The Report Summary is a report that shows an overview of all of the other reports in one easy to read format;
At the top of the Report Summary, you will find the Report Details which includes the Country you’re reporting under, the default Currency for that country, the chosen Inventory Method, and your Cost Basis Tracking.
Both the Inventory Method and Cost Basis Tracking can be changed from the setting page.
For more information on these settings and their consequences, please view the following articles:
Capital Gains Summary
Just below the Report Details, you will reach the Capital Gains summary, which will all look like the above image. This is a summary of all the capital gains/losses that you have made during the selected tax period.
Short Term Capital Gains
Short Term Capital Gains are calculated on gains that have been made on assets that you have held for a short-term period. This threshold will be 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 the gains that had been held by you 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/long term capital gains minus the total capital losses.
Short Term Capital Gains + Long Term Capital Gains - Total Capital Losses = Net Total Capital Gains
For a more thorough breakdown of your capital gains download the Capital Gains Report.
Moving down from the Report Details and Capital Gains summary, you will reach the Income Summary, which will look similar to the above image. This is a summary of all the income that you have made during the selected financial year, not including income earned from leverage/margin (These transactions can be found in the Derivative Trading Report);
The Income summary categories in this report can be found below:
Total income received from airdrops during the selected dates.
Total income earned from the category Income.
Total income earned from interest payments.
Total income earned from staking rewards.
Total income earned from mining.
Total income earned from NFT royalties.
Total Net Income
Total Net Income = Airdrop + Income + Interest + Staking + Mining + Royalty
For a more thorough breakdown of your income, download the Income report.
Trading Profit and Loss Summary
Moving down from the Income summary, you will reach the Trading Profit and Loss Summary, which will look similar to the image below. This is a high level summary of the profit and loss that was made during the reporting period. This will be broken down into three areas as explained below;
The Profit & Loss Summary will be broken down into three areas as explained below:
The total profit earned from trading derivatives during the selected reporting period.
The total losses from trading derivatives during the reporting period.
The total of all margin fees paid 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).
Trading Profit + Trading Loss + Margin Fee = Total Net Profit
For a more thorough breakdown of your trading profit and loss download the Derivative Trading Report.
Below the Trading Profit and Loss summary, you will reach the Overall Gains Summary, which will look similar to the below image. This is just adding the totals of the three above areas to give the Total Net Gains;
Total Net Capital Gains + Total Net Income + Total PnL = Total Net Gains
Below the Overall Gains summary, you will reach the Undisclosed Gains Summary. This one is fairly simple and will display any transactions that have been categorized as ‘Personal Use’ in the app;
At the very bottom, you will find the Report Warnings. These are all unreconciled issues within our platform that have yet to be addressed. Once all reconciliations have been completed, this area will be empty.
If you do notice warnings in this area it means that your report most likely isn't as accurate as it could be, and further work is needed.
Scrolling down from the Undisclosed Gains summary to the next page, you will reach the Report Summary. This will show a breakdown of the coins/tokens that were involved in the above summaries;
The Report Summary can be broken down into seven columns of data as explained below;
The token/coin/currency that was traded during the reporting period
The total cost received or the market value of the asset received at the time of disposal.
Cost (ex Fees)
The cost base of an asset which is the cost associated with acquiring, holding, and disposal of the asset, excluding all fees.
The fees paid when trading/buying a coin. Excludes miscellaneous fees and any forwarded fees
Any capital gains or losses made during the reporting period
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.
The total gains made during the reporting period.
Total gains = Capital Gains + Other Income
On the next page, you will reach the Report Balances area. This section will show the balances at the start and end of the reporting period, as well as how much was traded and received as income;
The Report Balances will be broken down into five columns as explained below;
This will be the asset that was held during the reporting period.
The amount of the asset that was held at the start of the reporting period.
The amount of the asset that was disposed of during the reporting period.
The amount of income that was received during the reporting period
The amount of the asset that was held at the end of the reporting period.