Here is some basic information that should help with entering margin trading activity manually.
- Refer to this article for general instructions on entering transactions manually.
- Read this blog post, which talks about crypto taxes for activities surrounding margin trading and will give you an understanding of how those transactions should be structured in CoinTracker.
How to categorize transactions as margin:
- Enter the manual transactions for your trade or find the synced transactions to be tagged as margin. To tag, select the ellipsis option and select
Tag transactionfollowed by the
Note: To avoid seeing negative balance errors, consider adding custom currencies to use on trades where you're shorting assets you don't own.
The tag will then appear on your transaction as a tag.
You can also remove the margin tag by navigating to thespecific transaction, selecting the ellipsis option, selecting the
Tag transaction followed by
Margin and finally the X prompt.
You can then enter a separate fiat transaction for the amount gained or lost.
To indicate a gain, create a manual transaction and enter the amount of the gain on the right side (incoming) of the transaction. Use the tagging feature to mark the transaction as a
To indicate a loss, create a manual transaction and enter the amount of the loss on the left side (outgoing) of the transaction. Use the tagging feature to mark the transaction as a
Correctly tagging your transaction ensures that gains and losses are included in the Net Futures Gains and Margin Fees on the tax center in CoinTracker.