Include transaction fees in cost basis
Cost basis for USA should include fees incurred to buy AND sell the cryptocurrency. Cointracker Tax Center does not always include these fees in the cost basis. Nor does it consistently deduct fees from the proceeds of a sale. This means transactions have to be manually edited to reflect the true capital gains. This shortcoming really diminishes the value of this product.
Incorporate net futures gains into tax reports
8949 Capital Gains CSV Tax Integration files Per the Margin Trading Tax Guide, margin trades should be incorporated into 8949 and schedule D. Description of property = underlying asset (e.g. BTC, ETH, etc.) Date acquired = date position opened Date sold = date position closed Proceeds = PnL Cost or other basis = $0.00 Gain = PnL Note: it's fine if the PnL is negative We should still show the net gain/loss amount separately on Net Futures Gain line on the tax page, but can combine it for the net total on the dashboard. "Margin" tagged transactions should basically be in their own cost basis queue and excluded from capital gains calculation (can use the same logic as we have for Kraken/BitMEX)/ Also should add a disclaimer somewhere: margin trading incorporated into 8949 and schedule D per margin trading tax guide. This does not support traders making 475(f) elections, Section 1256 contracts, and other advanced tax elections. Consult a tax advisor to see how this may apply to your specific tax situation.
Any country Taxes?
I need to know if Cointracker works for tax calculation for any country with their own rules? I´m from Chile, works here?
Add 'Rewards' tag for credit card crypto cashback
Cards like BlockFi ( https://blockfi.com/credit-card/ ) offer rewards in crypto. To track this accurately we should have a separate 'Reward' tag to count the payments as 'other income'.
Australian tax year should be +1 year
According to Wikipedia : In Australia, a fiscal year is commonly called a "financial year" (FY) and starts on 1 July and ends on the next 30 June. Financial years are designated by the calendar year of the second half of the period. For example, financial year 2017 is the 12-month period ending on 30 June 2017 and can be referred to as FY2016/17. CoinTracker currently treats the first half of the period as the tax year. We should change this to avoid any confusion for users.
Show year-end balance by wallet & crypto
Some jurisdictions (e.g. Switzerland, Liechtenstein, The Netherlands, Norway (for wealth tax), Australia) require a detailed breakdown of cryptocurrency holding by wallet and exchange at year-end for filing taxes correctly.
Show tax lots
Show how cost basis calculations are made. Date acquired for each lot Holding period for each lot (short/long term) Cost basis of each lot Unrealized gain of each lot
Lock transaction history
Ability to lock a particular transaction (or set of transactions) so that they don't change in the future (e.g. even if API is broken, price history changes, etc. — lock in transaction state as is).