The Report Summary provides an overview of all other reports in one easy-to-read format. This guide explains the different sections included in the report.
Report Details
Currency - This is your native currency based on your chosen country.
Total transactions - The total number of your transactions on the Transactions page.
Transactions in timeframe - The number of your transactions for the selected financial year. You can check this on your Transactions page by filtering for the financial year. In this example, I have 862 transactions for the selected financial year.
Tax Settings
This is the Inventory Method and Cost Basis Tracking you used for the selected financial year. You can check and change your Inventory Method and Cost Basis Tracking on your Settings page.
Capital Gains Summary
The Capital Gains section shows the summary of all the capital gains and losses that you have made during the selected tax
Details | Description |
Short Term Capital Gains | Short Term Capital Gains are calculated based on gains made on assets held for a short-term period. The threshold is set to the default period of the country you have chosen and can be changed on the Settings page. |
Long Term Capital Gains | Long Term Capital Gains are calculated on gains held for longer than your chosen long-term threshold. In Australia and the US, for example, this occurs when the asset is held for more than one year. As mentioned above, this threshold can be changed on the Settings page. |
Total Capital Losses | Total Capital Losses are calculated on transactions that made a loss instead of a gain. This figure can then be used to offset the capital gain. |
Net Total Capital Gains | Net Total Capital Gains is the calculation of short and long term capital gains minus the total capital losses.
For a more thorough breakdown of your capital gains download the Capital Gains Report. |
Income
The Income section shows the summary of all your income during the selected financial year. The transaction types treated as Income are based on your tax toggles.
Note: It does not include income earned from leverage/margin. These transactions can be found in the Derivative Trading Report.
Details | Description |
Total income received from ‘Airdrop’ category. | |
Total income earned from ‘Income’ category. | |
Total income earned from 'interest' category. | |
Total income earned from ‘Staking Reward’ category. | |
Total income earned from ‘Mining’ category. | |
Total income earned from ‘Royalties’ category. | |
Total Net Income |
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For a more thorough breakdown of your income, download the Income report.
Trading Profit and Loss
The Trading Profit and Loss section is a high-level summary of the profits and losses made during the selected financial year.
Details | Description |
The total profit earned from ‘Realized Profit’ category during the selected reporting period. | |
The total losses from ‘Realized Loss’ category during the reporting period. | |
The total of all ‘Margin Fee’ category during the reporting period. | |
Total Net PnL | The total profit or loss from trading derivatives during the reporting period (note: this number can be positive or negative. Positive if you made a profit, Negative if you made a loss).
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For a more thorough breakdown of your trading profit and loss, download the Derivative Trading Report.
Overall Gains
The Overall Gains section displays the combined totals of Capital Gains, Income, and Trading Profit and Loss (Total Net PnL) from the previous section, providing the 'Total Net Gains'.
Total Net Capital Gains + Total Net Income + Total PnL = Total Net Gains
Undisclosed Gains
The Undisclosed Gains section shows the total values of transactions categorized as ‘Personal Use’.
Report Warnings
The Report Warnings section highlights any unresolved issues within the platform that still require attention. Once all items on the Review page have been addressed, this section will be empty.
If warnings appear here, they indicate potential inaccuracies in your report. This could result in overpaying taxes, so further review and adjustments are recommended.
Report Summary
Report Summary shows the breakdown of the assets involved in the above summaries.
The Report Summary can be broken down into seven columns of data as explained below.
Details | Description |
Currency | The token/coin/currency that was traded during the reporting period |
Proceeds | The market value of the asset at the time of disposal. |
Cost (ex Fees) | The cost base of an asset is the cost associated with acquiring, holding, and disposal of the asset, excluding all fees. |
Fees | The fees paid when trading a coin. Excludes miscellaneous fees and any forwarded fees |
Capital Gains | Any capital gains or losses made during the reporting period |
Other Income | The value of any income that was earned during the reporting period. This includes profit or loss from margin trading, income, interest, staking rewards, airdrops, mining, and royalties. |
Total Gains | The total gains made during the reporting period.
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Report Balances
The Report Balances section provides an overview of Opening Balances and Closing Balances for each asset during the reporting period, as well as the Quantity Traded and Quantity Income.
Details | Description |
Currency | The asset held during the reporting period. |
Opening Balance | The amount of the asset that was held at the start of the reporting period. |
Quantity Traded | The amount of the asset that was disposed of during the reporting period. |
Quantity Income | The amount of income that was received during the reporting period |
Closing Balance | The amount of the asset that was held at the end of the reporting period. |
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