CoinTracking Tax Report

Tax Report Errors
in CoinTracking?

Your CoinTracking tax report shows warnings or unrealistic numbers? The cause lies in the crypto documentation, not the report. TX-Partner fixes the foundation.

Non-Binding Documentation Check

Initial assessment of your CoinTracking data - 30 min.

Tax Report Errors in Practice

A portfolio with DeFi usage. A missing bridge transaction in crypto documentation leads to incorrect cost basis in the tax report. The problem multiplies:

95%
of Cases
Tax report errors originate in crypto documentation
Warnings
In Report
CoinTracking marks discrepancies in tax report
0 EUR Basis
Most Common Problem
Missing cost basis due to incomplete imports
Cascade
Error Effect
One incorrect import can distort hundreds of report entries
Screenshot

Error Messages in CoinTracking Capital Gains Report

The tax report shows all taxable sales in the capital gains report. The "Show Warnings" button filters specifically those sales where errors occur – usually because cost basis is calculated as 0 EUR. Bottom right, CoinTracking sums the EUR value of all erroneous entries –with many errors, this amount can be substantial.

Error Messages in CoinTracking Capital Gains Report with Warnings Button
CoinTracking Capital Gains Report: The "Show Warnings" button filters erroneous sales, bottom right shows the summed EUR amount

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 crypto documentation. TX-Partner encounters these scenarios most frequently.

01_MISSING_TX

Unlinked "Missing Transactions"

Not all entries under "Missing Transactions" are linked or correctly classified. As long as deposits and withdrawals remain unpaired, CoinTracking lacks context. The result: missing cost basis and erroneous profit calculations in the report.

02_WRONG_TX_TYPES

Incorrect Transaction Types

Transaction types are either incorrectly recognized by the tool or incorrectly set by the user. A trade as deposit, a transfer as sale – every misclassification distorts the tax report. Especially common with DeFi transactions and internal transfers.

03_CHRONOLOGY

Faulty Chronological Order

When a sale chronologically precedes the corresponding purchase in the data, CoinTracking calculates with 0 EUR cost basis. Causes: missing or late-imported transactions, incorrect timestamps in manual entries, or gaps in import history. Result: fictitious profits in report.

Why This Matters

The Tax Report Is Only As Good As The Crypto Documentation

CoinTracking calculates the tax report based on imported transactions. If errors exist there – missing imports, incorrect types, scam tokens – the report cannot be correct.

1

Crypto Documentation

All transactions in the crypto tax tool

2

Tax Calculation

Crypto tax tools & tax advisors

3

Compliance

DAC8, Tax Authority, Tax Advisor

The Tax Report Is Only As Good As The Crypto Documentation. If the foundation is flawed, the report cannot be correct.

TX-Partner Approach

Fix Tax Report Errors at the Root Cause

TX-Partner doesn't analyze the report, but the crypto documentation behind it. Missing imports are added, incorrect classifications corrected and scam tokens cleaned up. Only when the crypto documentation is correct can the tax report be generated accurately.

Correcting the report is pointless if the crypto documentation remains flawed.

Analyze Report Warnings

Trace each warning back to its root cause.

Correct Crypto Documentation

Add missing imports, correct classifications.

Clean Up Scam Tokens

Mark contract as scam or change ticker.

Report Verification

Target/actual reconciliation of final figures.

Frequently Asked Questions

Why does my CoinTracking tax report show unrealistic profits?

In most cases, the cause is unlinked "Missing Transactions" or chronology errors. When CoinTracking cannot match a purchase to a position, it calculates with cost basis 0 EUR –and every sale becomes a fictitious full profit.

What are the most common causes of tax report errors in CoinTracking?

The three main causes are: Unlinked "Missing Transactions" (deposits/withdrawals without counterpart), incorrect transaction types (e.g., trade classified as deposit), and faulty chronological order (sale before corresponding purchase in the data). All three lead CoinTracking to calculate with incorrect cost basis.

Detailed analysis of the most common tax report warnings and how to fix them:

CoinTracking Tax Report: Understanding and Fixing Warnings

Tax Report Shows Errors? TX-Partner fixes the foundation.

TX-Partner analyzes your CoinTracking data, identifies the root causes in the crypto documentation and prepares your crypto documentation for accurate tax reports & proof of funds.

Non-Binding Documentation Check

Related CoinTracking Issues

Back to CoinTracking Errors Overview