tommygunz99

Can’t someone just go behind her and poison the bird seed piles?

If you count transfers out as sells unless you see the transfer received in a wallet, and if you don’t support wallets for most of the coins, how should I avoid these (ex. sending Neo from an exchange to my wallet) getting counted as fake gains in my tax report?

My use case is also tax reporting. Like others I’m getting numbers I suspect to be inaccurate.

I think the flaw may be this: I assume you’re calculating cost basis and gains on a broad set of the cryptocurrencies (including Neo, Ripple, etc) that are traded on these exchanges. But when the coins leave the exchange you count it as a sale unless you can see the receiving end of that same transaction in one of the user’s wallets. But you only support reading from wallets/blockchain for a subset of the coins (btc, eth, ltc). So you’re counting fake gains anytime a user sends any of the non-btc|eth|ltc coins for storage.

Like others have said, you probably don’t want to assume that any outbound transaction from an exchange is a sale that should be taxed.

Generally it may be difficult to get people to pay $150 with issues like this popping up.

You could consider some combination of:

-give a bit more info about the tax reporting before requesting payment, enough to convince users it’s calculated correctly

- clearly outline the scenarios where users will get flawed tax info in help docs

- flag uncertain items for individual clarification by the user in your UI a la Turbotax (“we couldn’t find a recipient for your Neo transaction on Aug 20– did you send this to another person or business?”)

-offer the first year free to get help from folks ironing out these kinks, but try to establish lock in to get return business next year

Time for some traffic problems in Leonia

Android is different for each person

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