactions manually according the liquidity pool FAQs.

[Magatron]

Hello,

I cannot contact Cointracking in any other way. I have a paid account. I am currently logged into the platform. When I try to login to Cointracking Support desk:
(https://cointracking.freshdesk.com/en/support/login) it says "The email and password you entered does not match".

Then when I try to reset the password I get: You are not authorised to access this portal. Kindly contact your helpdesk administrator.

When I check to see if I even have an account (by creating a login) with my email, it says Email has already been taken.

Can someone from the company please look into my problem?

Kind regards.

[Andreas_CoinTracking]

@Magatron
Please send an E-Mail to support@cointracking.info with your account name. Thank you in advance.

[hansdampf123]

@hansdampf123
We add this to our improvement list. Please check our new features page regularly.
Then create a backup, buld delete those chain transactions and re-import again.
For now please adjust those transactions manually according the liquidity pool FAQs.

Thanks for adding it to your improvement list.

However adding them like liquidity pool transactions does not work as one just has a withdrawal transactions of e.g. USDT when entering the leveraged yield farming (lyf) position and then a deposit transactions of USDT again later when leaving the lyf position.

[Andreas_CoinTracking]

Yes this is current standard method as deposit+withdrawal. You can adjust it into a trade for now.
See:
How to add Liquidity Pool transactions as trade? (https://cointracking.freshdesk.com/a/solutions/articles/29000037542?lang=en)
How are Liquidity Pool transactions imported? (https://cointracking.freshdesk.com/en/support/solutions/articles/29000038185-how-are-liquidity-pool-transactions-imported-)

[qunaldodge]

Does CT support Cosmos $ATOM2 in blockchain scan.  I done seem to find it on website .

[greentea]

How is staking reflected in Cointracking?

https://www.forbes.com/sites/kamranrosen/2022/02/02/in-huge-precedent-irs-says-it-will-not-tax-unsold-staked-crypto/?sh=4f071c19464c

"any tokens gained through proof-of-stake should be considered “new property” created by the taxpayer—and therefore not income which “comes in” to the taxpayer. In order to be taxed, tokens gained through staking (or any other newly created property) must be first converted into a “readily accessible form of wealth”.

Thus, the lawsuit claims, until the tokens are sold, no taxable event has occurred."

[Andreas_CoinTracking]

@greentea
Please check those FAQs here:
How are Liquidity Pool transactions imported? (https://cointracking.freshdesk.com/en/support/solutions/articles/29000038185-how-are-liquidity-pool-transactions-imported-) - our current way.
How to add Liquidity Pool transactions as trade? (https://cointracking.freshdesk.com/a/solutions/articles/29000037542?lang=en) - depending on the tax guidelines in your country - then they would be taxable.

[rdnkjdi]

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?

[Andreas_CoinTracking]

@rdnkjdi
Please check this FAQ for warnings which could cause wrong reports: How to validate my account? (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)
And you need to enable depot/lot separation as described here if you have different pools (SOL2 "piles" for trade and staking separately): https://cointracking.freshdesk.com/a/solutions/articles/29000038566?lang=en

[Andreas_CoinTracking]

Updates and Improvements

API
- Bybit (support for Spot withdrawals)
- Celsius (loan adjustments + unification for exchange names & comments in CSV and API)
- Binance (new version and tab structure, the legacy API can still be used)
- Bitstamp (adjustment for decimal places and negative amounts)
- GEMINI (support for earn transactions)
- Independent Reserve (support for trades against itself)
- Crypto.com Exchange (support for deposits and withdrawals)

CSV
- Cake Defi (support for withdrawal fees + promotion bonus)
- Binance (separation of Binance US, import for wrong payout duplicates + import of Dust2BNB as trade)
- Binance US (improved quick buy)
- Celsius (support for rewards + swaps)
- Crypto.com App (import for supercharge staking as withdrawal)

Blockchain
- Improvements for BSC, FTM, XLM, TERRA, Solana, Tron (see FAQ "My blockchain transactions are not imported correctly. Why?")

Other
- Several ticker and price history updates
- Tax report (new US tax report, sum losses KAP+SO, flow chart)
- Excel import (plausibility check for wrong entries)

Source: https://cointracking.info/new_features.php

[matblam]

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
 

[Andreas_CoinTracking]

It is on our long list, but we cannot provide a date here.

[pionex]

Hello, I am having trouble resolving a pricing discrepancy from the Pionex exchange.

I invested and traded in their bots a mini version of BTC and ETH each representing 1/1000th of the current BTC and ETH price. So if Bitcoin is $38,456.48, then mBTC is $38.45648 and if Ethereum is $2,662.06, then mETH is $2.66206. This allows for more granular trading for smaller accounts.

After some assistance with a custom import my trades were entered, but one side of each transaction represented some other version of MBTC (maybe Mirrored Bitcoin) and some version of METH with drastically different values.

I have hundreds of trades in each (thanks to the bots) and I am at a loss for how to fix them.

I did go into my trades list and edit all the mBTC and mETH trades manually by reducing the price by the ratio, but since the reference price was not the actual BTC or ETH price, I still don't think I have an accurate representation of my trades. I moved the decimal point to make the trade amount.

Would it be possible for you to add mBTC and mETH to the available currency list with the above formulation so I can apply the correct pricing to all my trades?

Or is there a more elegant solution? I think my imported spreadsheet had all the pricing accurately represented. Once imported though it seems the system generated one side of the trade value using the aforementioned incorrect MBTC and METH. Is there a way to import using actual values?

Thanks so much!

[Andreas_CoinTracking]

@pionex
We can only add coins when they are listed on our price sources like CMC: Fiat, coin and commodities price sources, individual exchange price, change Fiat account Currency (https://cointracking.freshdesk.com/a/solutions/articles/29000007214?lang=en)
So if mETH and mBTC is already taken please use mETH2 and mBTC2 and set a custom price. You have to edit the asset values manually as well similar to NFTs as described here: How to add NFT or IDO transactions(https://cointracking.freshdesk.com/a/solutions/articles/29000038312?lang=en)

[pionex]

Hello Andreas,

Thanks for the reply. I was wondering about this bit and how to accomplish it: "So if mETH and mBTC is already taken please use mETH2 and mBTC2 and set a custom price."

Could you please provide some guidance about how this is done?

Thanks!

[QRA]

Or is there a more elegant solution? I think my imported spreadsheet had all the pricing accurately represented. Once imported though it seems the system generated one side of the trade value using the aforementioned incorrect MBTC and METH. Is there a way to import using actual values?

Thanks so much!

You can import your own values via csv import: https://cointracking.info/import/import_csv/ (Click on "Custom CSV information" for more information.

[Andreas_CoinTracking]

@pionex
Renaming of a ticker is described here: "Entering / Editing Renamed or Re-branded Coins (e.g. ANS and NEO)" https://cointracking.freshdesk.com/a/solutions/articles/29000018053-entering-editing-renamed-or-re-branded-coins-e-g-ans-and-neo-/en
And custom price set is described here: "Entering ICO Coins and Non Listed Assets" (https://cointracking.freshdesk.com/a/solutions/articles/29000007203-entering-ico-coins-and-non-listed-assets/en)

[atkins69]

Hello,

this is my first time here and I have a question about Cointracking, maybe someone can help me.

When I generate the Tax Report there are some values missing or not entered under the right exchange.

For example I have coins that if I check in "Balance by Exchange" in Cointracking, they are correctly placed in my Ledger Live.

But when I export the Tax Report, in the last page under "Holding summary by incoming exchange", it doesn't insert these coins under the exchange "Ledger Live" but they are placed under other exchanges, (Ledger live is not even mentioned).

If they are placed correctly in "Balance by Exchange" on Cointracking, why do they change in the Tax Report?

Thanks in advance

A.

[Andreas_CoinTracking]

@atkins69
Then transactions are missing or wrongly added. Please validate your account as described here: How to validate my account? (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)