Quote from: infojunkiePHD on February 06, 2018, 05:31:35 PM

Quote from: undersun1 on February 06, 2018, 05:22:16 PM

I have about 30 of these warning messages, which correspond to 30 BTC payments I have received in my Coinbase account from other Coinbase customers (and also for the $10 referral fee paid in BTC I receive for referring customers).

So when someone pays me through Coinbase (in BTC) this transaction just shows as a "Deposit" as it should - Then, there is a corresponding "Withdrawal" transaction and another "Deposit" transaction as I send it to my GDAX trading account. Now, all these transactions show up with NO cost basis (because there is NO trade associated with them), so the cointracking.info software gives me a "Warning" message in the "Capital Gains" report that says "There is no suitable purchase for this sale" and assumes a $0 USD cost basis. I have tried adding trades, but the message still persists. Does anyone know how to handle this type of transaction?

Here are the warnings the capital gains report:

Amount Currency Date Acquired Date Sold Short Term Gain/Long Term Gain Buy Input Sell Input Proceeeds / Cost Basis / Gain in USD
0.00660200   BTC   04.12.2017   04.12.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   74.76   0.00   74.76
0.01079998   BTC   26.11.2017   26.11.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   100.83   0.00   100.83
0.01450300   BTC   25.04.2017   25.04.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   18.49   0.00   18.49
0.02220600   BTC   23.06.2017   23.06.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   60.09   0.00   60.09
0.02250300   BTC   03.10.2017   03.10.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   95.62   0.00   95.62
0.02394883   BTC   12.09.2017   12.09.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   99.49   0.00   99.49
0.04000000   BTC   04.01.2017   04.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   45.60   0.00   45.60
0.04128600   BTC   20.06.2017   20.06.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   113.95   0.00   113.95
0.04266892   BTC   06.04.2017   06.04.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   51.12   0.00   51.12
0.04562400   BTC   25.05.2017   25.05.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)   __   GDAX   110.29   0.00   110.29
0.05077098   BTC   19.05.2017   19.05.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   98.11   0.00   98.11
0.05527600   BTC   15.01.2017   15.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   46.36   0.00   46.36
0.05816800   BTC   17.07.2017   17.07.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   120.59   0.00   120.59
0.06475708   BTC   17.04.2017   17.04.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   76.11   0.00   76.11
0.06492337   BTC   18.09.2017   18.09.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   259.11   0.00   259.11
0.07474800   BTC   18.02.2017   18.02.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   78.96   0.00   78.96
0.08209100   BTC   24.02.2017   24.02.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   98.21   0.00   98.21
0.08527500   BTC   09.01.2017   09.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   77.34   0.00   77.34
0.09460000   BTC   20.02.2017   20.02.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   100.38   0.00   100.38
0.09590900   BTC   28.02.2017   28.02.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   114.42   0.00   114.42
0.09602300   BTC   28.03.2017   28.03.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   99.64   0.00   99.64
0.09688723   BTC   13.01.2017   13.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   80.67   0.00   80.67
0.11589227   BTC   19.04.2017   19.04.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   139.25   0.00   139.25
0.12500000   BTC   16.01.2017   16.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   104.93   0.00   104.93
0.33252100   BTC   31.01.2017   31.01.2017   There is no suitable purchase to this sale. Assuming purchase on the same day for 0 USD. Short (Warning)      GDAX   311.24   0.00   311.24

If people are paying you, it's income. AFAIK you need to edit the initial 'deposits' to 'income'

I think you are right - I changed each GDAX deposit to "[In] Income" and the warnings are now GONE. Now I just need to figure out how to reconcile this mess with the 1099K I received from GDAX. I know I have to to fill out Form 8949 (Sales and Other Dispositions of Capital Assets) with the information provided by cointracking.info, and that will go on my Schedule D. But where do I reconcile the 1099K? Will that go on a Schedule C?

undersun1

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