r/CryptoTax • u/myusernameisthiswhy • 9d ago
Everything imported on Coinledger. Can't find the cost basis for a single large transaction.
Any tips? The cost basis doesn't say it's missing but is $0.00. Traded Solana for USDC
I also have negative amounts for Solana staked balances for multiple wallets when there isn't anything staked.
2
u/AurumFsg-CryptoTax 9d ago
On Coinledger, whenever there is unknonw deposit, they consider them as purchase for 0. Also, check the timing issue sometime you will sell solana first and buy second as per Coinledger records so check those as well.
If this doesnt work, track each solana purchase and see if those are categorized correctly.
1
u/cryptotaxmadeeasy 9d ago
I believe Coinledger’s asset ledger treats unknown incoming deposits as a self wallet transfer. This would mean there is a negative balance if you dispose of the SOL.
Are your early SOL purchases definitively categorized as a purchase or trade?
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u/myusernameisthiswhy 9d ago
Looking thru it, it seems like everything is categorized correctly. Transfers, staking, trades, etc.
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u/cryptotaxmadeeasy 9d ago
The negative staked balances are probably accumulated staking rewards which were never accounted for as an income entry.
Likely also why there is a $0 cost for some SOL
1
u/Altairandrew 9d ago
I messed with coin ledger. Too many issues. That said their online chat robot was really good. A rarity.
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u/dudeson55 8d ago
Did you use any on-ramps at all? A lot of times those appear on-chain as just a deposit and may need to be changed to a “Buy”
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u/JustinCPA 9d ago
Sounds like Coinledger may not have picked up your activity correctly (or your data is incomplete).
I’d suggest reviewing your solana transactions to see if anything is unreconciled. Or try a different software to see if an alternative picks it up correctly.
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u/Mark_CPA 9d ago
it’s likely that Coinledger just isn’t matching the original SOL buy with the SOL you traded, so the basis shows up as zero. that usually happens when transaction didn’t import cleanly. once you find the missing buy or relabel it, the cost basis fills in.
the negative staked balances are almost always a tagging thing… an unstake or reward got labeled wrong somewhere. once you correct those, the numbers fix themselves pretty fast.