Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
Strovu
on 11/04/2018, 19:07:21 UTC
Hi,

I just bought a 2 years Pro upgrade for Cointracking.

Look like the best out there to track all those trades with all the coins and exchanges but still need some improvements in the import process it seems.

I just spent 2 days trying to figure out why my balance are not like they should. One thing I suspect is that when importing from the exchange, Cointracking sometimes include the fee in the cost amount (like for Coinbase) and sometimes not (like for Bitstamp).

I could balance Coinbase but now I am trying to balance Bitstamp. On bitstamp my XRP are ok, but my BTC are not (fees for XRP are in USD but fees for BTC are in BTC). I have a 0.05 balance on Bitstamp but Cointracking show me a 0.03958308 BTC balance. So some are missing. I am suspecting problems with the Fees. I just imported the .csv from bitstamp (Export ALL).

Also I saw this on the cointracking doc: https://cointracking.freshdesk.com/en/support/solutions/articles/29000018276-missing-fees-in-the-tax-report
"Missing Fees in the Tax-Report Modified on: Thu, 11 Jan, 2018 at 3:12 PM At the moment, the fee values are not deducted from your gains in the Tax-Report. You can easily find them on the "Trading Fees" page and subtract them yourself from your total gains."

I don't understand that one, since the Fees are supposed to always be included in the cost of each trade (see: "Please note that the purchase and sale values displayed on CoinTracking already include all fees. (https://cointracking.freshdesk.com/en/support/solutions/articles/29000007202-entering-fees)")
So if the fees are included in the purchase price, the gain or lost would automatically take account of those right? If we do like they say and substract all the fee from the total gain result of the tax report we would be substracting them twice no???