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Hi! you can get this on your Coinbase account and then copy/paste into CoinTracking to start importing your trades. Please have a look at the steps here: cointracking.info/import/coinbase_api/

Could you please clarify which link are you referring to? Happy to help!

Hi! Are you having any issue importing your Coinbase trades into CoinTracking? Please let me know the issue and I'll be happy to help😊

Hi! Happy to help. Let's look at it like this (just a theoretical example): 1. You deposit £10K 2. Buy 100 "Crypto A" for £10K 3. That crypto goes to £20K 4. You sell £10K worth of "Crypto A" (basically half the amount you have of that crypto - 50 units) 5. You have to calculate the gain based on the amount of "Crypto A" you're selling (which is 50 units) 6. The gain is the sales proceeds (£10K) minus the cost basis (£5K) in this case. 7. You had a profit of 2x (100%) on those 50 units, so you have to pay capital gains taxes (it was a gain of £5K in this case). However, please consult with a crypto tax professional regarding your situation as we cannot provide personal tax advice. Hope that helps.

No, you still report your crypto sales on form 8989 as usual. It's just the method of determining the cost basis that is different. The form 1099-DA ideally should correspond with what you are reporting on the 8989.

The 1099-DA replaces the 1099-B for trading crypto assets on exchanges. You will still use the Form 8989 in the same way as in the past but crypto gains and losses ascertained by the crypto exchange will be reported on a 1099-B.

Hi! You still need to file the 8949 form in the US, the changes apply to a new way of tracking your trades (per wallet) and a new form that exchanges will issue (1099-DA). Hope that clarifies it!

Hi there! Sorry you're experiencing issues with this, but I'm happy to help :) Please have a look at our FAQ guide with the details: cointracking.freshdesk.com/en/support/solutions/articles/29000047958-navigating-irs-revenue-procedure-2024-28 If you have any additional issue related to your account, I encourage you to submit a ticket to our support team: cointracking.freshdesk.com/en/support/tickets/new

It would be better for you to take Accounting 101 and set up your own spreadsheets or database. CoinTracking is not sworn to Title 27 disclosure and could share your income data with anyone... or could be hacked.

Hi there! Sorry that this video didn't match your expectations. However, we have more videos coming up to address changes in the US - we hope you find value in those. In the meantime, if you have any particular issue with CoinTracking, please let me know and i'll be happy to help 😊

Hello! Please let me address this as we take data handling very seriously. Your data is absolutely secure with us and handled with the utmost care. CoinTracking gains no advantage from "having your data." Anyone can register on CoinTracking anonymously and therefore cannot be linked to any data in the background. This means CoinTracking has no interest in the data of others. You can find more information here: cointracking.info/certificate.php. We hope this helps!

👀

Hi there! I'm not sure I entirely follow your situation. However, please know that holding crypto without selling it not a taxable event. However, crypto-to-crypto trading is also a taxable event (as selling crypto for FIAT like GBP). Our suggestion is for you to track all of your trades with our software and work with a crypto tax professional to make sure everything is okay when reporting to the HMRC. We also have a video coming up explaining how to report to the HMRC when you haven't done so under the right deadlines. In the meantime, please reach out to a CPA to solve your specific situation (we cannot give catered tax advice).

Hi! Could you please clarify hat you're looking to find? Is it on ByBit or CoinTracking? Happy to help!

era drama flower grain traffic clap vanish keen exile garlic beach gate ig someone took it alrdy u had 285 smthn dollars ??

What exactly?

Thank you! Stay tuned for future videos😎

Hey! Thanks for the question. In simple terms, yes you're right. However, if you only had that trade, you wouldn't pay taxes since you don't cross the yearly capital gains tax allowance of £3K for 24/25. Nevertheless, you can do that type of calculation to have a rough estimation of taxes. Please find more info in our UK crypto tax guide: cointracking.info/crypto-taxes-uk/

@CoinTracking great. Thanks for your reply.

Despite not being prohibited, please be very cautious about this, as there has been several bills and attempts to change this (e.g., 2025 US budget proposal). We prefer to give a more conservative stance on this to prepare for the future. Hope that helps.

@@CoinTracking Ok, but wash sale rules won't apply for 2024 in any case (they wouldn't apply new wash sale laws retroactively), and this is a video about what people should do in 2024. It was just an incorrect bit of information in the video.

@@orrd You're right. The German guy in the vid sounded like it applied.

The wash sale rule doesn't explicitly apply to crypto, but they're being conservative about its potential to be applied towards crypto.

As of write now, the wash sale rule does not apply to crypto, but please be very cautious about this, as there has been several bills and attempts to change this (e.g., 2025 US budget proposal). We prefer to give a more conservative stance. Hope that helps.

Hi! Despite not being prohibited as of right now, there has been several bills and attempts to change this (e.g., 2025 US budget proposal) - please be cautious if looking at this strategy.

But it’s 2024 so we’re safe to do it. Thanks for the video.

@@CoinTracking You should explicitly say this in the video but you did not.

True, maybe that will change with rising adoption :)

No scaremonger, just trying to cover all the basis so people know what to do every tax season and enjoy life.

Hi! Sorry to hear that you're having an issue. Please make sure you're following the steps here to import your trades: cointracking.info/import/coinbase/ If that's not working, try the reports tab to get the CSV. Let me know if that worked!

The recent IRS change? It will get more challenging for investors, but please know that we're fully prepared for this update!

The 1099-DA only replaces the 1099-B. The wash sale does not apply to 2024 taxes.

Those are some good strategies, thank you for the suggestions😎

Let's try to help! In what exchanges/platforms did you trade crypto? You have to start there and try to export your transactions with the help of crypto tax software. This will help determine the right gains/income you had throughout the years and with the help of a tax professional take care of the situation. Please let us knows the exchanges you used so we can provide further support.

@ to be honest these are holdings over the span of the last 7 years. I used dexes to buy them but eventually I just decided to cash out using usdt and a year later I got a letter from the tax man unsure how to proceed

@ to be honest these are holdings over the span of the last 7 years. I used dexes to buy them but eventually I just decided to cash out using usdt and a year later I got a letter from the tax man unsure how to proceed

@ to be honest these are holdings over the span of the last 7 years. I used dexes to buy them but eventually I just decided to cash out using usdt and a year later I got a letter from the tax man unsure how to proceed

Hi, thank you for the valuable comment. You're right on all the dates, we wanted to bring attention to things that crypto investors need to be aware and even though the tax calendar in the UK doesn't follow the Gregorian calendar, it's always a good time of the year to remind people of these things as you reflect on the past&future. You're also right on the changes in the capital gains taxes as we also mention in the video. We really do appreciate the attention in your comment, hopefully we can help in your crypto tax journey :)

Please reach out to the support team at MetaMask as we cannot help with errors on its platform, only if you're having an issue with importing trades from MetaMask into CoinTracking. Please let me know if that's the case.

Hi! Thanks for the question. Please be aware that converting into a "privacy" coin is still a crypto transaction, which is taxable in the UK. You can argue that authorities may not be able to track those trades, but that doesn't change the tax obligations/requirements. Hope that helps!

It's a Bitcoin Wallet. Collect all the words revealed in the videos, piece them together as the Private Key, and use it to access the wallet. Good luck! 🚀

@ how much bitcoin

We hope you can find value in future videos - we have a lot prepared for the UK!

Hi! It all depends on the type of the transaction. For example, trading any crypto will lead to capital gains while earning any type of crypto will lead to income taxes as a benchmark rule. If you're paid compensation for your work, it would likely fall under income taxes, but please consult with a tax advisor as this is highly personal and we cannot provide tax advice. Hope that helps!

Hi! Can we help?

Hi! Thank you for the suggestion - I'll pass it to our video team :) Stay tuned for future ones

Encourage you to take a look at our video with the best locations for crypto taxes (includes Dubai👀)

Thank you - we always hope to help :) Regarding your questions, capital gains and losses are reported on Form SA108. Do you mean form SA100? Please let me know (that one is for income from crypto activities for example). Stay tuned for future videos👀

Thank you for watching!

Why do you say it's voluntary👀..?

In that case, take a look at our video on the best locations for crypto taxes ;)