Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
greentea
on 04/02/2019, 16:46:50 UTC
can something like this be implemented in the future?

It is a way to 0 out coin balances when receiving referrals from binance or the like.

When sold, cost basis is assumed 0, which is fine, but it produces a negative amount for the overall balance...

https://hackernoon.com/handling-binance-referrals-for-tax-purposes-on-beartax-4fb29fdb96da
Hi greentea,
The problem is: how shall the software recognize that it is a referral commission if you sell coins that are not there?
Referral commissions are not provided through the CSV or the API. They must be entered manually. You can find the information at: https://www.binance.com/invite.html
If you enter these inputs as "Gift", the software will also not calculate a gain on a sale.
I hope it helps.

I understand that, regardless on whether it is a gain or gift, I was mainly looking for a way once these are sold to have the balances equal out and not have negative balances. 

So when the software recognizes a coin sold with no input, it allows you to tag it whatever way, and zero out the balance once sold to have a more accurate looking portfolio instead of negative balances.