Ideas and Suggestions for Bitcoin.Tax

You can suggest new ideas and suggestions or vote on existing ones. For customer support, please use the Questions button from within your account.

<< back to suggestions
119
votes
17 comments
investigating

Margin Trading Support

features

Suggested by Brian on 09/02/2017


Automated support of margin trading. Margin trading on the ratio involves borrowing coins, selling them, then buying others. This often generates a zero-cost basis problem and is a headache to calculate manually. Please!!!

Comments:
  • Kelsey on 10/26/2017

    I am also struggling with this. Support has been understandably slow to respond to my emails. If someone could comment on how to calculate manually to fix this problem I'd appreciate it.
  • Mike on 11/16/2017

    Would like to use this feature as well
  • Erik C. on 11/21/2017

    This is creating an unusually high tax liability for me when I used margin to buy coins and sold those coins. It's incorrectly using my previously purchased coins that were purchased cheap as the basis.
  • Zech on 12/16/2017

    I need this too!
    @erik
    I named my margin coins "fxbtc" so that it would not conflict with other coins. I think of them as a separate entity. That will prevent the selling of old coins, but the "short" zero-cost is killing me
  • Nate on 12/19/2017

    I really need this because it is messing with the cost basis for my 2017 year. I also really need a way to handle the lending fees because of the margin trading. Those fees actually make a substantial difference in the closing report of assets.
  • George on 01/02/2018

    The Kraken API import feature does not distinguish between margin trades and regular trades. In the reports section, the list of the coins I still own is completely inaccurate because of this.
  • Dave on 01/20/2018

    This is a really important feature. Can you please update on when testing will be complete and users can begin to access this?
  • Chris W. on 01/23/2018

    I second @Dave. I know you guys are working hard, but the sooner the better as tax season is upon us here in the US.
  • Kev on 02/13/2018

    @Zech, how would you differentiate between margin coins and normal coins?
  • Phil on 02/19/2018

    Poloniex also has a margin trading construct. I'd be nice to have this as Poloniex is already 2/3's integrated into Bticoin.tax. without this I'm going to have to have my CPA figure it out....
  • Mark S. on 03/04/2018

    please include bitmex exchange in this.
  • CoinSlinger on 03/14/2018

    I agree with the other comments here - proper margin trading support for sites like Bitmex & OKEX is critical for being able to properly calculate gains/losses over the course of a tax year.
  • Dan L. on 04/09/2018

    is there support for margin trading yet? I have margin trades on poloniex and kraken that need to be figured in as part of my taxes this year
  • Phil on 07/16/2018

    poloniex margin trading please, had to pull all my polo records out, tax went for 50K to -15K HUGE Difference need help in an automated way as the number of transactions is huge >6k...
  • GOJO on 12/12/2018

    Absolutely Bitmex by API, please!!!!!
  • VK on 12/26/2018

    Please add Bitmex swaps and futures support.
  • FC on 01/01/2019

    Hi,

    Yes, please add support for margin trading. If possible, please add support for margin trading done on Liquid exchange (and add Liquid exchange among the API supported exchanges).

Add Comment