Tax Report Errors
in CoinTracking?
The report calculates with what was imported. TX-Partner corrects the data underneath.
30 minutes · Consultation and quote free
Robert & Johannes · personally review your data
The 3 Most Common Causes of Faulty CoinTracking Tax Reports
A faulty tax report is almost never a problem of the report itself. The cause lies in the crypto accounting underneath.
Unpaired deposits and withdrawals
As long as a deposit or withdrawal stays without a counterpart, CoinTracking lacks the context. Usually the other side was never imported.
Incorrect transaction types
A trade booked as a deposit, a transfer booked as a sale. Aggregated contract events are often read out incorrectly, and every misclassification distorts the calculation.
Scam tokens with a genuine ticker
CoinTracking identifies assets by ticker, not by contract. A scam token carrying a genuine ticker is valued at that asset’s market price.
Where a wrong data basis hits the report
CoinTracking calculates strictly with what is there. What is missing, the tool cannot know, and what it does not recognise, it classifies wrongly or not at all.
Cost basis of zero
A sale without a matching purchase gets a cost basis of 0.00 EUR. The full proceeds become a fictitious gain and scale into five figures quickly.
Long turns into Short
The acquisition date disappears along with the cost basis. CoinTracking can no longer recognise Long and books the sale as Short.
Fees paid in crypto count
Every fee paid in crypto is an outflow of those coins. If it is missing from the import, it is missing from the report.
The error travels on
A wrong cost basis does not stay in its year. It carries into every following year for as long as the data underneath is not corrected.
Data first, report second.
Warnings traced back
TX-Partner takes every warning in the tax report and traces it back to the entry that triggered it.
Sources added
Missing exchanges, wallets and chains get added. After that CoinTracking mostly reclassifies correctly by itself.
Report regenerated
Only with a corrected data basis is the report produced again. TX-Partner delivers data and history, the tax assessment stays with the tax advisory.
Resolve tax report errors for good.
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Learn moreAll CoinTracking errors at a glance
The overview of the most common CoinTracking errors and the causes behind them.
To the overview