The locking periods feature in Crypto Tax Calculator (CTC) helps you manage your tax reports by locking them for specific periods, usually financial years, using your chosen tax settings. Once a period is locked, no changes can be made unless it’s unlocked, which could impact your reports.
You can learn more about how this feature works in our Lock Periods Feature guide.
Why Reviewing Matters
Before locking a period, it’s important to resolve all issues listed on the Review page. Here’s why:
It ensures your balances are accurate.
It tracks your cost basis correctly, so future tax calculations are reliable.
Taking the time to resolve these issues now helps avoid problems like incorrect cost basis calculations when assets are sold in the future. If you skip this step, you might need to unlock the period later to fix reports, which could complicate things for future tax years.
For more details about the impact of unlocking periods, check out the Lock Periods Feature guide.
How to Resolve Issues
We’ve created a helpful collection of guides to help you resolve issues step by step. Check it out here.
If you have questions or need support, we’re here to help! Reach out to us anytime through the in-app chat in the bottom-right corner or send an email to [email protected].