Coinbase Advanced Trade - Buy fees not included in cost basis
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Henry - CoinTracker
Coinbase Advanced Trade 'Buy' transactions sync through the standard Coinbase API.
Buys made on standard Coinbase include the fee as part of the cost basis for the asset purchased.
Advanced Trade 'Buy' fees are not included in the cost basis. The fee is listed but not used in the cost basis calculation.
With the fees not taken into account, capital gains calculations can be unexpectedly high. You can add the fee to the cost basis if you need your account to be more accurate immediately, but when the fix is rolled out any existing manual changes will make the account incorrect again. Manual changes will need to be undone, or you can remove and are-add the wallet, which deletes all manual edits for that wallet.
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Sam - CoinTracker
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This is resolved, users as of February should be seeing buy fee cost basis calculated correctly. Users can manually edit retro-active transactions affected by this bug using the following guide.
Thank you for your patience!
C
CT-0qojNllO
Why would tokens purchased at coinbase show zero for the cost basis?
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Ash
Merged in a post:
API Sync with Coinbase Advanced Trading
C
CT-gQ89B9nX
Coinbase has launched Advanced Trading on Coinbase with Coinbase Pro type fees - but these transactions are not part of the current API sync. Since these trades are typically at high volume / splits - need the API sync on Cointracker.
A
Account does not exist
Henry, to clariy, the trades (BTC "buys") were NOT made on the Coinbase Pro platform, but on thye basic Coinbase web site (not the mobile app). The basic Coinbase website allows "limit" trades, which ALL my trades were, except for my initial "buy" on March 1, 2022 using the Coinbase mobile app. If I go to the Coinbase Pro website, and attempt to download my acitivty, there is NONE. All acitivty I provided to you was downloaded from the Coinbase basic web site. ALL of my trades except that initial pruchase were made using "limits". But only selected trades failed to capture the cost of the BUYS. I've highlighted those transactions, which appear to be unique in some instances in that the "limit" buys for 0.01 BTC, were completed in multiple purchases at varying prices.
I've provided this detailed information on multiple occasions to your support, but no one seems to have any memory, and keeps asking for the details.
Art Minds