Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
Hello all,
I've just started mining and using CoinTracking recently (This is my first day of using CT, to be honest) . I did a "test run" of mining a few cents of an altcoin, paying it out to an exchange and then selling it for LTC. What would I write in Cointracking to document that I sold the altcoin that I mined and received an 'x' amount of Litecoin in return? I tried a few different Google searches to hunt down an answer before I posted here but I hit a dead end. I appreciate any help
Thank you!
I've just started mining and using CoinTracking recently (This is my first day of using CT, to be honest) . I did a "test run" of mining a few cents of an altcoin, paying it out to an exchange and then selling it for LTC. What would I write in Cointracking to document that I sold the altcoin that I mined and received an 'x' amount of Litecoin in return? I tried a few different Google searches to hunt down an answer before I posted here but I hit a dead end. I appreciate any help
Thank you!
Assuming your mined coins are already entered into CT, under "Enter Coins" you can enter a Trade of 'x amount of altcoin' to 'y amount of Litecoin'. If you used an exchange that is supported, use the "Exchange Imports" options. If not, use the "Overview and Manual Import" option.
I have a feature request to put in front of the team:
Have you ever considered creating an iOS and Android app that syncs with our CT accounts and allows us to see gains and losses on a mobile device? Several apps do already exist that do this, but I think this would be extremely useful since all of our trade information is already in CT and it would be another selling point for the product. Thanks!