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Cost Basis Tracking Setting - Allow users in the US to change from Per Wallet to Universal
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CT-3qpowEpO
Updates should NEVER reflect a change to a user's previous tax calculations & returns filed based on the reporting your services provided UNLESS a user "opts in"!! Standard accounting principles and processes "lock" the closing date of work that has been reconciled and reported on! Changes are not allowed in most cases without consent and or unless double confirmed by the user that they know they are making changes that could affect previous reporting. Specifically to prevent the exact situation your update has now caused for everyone. ANYONE allowing this to happen is just ignorant or arrogant and should be fired! WE NEED OUTBOUND COMMUNICATIONS FROM MANAGEMENT!
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CT-EXmK5Rxq
I have also spent a significant amount of time manually correcting errors in prior years. All of that work has been nulled. Prior returns are also showing highly inaccurate numbers. Transfers from coinbase to cold wallet (pub key synced) are throwing errors even though CT has the Tx Id and i can see the data is absolutely correct on chain. It is unbelievable that CT pushed through this change right as tax season hits. Please add back the universal tracking for US residents.
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CT-BXabK9gO
This clearly doesn't make sense, messes up everyone's current AND previous tax filings, and is terribly timed. For what? So exchange forms perfectly match tax reports? If that was sufficient then this entire platform wouldn't be needed. Please revert back.
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CT-BXabpKVO
This change is causing a lot of unnecessary stress to me and likely others. The change is screwing up numbers for past returns as well as this years. I'm not sure why you guys thought it was a bright idea to roll this out right before tax season but I am asking you to please add the option for Universal cost basis tracking as soon as possible. My account is virtually unusable due to all the errors in it now since the update.
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CT-dQBeBBkq
I spent 100+ hours creating manual transactions and making sure my taxes were as accurate as possible.
However, this new update completely messed up my taxes. Please provide the option to switch back to the previous accounting method.
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CT-RXPB1nlq
The change to "Per Wallet" completely destroyed hours and hours of manual work put in to make sure everything was correct. I would literally need to start over, which, frankly, I'm not going to do. I will go with a different service. Please allow us to revert to Universal.
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CT-2qkR6Z2O
Please make universal cost basis available again.
This change is ridiculous and the timing of it pure idiotic. Why would you make this change mandatory in January knowing very well that everyone was doing tax loss harvesting for 2022.
I made my sales in December to show a loss for 2022 but now you’re going to cost me a fortune in taxes.
I’ll be reviewing Koinly’s take on this universal wallets because this is absolute crap.
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CT-Nq0zYo3X
I also have several years of transactions. Most required manual intervention to make the correct tax impact. This change to "per wallet" has totally screwed up several years of transactions. And it would take months to correct. And I'm not sure I could do it all correctly again. This needs to be moved back to "Universal".
I also have another issue that surfaced recently. My tranacations now have mutli entries for the same trasnaction. Some of them 10x for what should be 1 transaction. This is on Cardano wallets and is over several years. I have sent in a request and they said they see the issue, but there is no correction. So again, I need to go back into my prior years and go line by line to eliminate the dulicates and hope that I do it right. This is very frustrating and time consuming. Please have someone fix this laso and RESPOND to the issue. Having silence aafter an issue is raised is no way to run a business.
Thank you.
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CT-3qpowEpO
Yes, please add the option to revert to previous settings. I and many others have already filed past tax returns based on Universal. Forcing each of us to use the Per wallet will put our past returns out of sync with this years returns, or we will have to amend previous returns. This is a decision that you should allow your users to make regardless of if the per wallet will align better with what exchanges send out. This feature needs to be added YESTERDAY!!.
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CT-DX5DPwzQ
Please revert back to universal asap. I have my accountants waiting on the numbers and it is costing me for any delays.
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