Year-end confirmation required~ How to check unrealized gains/losses~

Profits and losses on personal crypto assets (virtual currencies) are determined as of the end of December each year. If you are holding a currency with an unrealized loss, you may be able to reduce your profit and reduce your taxes by selling that currency. At the end of the year, check your realized gains/losses on cryptact and if you have a large amount of profit, check your unrealized gains/losses.

 

1.Preparation

Please upload your entire transaction history to cryptact and complete the profit and loss calculation.
Please check your current profit and loss first.

How to use cryptact - README first!

 

2.How to check "UNREALIZED GAINS&LOSSES"

Click "Coins" in "Portfolio" to see "UNREALIZED GAINS&LOSSES" by currency.
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If you have realized gains, you can reduce your realized gains (taxes) by selling the currency in which you have unrealized losses. *Finalization of personal profit and loss is 23:59 on December 31 every year. Please check it well in advance during the year.

 

3.How to simulate using custom transactions

If you want to check how much the "Realized Gains/Losses" will be before actually trading, you can simulate it by using the Custom Trade function.

1)Click on "Add manually" in "+" icon
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2)Create a scheduled transaction and click "Commit"

  • The source can optionally be "Simulation" to make it easier to search.
  • Click on "Perform price lookup" to automatically reference the market price at the date and time.

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3)Please return to the "Summary" to see what the "Realized Gains/Losses" will be after you upload the simulated transaction.
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4.How to delete custom transactions entered in the simulation

After checking the realized profit/loss before and after the simulation, please do not forget to delete the simulation transaction.

1)From the "Transactions," select the custom transaction entered in the Simulation and click “Apply.
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2)Click "Exclude" on the detail screen
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"Exclude" will exclude the account from the profit and loss calculation, but the notation will remain on the books of account.
If you wish to delete the transaction from the ledger as well, click "Delete" on the right side of "Exclude".
*Please note that once a transaction is deleted, it cannot be restored.