Post
Topic
Board Service Announcements (Altcoins)
Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies
by
St.Stephan
on 02/04/2022, 15:30:05 UTC
Hi Andreas. That method did not work. The staking rewards got carried through with a cost basis from the transaction date, even though i labeled them income. So they did not aquire their true cost basis (zero) to carry forward in the system.

In your guide here, https://cointracking.freshdesk.com/en/support/solutions/articles/29000040107-how-to-track-staking-claiming-yield-farming-minting-

Would it work to assign manually a cost basis of zero to the staking reward (BUY) of .1 CRO.  shown in this picuture.   Then, in the subsequent withdrawal of 10.1 CRO that zero cost basis of the .1 CRO would be averaged into  the new cost basis of the 10.1 CRO?



Thanks
Chas




Thanks Andreas. I will try this and let you know if i run into issues.

@Chas
Yes this sounds good even if I do not fully understand the crv/cvx crvcvx topic here.
Convert sounds to me like a trade. If your country is not affected by the 10 year rule you do not need to use "staking" as trade group to separate the pools.
@atkins69
You are welcome.