Quote from: scatterbug on Today at 10:49:59 AM

@danjacksonuk:

Reading through your examples I'm a bit confused because sometimes you say "$" but then mention USDT out of nowhere.
When you say "$" do you actually mean fiat USD?
Or are you exclusively talking about Tether (USDT)?

The only way your examples make sense to me is like this:
1. Deposit $10,000 (as in: Fiat USD) to an exchange which came from e.g. your bank account. => IN: $10,000
2. Buy $10,000 worth of Tether, which should ideally give you 10,000 USDT. => IN: 10,000 USDT; OUT: $10,000
3. Some time later you buy 4 ETH for a total of 8,000 Tether. => IN: 4 ETH; OUT: 8,000 USDT
4. Some time later you sell 2 ETH for a total of 10,000 Tether. => IN: 10,000 USDT; OUT: 2 ETH

Balances afterwards:

0 USD
2 ETH
12,000 USDT

Capital gains:

Sale of 8,000 USDT (to buy 4 ETH):
Sell value of $8,000 minus cost basis of $8,000 = $0 gain/loss
Sale of 2 ETH:
Sell value of $10,000 minus cost basis of $4,000 = $6,000 gain

Is there something in this example that you don't agree with or think should be displayed differently in the tracker?

Hi Scatterbug

I really appreciate your message. Sorry for the misunderstanding regarding FIAT/USDT but yes you have the scenario exactly right.

I actually am from England so initially I added GBP into my Binance account. I bought USDT with my GBP. Do i need to add a GBP to USDT trade to start off?

Looking at the cointracking help pages online and also the links Andreas sent in this thread it seems the recommended way to do it is to not have Deposits added to my Cointracking account. Is this right?

Quote

Capital gains:

Sale of 8,000 USDT (to buy 4 ETH):
Sell value of $8,000 minus cost basis of $8,000 = $0 gain/loss
Sale of 2 ETH:
Sell value of $10,000 minus cost basis of $4,000 = $6,000 gain

I've read this multiple times and still don't get it. Would I have to pay capital gains on my original investment. If so, seems a bit harsh and I'm guessing that's why cointracking doesn't recommend doing it this way.

Would you be open to me paying you to get to the bottom of this via private message?