Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
I just tested cointracker and i think it's a pretty awsome piece of work when it comes to cointracking and taxes. Thank you very much, i'm really thinking about going Pro when i figured out the last little tricks 
Currently i'm sturggling on how to correctly enter future trades in a manner where they correctly get processed for the tax report.
Example 1 How would i enter a okc quaterlies long trade with 10x leverage
Day 1
open long position of 100BTC leveraged 10x (using 10BTC of my balance)
Day 2
close long with P/L of lets say 2BTC
Example 2 How would i enter a okc quaterlies short trade with 10x leverage
Day 1
open short position of 100BTC leveraged 10x (using 10BTC of my balance)
Day 2
close short with P/L of lets say 2BTC
With the short i'm selling BTC that i didnt buy prior to the trade, resulting in cointracker complaining that my balance is messed up at that trade.
Currently i'm sturggling on how to correctly enter future trades in a manner where they correctly get processed for the tax report.
Example 1 How would i enter a okc quaterlies long trade with 10x leverage
Day 1
open long position of 100BTC leveraged 10x (using 10BTC of my balance)
Day 2
close long with P/L of lets say 2BTC
Example 2 How would i enter a okc quaterlies short trade with 10x leverage
Day 1
open short position of 100BTC leveraged 10x (using 10BTC of my balance)
Day 2
close short with P/L of lets say 2BTC
With the short i'm selling BTC that i didnt buy prior to the trade, resulting in cointracker complaining that my balance is messed up at that trade.
Hi @lofydf,
thanks for your question.
You are right, you have margin trades in your account before you even bought the Cryptocurrency.
Because of these circumstances you have warnings coming up. Currently there is no solution for CT to show running margin trades.
We are currently working on a method, so this becomes easier to handle and more efficient. This could probably take a few weeks to implement.
Over the next time we try to integrate more tools especially to make everything easier for traders.
Please be patient while we are working on a solution. Thank you very much.
Best regards,
Keven