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capgains: rendering fixes

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Simon Michael
2025-12-22 14:03:45 -10:00
parent 0e6b0eb956
commit fdf81e07b6
1 changed files with 6 additions and 2 deletions
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src/Capital-gains-reporting.md
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@@ -30,10 +30,10 @@ Cryptocurrency tax calculator apps exist to meet this need. They
There are two kinds: There are two kinds:
- Online cryptocurrency tax calculators. - Online cryptocurrency tax calculators.\
Bitcoin.Tax, Cointracker, Coinledger, Koinly, Summ, TokenTax are some of these. While convenient, online calculators add rather serious privacy risk: when they are hacked or infiltrated, potentially your entire past, present and future cryptocurrency activities can be seen and analysed. Bitcoin.Tax, Cointracker, Coinledger, Koinly, Summ, TokenTax are some of these. While convenient, online calculators add rather serious privacy risk: when they are hacked or infiltrated, potentially your entire past, present and future cryptocurrency activities can be seen and analysed.
- Offline cryptocurrency tax calculators. - Offline cryptocurrency tax calculators.\
These tend to be less featureful but more private, so we focus on them here. Some of them are: These tend to be less featureful but more private, so we focus on them here. Some of them are:
- [BittyTax] - UK and US variants (can do wallet-based cost tracking by using multiple configs) - [BittyTax] - UK and US variants (can do wallet-based cost tracking by using multiple configs)
@@ -48,11 +48,13 @@ There are two kinds:
### Export from wallets to a cryptocurrency tax calculator ### Export from wallets to a cryptocurrency tax calculator
From each real-world cryptocurrency wallet, From each real-world cryptocurrency wallet,
- export its lifetime history of transactions as CSV - export its lifetime history of transactions as CSV
- transform this to the CSV format required by the tax calculator, and import it there - transform this to the CSV format required by the tax calculator, and import it there
- and add any extra configuration required to help the calculator build a true picture of events - and add any extra configuration required to help the calculator build a true picture of events
"Wallet" here has a broad meaning: "Wallet" here has a broad meaning:
- a self-custodied wallet on a blockchain - a self-custodied wallet on a blockchain
- or the wallet on an exchange - or the wallet on an exchange
- or each individual BIP 32 account within a multi-account wallet - or each individual BIP 32 account within a multi-account wallet
@@ -92,11 +94,13 @@ In the USA, calculating cryptocurrency gains requires:
- tracking the acquisition date, cost, and wallet of every purchase/acquisition over your lifetime - tracking the acquisition date, cost, and wallet of every purchase/acquisition over your lifetime
- tracking these across transfers/splits/merges/disposals - tracking these across transfers/splits/merges/disposals
- disposing them in a required order, such as: - disposing them in a required order, such as:
- FIFO - first in first out - FIFO - first in first out
- LIFO - last in first out - LIFO - last in first out
- HIFO - highest cost first out - HIFO - highest cost first out
- LOFO - lowest cost first out - LOFO - lowest cost first out
- SpecId - specific identification of lots - SpecId - specific identification of lots
- and thereby calculating the capital gains or losses. - and thereby calculating the capital gains or losses.
Before tax year 2025, disposal order was determined with "universal cost tracking" - Before tax year 2025, disposal order was determined with "universal cost tracking" -