Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
rdnkjdi
on 04/02/2022, 15:18:46 UTC
Hello again! I am having an issue with my tax bill being much higher than anticipated ( Undecided). I think this may have to do with how sales are accounted for. My actual average buy for Solana is $35ish but on this report it's saying it is $$94.

I am trying to understand how the program is doing it's accounting and how to split my funds into different accounts. I purchased 10,000 Solana that I staked and never moved. With that additional 1,500 Solana I moved around and traded. It feels like the program isn't keeping those accounts separate and ultimately raising the price of my purchased Solana when it should be going off of the 1,500 being traded back and forth (I've tried last in / first out & optimized calculation).

What are some good reports to see the breakdown (I anticipated about 1/2 of the capital gains I am seeing.). Would it help to earmark 10,000 Solana into a "staking" group & the other into a "trading" group - does the program require that?