Cointracker cost basis wrong
 missing cost basis and/or proceeds)
Web253 people have already reviewed CoinTracker. Read about their experiences and share your own! Read 21-40 Reviews out of 239 ... Absolute filth. Totally screwed up my TurboTax. All cost basis is wrong and the only way to fix it is to go through each of the 500 transactions and correct manually.....on TurboTax's SLOW platform. Do not even mess ... If you have ignored transactions, it is possible they are skewing the calculations on your account. Ignoring past transactions, even if small, can significantly impact calculations on your account. Check your ignored transactionsand ensure you have good reasons for it. See more You must enter your 100% complete cryptocurrency history across all exchanges, off-exchange wallets (e.g. cold/hardware/local wallets), coins/tokens, ICOs, trades, DeFi, … See more If you have added any manual transactions (or marked any transactions as transfers), you will see a list of these manual transactions that are uncategorized at the bottom of the walletspage. If you … See more Outgoing (send) transactions are treated as taxable sends to a third party. Without the receiving wallet, CoinTracker cannot distinguish a transfer to your wallet from a sale to a third party wallet, so to be conservative with tax … See more If you used Coinbase Pro, make sure to connect both Coinbase andCoinbase Pro to CoinTracker (even if you never used Coinbase consumer). Coinbase's infrastructure is … See more
Cointracker cost basis wrong
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WebFeb 17, 2024 · Cointracker's cost basis calculation is WAY WAY off. It's not even close to what it should be. Cointracker also does not deduct Coinbase Pro's exchange fees (which are tax deductible). For me on 5 trades, Cointracker's calculations were off by >120%! If i had not of noticed the lines not equaling each other as well as not matching my Coinbase ... WebCoinTracker is the most trusted Bitcoin tax software and crypto portfolio manager. Automatically connect Coinbase, Binance, and all other exchanges & wallets. ... CoinTracker automatically optimizes cost basis accounting methods and enables you to tax-loss harvest your portfolio to save thousands per year. Additional visibility into tax lots ...
Web1. transfer to selling wallet, cost basis not. C. CT-eqG5v2vX. I minted a bunch of Playboy Rabbitar tokens in 2024 at .1957 ETH ( ETH about $3500). The Cost basis is easily … WebDirect from Coinbase website is the following: Cost basis = Purchase price (or price acquired) + Purchase fees I can see where for some transactions I can update the cost …
WebIt would say the cost basis is 100 dollars per coin instead of 95 dollars. To get the correct cost basis, you have to manually go back and subtract the transaction fee from the total paid and put this new amount (ex. 950 dollars in the example above) in the total paid box to get the correct cost basis. WebJan 23, 2024 · The new Coinbase csv headers are: The headers your (TurboTax) csv parser requires are: Currency Name Purchase Date Cost Basis Date Sold Proceeds 2.) The directions your staff responds to all customers on this feed are not up-to-date. This one --> FIX IT!! How do I get a CSV file from Coinbase? - TurboTax
WebFeb 11, 2024 · Cointracker is badly miscalculating my cost basis/gains for multiple major coins. For example, it's claiming my cost basis for ETH is $57,760.20 per ETH which is …
WebAug 4, 2024 · If you only invest in 1 cryptocurrency like Bitcoin then you can track key metrics like total holdings, cost basis, and all-time return for free. How much Does Cointracker Cost? Cointracker is 100% free to sign … hamster play squid gameWebConsidering I had a $3300 loss, this was obviously wrong. Second - I tried to directly import from Coinbase by having TurboTax login to my Coinbase account and pull the data out. It did so successfully. My tax owed dropped about $300. But MANY entries are marked with orange as NEED REVIEW. Those entries are all lacking a Cost Basis! hamster playground demoWebCoinTracker is treating certain types of transactions, such as transfers, DeFi, or NFTs, incorrectly (i.e., illiquid staking, unmatched transfers, unsupported tokens such as new ERC standards, etc.). Asset quantities with a lot of decimal points … hamster playground logoWebMar 22, 2024 · Turns out I needed to buy an upgrade of CoinTracker. Once that was paid, then the additional Tax Report section opened up as shown in the listed support link. 0 2 2,476 Reply. Cynthiad66. ... Cost Basis; Currency Name; All transactions imported and I was able to check off the ones that are not taxable (such as your rewards) so as to not … hamster play matWebMay 4, 2024 · Waste of money with CoinTracker! Negative: Their ticket SLA time is horrendous. The cost basis was incorrect for all of my purchases. A few times it even had the direction of the purchase in the wrong sign too FFS. Name: Travis H. Job Title: Crypto trader Length of product use: Less than 6 months Used How Often?: Daily Role: User hamster plush amazonWebApr 10, 2024 · Did anyone have issues with cointracker giving you incorrect cost basis information? I’ve been ripping hair out the last two days trying to fix these taxes. 10 Apr 2024 19:58:36 hamster placesWebApr 4, 2024 · CoinTracker supports all the top exchanges, wallets, and over 2,500 cryptocurrencies. CoinTracker calculates your cost basis and capital gains. Save hours of work with one of our tax plans, or download your … bury lifestyle