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.

Hi Andreas

I have read the faq and docs on tracking staking - but since my sitiation involves restaking and compounding, I would like to confirm the step by step I came up with. Maybe if you can confirm or correct it will help others.

Lets say I intitially stake 10 cvxcrv on Convex, and earn 1 crv, 1 cvx, and 1 3crv as rewards. I want to restake and compound these rewards.

Step 1: Name Convex platform 'convex staking'. Deposit 10 crvcvx from 'my wallet'. Cost basis gets automatically assigned.

Step 2: Withdraw the rewards: 1 crv, 1 cvx, 1 3crv.  Assign catagory 'income'. This automatically gives them a cost basis of zero moving forward in the system. Correct?

Step 3; Convert the rewards back to cvxcrv and restake. Zero cost basis gets carried forward automaticvally into the conversion from step 2. Now I have 10 original crv in 'convex staking wallet', and 3 'new' crv now staking -   with two different cost basises.

Step 4: When I eventually stop staking and withdraw 14 cvxcrv to 'my wallet', all cost basis is correctly calculated already. I can  then sell those coins: 10 carrying  original cost basis, and the 3 coins from the second staking round having zero cost basis.

Does this work? Essentially just tracking profits, not staking and unstaking.

thanks

Chas

Hi Andreas

I guess you have an lot  of clients starting to stake CRV via crvCVX on Convex Finance. Staking rewards in CRV & CVX.  Is there a specific best way to track / import these staking rewards? Or is it completely manual?  Thanks!

Thanks Andreas. Merry xmas!

Thanks Andreas. If I understand correctly:

I manually import ONLY the card transactions, taken from the 'generate all' csv? That is delete everything except card transactions, and then import? That will play nice with my normal api job?

Hey guys - any way to keep track of purchase made with Binance Visa card? Each purchase creates a tax situation - must be a good way to do this?  Thanks.

How are you using this site to log in? I press virtual card and it asks for my "token" - what is that?

One of the best, wisest posts i have read in weeks.

Thanks for your reply. Situation is now solved. I simply kept changing ABC servers manually and restarting both wallets. After about two hours they suddenly each updated to the correct tallies and tx's.

It was a bit scary, because about 30 percent of the tx's in the Electrum wallets were missing from the Electron wallets, in a fashion that reduced the wallet balances to nearly zero.

I had four wallets and did the standard Electron procedure after moving my BTC to fresh electrum wallets.

Two wallets came up with accurate BCC balance. The other two - which were both over 1 year old, with longer transaction histories, came up with way less BCC than should be there. Many tx's missing - both red and black.

I have switched between ABC servers manually, but nothing helps.

Anyone had this happen?

The two "new" BTC versions of these wallets do  not have the tx history. Can I just create "version 3" of these wallets, and then import seeds from current version into Electron? Or should I move the BTC back into the original wallet and try again?

No, racism has not narrowed itself down to fit your narrative of it.

Honestly, I respect your trading posts. I think they are well written and show insight. But whatever politics you have, you would never trade them -  and your skin color -  for being a black person getting stopped by a white cop. Would you.

Hey Weiting, two questions:

1) I was really happy with Wage Can. But then you  really shafted all your Silver Card holders a few months ago - that card cost almost 100 dollars, and when you lost your provider, you did not refund the cost of your cancelled cards, or even offer free transition to new non-Wave Crest card. What are you doing if anything to fix that situation? Any plans to do right by your earlier customers?

2) Wave Crest is the provider of your Universal card? Are they also the provider of your Golden card?


OP  - thanks for your good work. Maybe consider adding in your new write up card provider - Wave Crest, etc?

Got the "trial" mail from EOS. No mention of being able to buy with BTC at ICO.  Anyone heard different, about either EOS or Status?

What a sad thing. Page after page of people looking for involvement from devs. MTP now 1 month late. And the devs - despite the 20% slice of the pie - cannot be bothered to interact with the community on a daily basis?

Shame on you.

Thanks for your continued efforts!!

Post the poll. Put the "community" in "Unity".

Wow, "buy wall" at 25.

Post the poll.

The assets of Unity could - and should - be sold to unwind Unity now that it is no longer a viable market traded product.

There is no need for supernet to become a "reality". Three years of hype with nothing to show speaks it all.

This is not "all you can do".  You can offer to follow a community decision on whether or not to sell off the Unity assets and refund Unity investors.