Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
asdsvsdf
on 11/04/2021, 07:54:15 UTC
how do I ensure staking a coin and then selling it has tax properly accounted for if the token doesn't exist in CoinTracking.info?

For example, I have been receiving staking income from Bao.cx on XDai chain (https://blockscout.com/xdai/mainnet/tokens/0xe0d0b1DBbCF3dd5CAc67edaf9243863Fd70745DA/token-transfers) and immediately sell it for BAO (which IS on CoinTracking.info, https://etherscan.io/token/0x374cb8c27130e2c9e04f44303f3c8351b9de61c1) which should yield a small amount of 'realized gains' (because of the cost basis of Bao.cx being close to 1:1 with BAO), but since CoinTracking.info doesn't have Bao.cx supported my realized gain is massive (i.e. the entire proceeds of my trade) which ends up inflating my tax bill

Is there a way to fix this, or does CoinTracking.info need to import/support Bao.cx for me to properly have this reflected in tax reports? Is there a way for me to set a cost basis price for each staking entry (since I have multiple over the course of a couple of weeks)?