capgains: rendering fixes
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@@ -30,10 +30,10 @@ Cryptocurrency tax calculator apps exist to meet this need. They
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There are two kinds:
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- Online cryptocurrency tax calculators.
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- Online cryptocurrency tax calculators.\
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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.
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- Offline cryptocurrency tax calculators.
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- Offline cryptocurrency tax calculators.\
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These tend to be less featureful but more private, so we focus on them here. Some of them are:
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- [BittyTax] - UK and US variants (can do wallet-based cost tracking by using multiple configs)
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@@ -48,11 +48,13 @@ There are two kinds:
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### Export from wallets to a cryptocurrency tax calculator
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From each real-world cryptocurrency wallet,
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- export its lifetime history of transactions as CSV
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- transform this to the CSV format required by the tax calculator, and import it there
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- and add any extra configuration required to help the calculator build a true picture of events
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"Wallet" here has a broad meaning:
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- a self-custodied wallet on a blockchain
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- or the wallet on an exchange
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- or each individual BIP 32 account within a multi-account wallet
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@@ -92,11 +94,13 @@ In the USA, calculating cryptocurrency gains requires:
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- tracking the acquisition date, cost, and wallet of every purchase/acquisition over your lifetime
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- tracking these across transfers/splits/merges/disposals
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- disposing them in a required order, such as:
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- FIFO - first in first out
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- LIFO - last in first out
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- HIFO - highest cost first out
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- LOFO - lowest cost first out
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- SpecId - specific identification of lots
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- and thereby calculating the capital gains or losses.
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Before tax year 2025, disposal order was determined with "universal cost tracking" -
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