So what do the figures in the ‘Reports’ all represent?

Let’s do an analysis of the example in the screenshot above.

Overall gain is calculated by:

Overall gain = Short-Term Capital Gains + Long-Term Capital Gains + Total Capital Losses + Other Income

This value represents the sum of all the realized short-term gains from your transactions in the financial year in which you have realized that gain (i.e., sold your cryptocurrency)

The term ‘short-term’ will depend on your tax jurisdiction and the country you are residing in, however, in most countries, a short-term gain is described as any gain made on an investment held for less than 1 year.

For example

If you bought 1 BTC for $5000 in March 2020 and sold it for $10,000 in January 2021; this will show up as a short-term capital gain of $5000 which is reported in the 2021 Financial Year period.

NOTE: despite purchasing the BTC in 2020, the transaction gets reported in the financial year in which the BTC was sold.

This value represents the sum of all the realized long-term gains from your transactions in the year in which you have realized that gain (i.e., sold your cryptocurrency).

The term ‘long-term’ will depend on your tax jurisdiction and the country you are residing in, however, in most countries, a long-term gain is described as any gain made on an investment held for more than 1 year.

In this example above, the user didn't have any long-term capital gains.

For example:

If you bought 1 BTC for $1,000 in March 2019 and sold it for $10,000 in January 2021; this will show up as a long-term capital gain of $9,000 which is reported in the 2021 Financial Year period.

NOTE: The reason we have separated short-term gains and long-term gains is due to the different tax laws which apply to each. You can adjust the rules relating to these on the settings page in the app. Please see your accountant or visit your local tax office website for more information.

This value represents the sum of all your realized capital losses from your transactions in the year in which you have realized that loss (i.e., sold your cryptocurrency).

NOTE: Capital losses do not get separated in the same way as short-term gains and long-term gains.

This value represents the total of your realized gains + realized losses from income-bearing activities.

This can include receiving cryptocurrency as a wage, cryptocurrency received from referrals & surveys, and also trading activities when operating as a business which includes trading margins, futures, etc…