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Transfer transactions with multiple tokens or NFTs marked as 'Sent' and 'Received'
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CT-jO3WEwzO
I transferred a bundle of NFTs through OpenSea between two wallets synced to a CoinTracker account. However these are being registered as a trade and messing up my cost basis tracking. I should be able to change these to transfers and have the cost basis be maintained.
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Matt - CoinTracker
Updated September 2023
CoinTracker does not currently support transfer (automatic) matching or manual transfer editing for multi-token transactions. Our team is working to support these types of transactions. We have updated our add / edit transactions feature to be able to create and edit multi-token transactions but this does not support NFT and unsupported tokens at this time, see more about our add / edit transaction update here.
As a workaround for this behavior, users can create custom currencies to represent their NFT tokens:
- Go to custom currency menu here https://www.cointracker.io/currencies/custom
- create a custom currency for each NFT in the transfer transaction (each custom currency should be unique, to match it to the NFT)
- Edit the transaction and replace each NFT with the matching custom currency. Both the incoming and outgoing columns will need to have the same assets for CoinTracker to recognize this as a transfer.
- Users will need to replace any and all NFTs with the corresponding custom currency.
Thank you all for your patience, we will update this post once we have deployed support for these types of transactions.
Sam - CoinTracker
Sam - CoinTracker
Merged in a post:
Mass transfers of NFTs are currently categorized in two transactions "Send" and "Receive" instead of doing a "Transfer" transaction.
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CT-YQjV48PQ
Mass transfers of NFTs are currently categorized in two transactions "Send" and "Receive" instead of doing a "Transfer" transaction, thus all proceeds are considered $0 and resulting cost basis as $0, which is not accurate. These should be done in one transaction "Transfer" so that cost basis for each NFT is transferred to the new wallet.
Sam - CoinTracker
Merged in a post:
NFT Transfers showing as send/receive
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CT-lON68j4O
Many of my NFT transfers are showing up as send/receive instead of transfers, even though both wallets are added into Cointracker. There are some transfers in the past that this issue did not occur with but then there are many where it does. It seems to be inconsistent and needs to be fixed!! For the most part it is with bulk NFT transfers, but as you can see in my images, neither are showing as transfers however only one resulted in errors. No idea how to deal with this...
Matt - CoinTracker
Updated September 2023
CoinTracker does not currently support transfer (automatic) matching or manual transfer editing for multi-token transactions. Our team is working to support these types of transactions. We have updated our add / edit transactions feature to be able to create and edit multi-token transactions but this does not support NFT and unsupported tokens at this time, see more about our add / edit transaction update here.
As a workaround for this behavior, users can create custom currencies to represent their NFT tokens:
- Go to custom currency menu here https://www.cointracker.io/currencies/custom
- create a custom currency for each NFT in the transfer transaction (each custom currency should be unique, to match it to the NFT)
- Edit the transaction and replace each NFT with the matching custom currency. Both the incoming and outgoing columns will need to have the same assets for CoinTracker to recognize this as a transfer.
- Users will need to replace any and all NFTs with the corresponding custom currency.
Thank you all for your patience, we will update this post once we have deployed support for these types of transactions.
Matt - CoinTracker
CT-JQA3myO3: Thanks for sharing this. I know it's a big undertaking to make these edits in any sort of scale.
That feedback to automatically facilitate the custom currency creation is really neat - I'm passing that along to the team working on this.
Sam - CoinTracker
Merged in a post:
transfer to selling wallet, cost basis not
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CT-eqG5v2vX
I minted a bunch of Playboy Rabbitar tokens in 2021 at .1957 ETH ( ETH about $3500). The Cost basis is easily determined in transaction record. I transferred a few (nine) to a selling wallet to sell. I sold two for .06 ETH ( ETH about $1500). These should clearly be capital losses, but show as gains. I looked deeper and see that the cost basis is not accompanying in the transfer.
