METALBACK REWARDS STATEMENT

Hi,

Can we add the metalback rewards in
The transactions statement? Currently they do not show at all.

 

[Uchiki]

Has already been requested for paid Metalback in the Cointracklng export. They should be regarded as a discount on purchase, so essentially non-taxable income in Cointracking/tax reporting terms.

"Transactions" is a report of your Exchange trades, so not really relevant in there.

 

[Alexgeo]

Has already been requested for paid Metalback in the Cointracklng export. They should be regarded as a discount on purchase, so essentially non-taxable income in Cointracking/tax reporting terms.

"Transactions" is a report of your Exchange trades, so not really relevant in there.

Thanks Uchiki but I use another software for my tax affairs and I need to have the transactions of metalback shown somewhere. Hopefully it will reflect in the Cointracking export statement.

 

[Uchiki]

Should only be relevant for calculating gains/losses if you subsequently sell/spend the Metalback.
Or if your jurisdiction calculates tax on your overall holdings, though you can get those from the "Holdings" export.

 

[Alexgeo]

Should only be relevant for calculating gains/losses if you subsequently sell/spend the Metalback.
Or if your jurisdiction calculates tax on your overall holdings, though you can get those from the "Holdings" export.

Well it’s fine as long as it shows somewhere. I need to have the balances shown correctly when I do my tax return.

 

[Dante Roman]

Should only be relevant for calculating gains/losses if you subsequently sell/spend the Metalback.
Or if your jurisdiction calculates tax on your overall holdings, though you can get those from the "Holdings" export.

Yes it's relevant for cost base of subsequent sale

 

[SteveW]

Yes it's relevant for cost base of subsequent sale

If it's a discount and a spend (disposal) of K-coins I don't understand how it would affect my adjusted cost base.