This guide will explain how to document transactions in our costume csv.
Our csv has 7 categories:
The values that you may enter to each category are as follows:
Date – dd/mm/yyyy mm:hh:ss or mm/dd/yyyy mm:hh:ss.
Type – Buy, Sell, Deposit, Withdrawal
AssetCurrency/CoinCurrency/FeeCurrency – the symbol of a currency, for example:
USD, BTC, ETH, LTC…
Amount/FeeAmount – a Number, example:
Transforming your files
To fit your files to our format you will need to transform the data into 4 different categories- Buy, Sell, Deposit and Withdrawal the files should look like this:
If you downloaded a file with deposits, each Deposit should be described in this format:
Deposit 1,234.567 BTC on the 11/30/2018
If you downloaded a file with Withdrawals, each Withdrawal should be described in this format:
Withdrawal 1,234.567 ETH on the 11/30/2018 with 0.5 ETH Fee.
Withdrawal 9,876 ETH on the 11/28/2018 with 0.9 ETH Fee
Crypto to Fiat – Every buy/sell should be described in 1 line.
Buy 1 BTC with USD on the 11/30/2018 at 12:00
Sell 2 ETH to USD the 11/26/2018 at 8:00
Crypto to Crypto
Every buy/sell should be described in 2 lines. The first line will describe the asset that was exchanged, the second line will describe what was given in exchange of that asset. If there was a fee it should appear only once for every transaction.
Buy 1 BTC for 36 ETH on the 11/30/2018 at 16:00 with a fee of 0.0005 BTC
Sell 1 BTC for LTC 135 11/24/2018 at 17:00 with a fee of 0.0007 BTC
For technical support contact – firstname.lastname@example.org
IMPORTANT: IRS Circular 230 Disclosure
Any tax-related information contained in this Site, the Services, or any deliverables thereof, is not tax advice, and not intended or written to be used or be relied upon, and cannot be used or relied upon, by you or any taxpayer for the purpose of avoiding penalties imposed under the United States Internal Revenue Code or any other applicable law or for promoting, marketing, or recommending to another person any transaction or matter addressed herein or to provide tax advice or any tax-related matter. You should seek the advice of a tax professional regarding your particular circumstances notwithstanding the use of our Site, Services or any deliverables thereof.
Bittax makes no claims, promises, or warranties about the accuracy of the information provided herein. Tax advice cannot be provided on a general basis and must be specifically tailored for each individual by his or her representative. Everything included in this Site, the Services, or any deliverables thereof, is nothing more than our opinion and is not, and should not be relied upon as, a statement of fact.
YOU ACKNOWLEDGE AND AGREE THAT NOTHING IN THE SITE, THE SERVICES, OR ANY DELIVERABLES THEREOF, NOR ANY INFORMATION CONTAINED THEREIN, ARE INTENDED, OR SHOULD BE RELIED UPON, TO REPLACE INDIVIDUAL TAX ADVICE, TO MEET THE TAX AUTHORITIES POSITIONS OR REQUIREMENTS, TO GUARANTEE AN ACCURATE OR TRUE TAX OBLIGATION, TO BE APPROVED OR ACCEPTED BY THE TAX AUTHORITIES, OR IN ANY WAY TO OBLIGATE THE TAX AUTHORITIES.