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Anonymous

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Add XO Cash pricing and accurate cost-basis tracking
Please add full pricing and transaction-tracking support for XO Cash (XO) on the Solana network. XO Cash is a USD-backed stablecoin used by Exodus Pay. It is intended to maintain a value of 1 XO = $1 and appears as the cash balance within Exodus Pay and the associated Exodus wallet. CoinTracker currently imports my XO Cash activity but does not appear to recognize or price XO correctly. In particular: XO Cash transactions do not consistently receive a USD value. Acquisitions of XO using USD do not establish the correct USD cost basis. When XO is subsequently swapped for another asset, CoinTracker shows a missing or zero cost basis. This can make the swap appear to generate an incorrect taxable capital gain. Transfers of XO between Exodus Pay and the associated Exodus wallet should be treated as transfers of the same asset, not as separate acquisitions or disposals. Please add support to: Recognize the official XO Cash token on Solana as XO Cash rather than an unknown or unpriced token. Apply accurate current and historical USD pricing, generally $1 per XO because it is a USD-backed stablecoin. Record USD-funded XO purchases with a cost basis equal to the amount paid, including any applicable fees. Carry that cost basis forward when XO is transferred or exchanged for another asset. Correctly distinguish purchases, transfers, swaps, rewards, and payments involving XO. Recalculate affected portfolio balances, proceeds, cost basis, and taxable gains after support is added. Official product information is available at xocash.com and through the Exodus Pay support documentation. This is important for tax accuracy because missing XO pricing or cost basis can materially overstate gains when XO is exchanged for another cryptocurrency.
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Wallets & Integrations
Allow users to find and edit the cost basis of an outgoing asset/ edit cost basis on transfer transactions
Users Feature Request: Improve the process for editing the cost basis of an outgoing asset in CoinTracker. Currently, users must navigate through several steps to locate and edit the incoming transaction that sets the cost basis. This process can be cumbersome and unintuitive. A direct method to access and modify the cost basis from the outgoing transaction's details would enhance user experience significantly. As a user, what can I do? To adjust the cost basis for an outgoing asset, follow these steps: Navigate to the Tax Center for the year of the outgoing transaction (for example, for 2023, go to 2023 Tax Center ). Download the Capital Gains CSV from the bottom right of the Tax Center. In the CSV, search for the outgoing transaction. The Received Date column shows the date of the transaction where the cost basis was set. Go to Transactions and filter by the Received Date. There, you can edit the cost basis of the token. You can 🔼 upvote this feedback post to indicate you would like a more streamlined feature added! The post status will be changed to Complete should we pursue this feature. Up-voters will be notified of the status change. I need additional assistance, who can I contact? For further assistance, please contact our support team directly . Thank you for your feedback and cooperation as we work to enhance your CoinTracker experience! Keywords: cost basis, capital gains, tax reporting, transaction editing
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Transactions
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