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

[Andreas_CoinTracking]

Updates and Improvements

API
- New Importer: WooX, Bitvavo by Hyphe
- Bitget (new transaction types supported & improved)
- Coinbase (Rewards & Staking improved)
- Bybit (custom exchange name possible)
- BitMEX (funding fee supported, custom exchange name possible)
- Kraken Futures (fees improved)
- Bitso (API error message solved)
- Kraken (API error message solved)
- coinbase (staking and deposits, API error message solved)
- crypto.com Exchange (fees and currency ticker improved)
- Bitfinex (transaction types improved)

CSV
- New Importer: Blink, WooX
- BingX (Funding fee and new transaction types supported)
- Bitvavo (new transaction types supported)
- Coinbase (fees, Advanced Trades & deposits improved)
- KuCoin (fees improved, new file formats supported)
- Ledger (new transaction type supported)
- BingX (fees and transaction types improved, new file formats imported)
- OKX (new transaction types supported and improved)
- CoinEx (new transaction types supported and improved)
- Kraken Futures (fees improved)
- Coinsnap (new format supported)
- Binance US (convert improved)
- crypto.com Exchange (fees and currency ticker improved)
- Wirex (new format supported)
- Exodus (new transaction types supported)
- Bitvavo by Hyphe (additional transaction types supported)
- Bison (transactions improved)
- Bitfinex (new transaction types supported)
- Swyftx (new format supported)

Blockchain
- New Importer: Thorchain (RUNE), SUI, The Open Network (TON), Gnosis (XDAI)
- Improvements: XLM - more addresses supported, ETH - Curve Tracking improved, Polygon - ERC-1155 NFTs supported, Solana - fees and transactions improved, Arbitrum - new LP protocol supported, AVAX - LP protocol improved, Ethereum - NFT & LP transactions improved, Cosmos - additional transactions imported (see FAQ "My blockchain transactions are not imported correctly. Why?")

Other
- Several Ticker updates for correct assignments, price histories and logos
- Improvements of tax reports (AT: AVCO with depot separation after 01.02.2021, GE: new capital gains settings added, Portugal: new Tax Report released)

We appreciate all the feedback we've received and have already sent individual notifications to those who provided it. Thank you for your valuable input!

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

[MartiniBlanco]

Hey,

can you please add the following token ticker to the CoinTracking software:

https://www.coingecko.com/en/coins/usual/

Just claimed my airdrop this morning, wanna add it to my portfolio now. Thanks.

[Andreas_CoinTracking]

It is already there searchable via contract ID: https://cointracking.info/coin_charts.php?cur=USD0

[MartiniBlanco]

It is already there searchable via contract ID: https://cointracking.info/coin_charts.php?cur=USD0

There is a difference. USD0 is a stablecoin on USUAL, check out the links below:

USD0: https://www.coingecko.com/en/coins/usual-usd
USUAL: https://www.coingecko.com/en/coins/usual

[Andreas_CoinTracking]

Our main source Coinmarketcap had issues - now both coins are there:
https://cointracking.info/coin_charts.php?cur=USUAL
https://cointracking.info/coin_charts.php?cur=USD0

[greentea]

US released new guidance for tax purposes with deadline of Jan 1,2025 
Thanks for your reply!

does cointracking have wallet based tracking as discussed here:
https://support.koinly.io/en/articles/10289123-migrating-to-wallet-based-cost-tracking-under-new-irs-guidance-usa-only

is that the same as depot separation feature?

if we have not used this feature and turn it on, will it affect previous accounting/tax reports?

one last question, what is the easiest way to get all my cost-basis for my current holdings?

[Andreas_CoinTracking]

Yes, this is exactly what depot separation is about.
No, it will not affect previous reports. But you should go through all ValiChecks as shown here: "How to validate my account?" (https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en)
Here you can find the cost per unit on the gains page - and a depot separation filter is available besides others as well: https://cointracking.info/gains.php

[greentea]

Here you can find the cost per unit on the gains page - and a depot separation filter is available besides others as well: https://cointracking.info/gains.php

I see the cost per unit, but it is still just 1 number?

for example if I have 10 ETH it shows cost per unit of $2000

But I need to see the dates with the cost basis of each group how many coins and when I bought like below

3/10/2018 - 3 ETH - $1000
5/5/2020   - 2 ETH - $1500
7/10/2023 - 5 ETH - $2800
=================
                   10 ETH - cost per unit $2000

[Andreas_CoinTracking]

This is the average number on the gains page.

Please check our FAQ regarding this new IRS procedure - everything is shown there: Navigating IRS Revenue Procedure 2024-28 ("https://cointracking.freshdesk.com/en/support/solutions/articles/29000047958-navigating-irs-revenue-procedure-2024-28")
Those cost base details are included in the Reallocation report.

[rasman]

I'm a CT user. I noticed that Koinly tries to match transfers between accounts.  Does CT automatically do this (particularly if importing with csv's)?

[Andreas_CoinTracking]

A transfer need a withdrawal at exchange/wallet A and a separate deposit transaction at exchange/wallet B. See transaction types FAQ: https://cointracking.freshdesk.com/en/support/solutions/articles/29000042783
We match them but show e.g. if one of those transaction of the pair is missing here: https://cointracking.info/missing_transactions.php

[peterdiddel]

I have a question that I couldn't answer using the FAQ/Documentation.

Example 1: I want to make a custom token with price $1. e.g. an obscure stablecoin or vault that CT doesn't support.
Example 2: I want to make a custom token with price $0.01, e.g. because I bought an ICO where the token is not yet listed anywhere.

Right now, when I do that, the price seems to be initially denominated in BTC. So even if I set currency = USD and price = 1, if BTC goes up 10%, that custom coin will be worth $1.1.


Is that observation correct, and if yes, how do I prevent that?

[Andreas_CoinTracking]

Yes that is correct. Everything is calculated in BTC regarding custom price in the background. There is nothing you can do about it.

[peterdiddel]

Thanks! Another question I have:

I am trying to reconcile my balances right now, and the different reports inside Cointracking are giving me slightly different portfolio amounts/values.

I am speaking primarily about
1) the "realized and unrealized gains" page, when I filter time until 31.12.2024 and 23:59:59
2) the "closing positions report" generated as part of my 2024 tax report.

What is the difference in how these two are calculated, and which is "correct"?

Bonus question:
the "balance by day" report will give yet different results, but I have already found it sets the price of some token to zero that shouldn't be. Why is that?

Thanks a lot for the help! 

[Andreas_CoinTracking]

All of them are correct (but all have different filters and therefor different purposes), if you added your transactions correctly. Please check first for warnings/errors on the validation check reports: https://cointracking.freshdesk.com/a/solutions/articles/29000035339?lang=en

Please check this article how to find the correct ticker and adjust your transactions then: https://cointracking.freshdesk.com/en/support/solutions/articles/29000047919-how-to-identify-the-correct-ticker-in-cointracking

[peterdiddel]

Yup, I'm roughly aware of all the ways to validate my account. I have a few tens of thousands of transactions in my account and have invested a lot of time (probably hundreds of hours lfetime) into maintaining a clean database in CT. I only now discovered the forum so looking at this as an opportunity to answer some long-standing questions.

Balance Check: have very minor differences in only a few accounts
Missing transactions: same
Duplicate transactions: none
Vaidate transactions: none
Flow Report: some minor imbalances

I'm a very experienced user and I would love to understand how the different reports relate together, what exactly they filter, and what type of error would cause a delta between which reports.

For example, taking the simple "account balance on a certain day". Would it be possible to give me an example of a mistake that would cause the "realized and unrealized gains" account value and the "closing positions" account value for the same moment in time to diverge? Then I could better look for these mistakes in my database.

Really appreciate it  

[Andreas_CoinTracking]

If you have warnings/errors on the Validation reports then of course you have issues in other reports.
I cannot tell you more generic things about it without not seeing your account. If needed you can send a ticket/E-Mail to our support address support@cointracking.info mentioning your account name and the details.

[theratears]

Is it possible to "bulk" mark as spam from the main transactions screen? i would like to highlight multiple transactions and mark them all as spam

[Andreas_CoinTracking]

Not yet, but we have that on our list. Thank you for your patience.

[Andreas_CoinTracking]

Updates and Improvements

API
- Bybit (more trades supported)
- Bitfinex (more transactions supported)
- Bitpanda (Leverage Trades improved)
- WooX (Import improved)
- Kraken (new transaction types supported)
- Bitmex (new cash & conversion transaction types supported)
- Gate.io (GT fee improved)
- Coinbase (rewards improved)

CSV
- New Importer: Hyperliquid
- Coinbase (staking, ETH2, rebates and trades improved)
- Bison (staking improved)
- Ledger Live (failed transactions skipped)
- Bitget (new file format supported, Futures PnL improved)
- MEXC (new file format supported)
- KuCoin (Bot Trade file format & Convert market transactions supported)
- Bitpanda (Leverage Trades, deposits and deposit fees improved)
- Pocket Bitcoin (new transaction type supported)
- VeraWallet (more transaction types supported)
- Gate.io (new file format supported)
- BingX (more transaction types supported)
- Binance (Strategy, C2C Transfer transactions supported)
- Pionex (Import improved)
- Exodus (custom exchange name added)
- CoinEx (new Futures file format supported, fees improved)
- Blockchain.com (new DEFI wallet format supported)
- OneTrading (withdrawal fee added)
- Kraken (new transaction types supported)
- OKX (new date format supported)
- Bybit (trades improved)

Blockchain
- Improvements: SUI - more addresses supported and transaction import improved, AVAC-C - Token import improved, Pulsechain - new explorer & pHEX, Trades and Piteas DEX transactions improved, TerraClassic - transaction import improved, Osmosis - transaction import improved (fees, rewards, staking, DEX), EGLD - transaction import improved, BASE - Liquidity Pool transactions and AAVE DefiSaver supported, TRX - spam option added, DOGE - xpub supported (see FAQ "My blockchain transactions are not imported correctly. Why?")

Other
- Several Ticker updates for correct assignments, price histories and logos
- Improvements of tax reports (GE: 20k loss limit to Capital gains deactivated by default, US: Reallocation Report added, AT: ATM Airdrop improved)
- New App versions with several improvements
- Coin Trends page - Search options extended

We appreciate all the feedback we've received and have already sent individual notifications to those who provided it. Thank you for your valuable input!

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