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Is there a section within the transaction list that makes this explicit? I'm confused.. I'm seeing "Sent to bitcoin address" for some external transactions to
by PKop 9y ago
Is there a section within the transaction list that makes this explicit? I'm confused..
I'm seeing "Sent to bitcoin address" for some external transactions to private wallet, but don't see a realized gain.
Just want to be clear: is my final tax amount tainted by not including any external wallets that I've transferred ALL of my purchased bitcoin to? I only added coinbase and bittrex.. I need to add my wallets also?
- chanfest22 9y agoYes, you'll need to add your full crypto trading history (e.g. fiat ---> crypto ---> crypto ---> fiat) across all wallets and exchanges in order to get accurate tax information. We have more information about how and why here: www.cointracker.io/faq#section-cost-basis www.cointracker.io/faq#section-tax
- oreo81 9y agoIt's important to realize that with crypto to crypto trades nothing of value is actually being exchanged yet, since that value can only be determined AFTER it's been sold for a tangible asset. So don't get scammed into thinking that you owe fiat money for crypto to crypto trades, its a ridiculous notion.