Bitcoin Forum
June 29, 2024, 01:50:35 PM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.0
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Economy
>
Economics
>
Tax: CoinTracker.info, Bitcoin.tax, or ?
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: Tax: CoinTracker.info, Bitcoin.tax, or ? (Read 114 times)
Convington
(OP)
Newbie
Offline
Activity: 68
Merit: 0
Tax: CoinTracker.info, Bitcoin.tax, or ?
March 15, 2018, 01:25:47 PM
#1
Hey guys,
I have and use CoinTracker.info and do a decent amount of trading (I think 5000 trades in 2017). I ran the tax report on there and I really have a difficult time believing what it is spitting out. I'm not saying it's wrong, but there is no way I profited as much as it shows. I have done quick calculations based upon my trades and it doesn't really reflect that well.
Is Bitcoin.tax better, worse?
Is there something else better?
Or should I just import everything into Excel and do it myself??
I know these types of topics have been covered, but I haven't seen or come across any comparisons that talk about accuracy.
Thanks!
jmlona
Member
Offline
Activity: 279
Merit: 16
⇾
Re: Tax: CoinTracker.info, Bitcoin.tax, or ?
March 15, 2018, 03:10:44 PM
#2
My personal opinion is that you should always do it yourself to verify the results. For whatever reasons I would not trust something that tracks it for me. The easiest calculation is money out - money in. Then you just have to account for that amount and hope it matches up when you tally all of your trades.
I do not know what country you are in but the tax rules are different everywhere and that's another reason I think it's best to calculate things yourself, that way you can calculate based on what purpose you need.
CRYPT
FUNDER.IO
▼ Disruptive Funding for Startup ICOs
Join Our ICO Now
! ≡
Whitepaper
|
One Pager
Twitter
Facebook
Youtube
Medium
Telegram
ANN Thread
Convington
(OP)
Newbie
Offline
Activity: 68
Merit: 0
Re: Tax: CoinTracker.info, Bitcoin.tax, or ?
March 19, 2018, 10:22:27 PM
#3
Probably true. I guess I'll have to do a bit more work. 5000+ is a lot of trades to work with. And moving BTC > Altcoins and back is problematic.
onnz423
Hero Member
Offline
Activity: 840
Merit: 508
Make winning bets on sports with Sportsbet.io!
Re: Tax: CoinTracker.info, Bitcoin.tax, or ?
March 19, 2018, 10:34:48 PM
#4
Step 1. Convert to Monero
Step 2. Sell for Cash
Step 3.
All jokes aside. It would probably be best to manually verify all of the transactions if the total cointracker is giving you, vs your own estimates are massively out of line.
Don't forget to include transaction fee losses, these were quite significant last year.
▄▄██████▄▄
████████████
███▄▄
██████████████
▀▀▀██▄
████████████████
▀██▄
████████████████
▀██
▐
██████████████
██▌
██
████████████
▐██
██▌
▀▀██████▀▀
▐██
▐██ ██▌
██▄ ▄██
▀██▄ ▄██▀
▀██▄▄▄ ▄▄▄██▀
▀▀█████████▀▀
.
Sportsbet
.
io
.
F U N
|
F A S T
|
F A I R
█
█
█
█
█
█
███████████████████████████
████████▀▀ ▀▀████████
█████▀ ▄ ▀███▀ ▄ ▀█████
████ ▄████▄ ▀ ▄████▄ ████
███ ▄ ▀███▀ ▄ ▀███▀ ▄ ███
██ ▄██ ▀▀ ▄███▄ ▀▀ ██▄ ██
██ █▀ ▄█ ███████ █▄ ▀█ ██
██ ▄███▄ █████ ▄███▄ ██
███ ████▀ ▄▄▄▄▄ ▀████ ███
████ ▀ ▄ ▀█████▀ ▄ ▀ ████
█████▄ ▀▀▄ ███ ▄▀▀ ▄█████
████████▄▄ ▄▄████████
███████████████████████████
WORLD CUP
2 0 1 8
YOUR ROAD TO GLORY
#YRTG
│
DAILY CASINO
PROMOS
│
.
SPORTSBET.TV
│
█
█
█
█
█
█
█▀▀
█
█
█
█
█
█
█
█
█
█
█
█▄▄
...
OUTRIGHT BET
...
WIN
UP TO x7
YOUR STAKE!
▀▀█
█
█
█
█
█
█
█
█
█
█
█
▄▄█
█▀▀
█
█
█
█
█
█
█
█
█
█
█
█▄▄
.
WELCOME OFFER
.
ODDS OF
50.00
EVERYDAY
▀▀█
█
█
█
█
█
█
█
█
█
█
█
▄▄█
Pages: [
1
]
Print
Bitcoin Forum
>
Economy
>
Economics
>
Tax: CoinTracker.info, Bitcoin.tax, or ?
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...