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Crypto portfolio assistant

Track and manage your crypto investment performance.
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For Accountants

Enable your clients to stay compliant with virtual currency tax regulations.
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Crypto taxes

Accurately calculate your taxes and generate your tax reports.
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Enterprise

Differentiate your business with the gold standard in crypto tax compliance.

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Why is My Transfer Showing as a "Sale" and Affecting My Capital Gains?

When CoinTracker identifies an outflow (a "send") without a corresponding inflow (a "receive"), it automatically treats this as a disposal, or sale, of an asset. This classification results in the calculation of a taxable gain or loss, as all disposals are considered taxable events.

Steps to Correct Potential Misclassification

  1. Verify Wallet Connections: Ensure that all your wallets are correctly connected to CoinTracker. Missing wallet connections can lead to incomplete transaction data. For detailed guidance, refer to the Help Center article on connecting wallets.

  2. Review Balance Differences: After verifying that all wallets are connected, check for any balance discrepancies. Identifying and correcting these discrepancies can help you locate any missing transactions that may have caused the incorrect classification. You can find more information on how to address these issues in the Help Center article on troubleshooting balance issues.

By following these steps and utilizing the resources in the Help Center, you can ensure that your transfers are accurately categorized and avoid unintended impacts on your capital gains reporting.