It's 2024, so, time to dust off Magicbeans and prepare 2023 taxes -- hope folks don't mind me bumping this thread. If anyone else is interested in using Beancount to track crypto transactions, take a look below and if you're willing to beta-test and help develop, feel free to reach out to me.
best, eric On Wed, Nov 1, 2023 at 3:49 AM Chary Chary <[email protected]> wrote: > Ok, > > thanks for clarification > > On Tuesday, October 31, 2023 at 5:30:39 PM UTC+1 [email protected] > wrote: > >> No worries. I suspect that a lot of crypto traders/investors fall into >> these categories: >> >> - Casual users who make minimal trades on one or two exchanges. These >> are probably adequately served by existing commercial offerings like >> cointracker.io etc. >> - Professional traders who already have some other professional >> commercial trade recording/reporting software. >> >> For people in between, who are doing something more complex (multiple >> exchanges, offline wallets, mining income, large numbers of transactions or >> lots) but are not professional traders, I suspect that probably most tax >> returns are full of errors that neither the filers nor the IRS are readily >> able to untangle. If the amounts are low, then it's not worth either of >> their time. If the amounts are large, I am not sure. I talked to a tax >> preparer, asking how one would verify the numbers, and he said that >> probably you'd have to engage a mid-to-large accounting firm and hand them >> your raw data -- not sure how they would analyze it. He also said that >> with the IRS it would probably be a bit hit and miss how an auditor would >> handle or analyze it -- they probably wouldn't be reading one's Python >> code, no :) >> >> My goal with Magicbeans was to generate PDF reports which lay out the >> lots in both inventories and transactions such that one could actually >> manually match everything up, even if it would be tedious. The goal was to >> be able to walk into an IRS office with that report and be able to justify >> the cap gains/losses of any sale someone questions. >> >> On Thu, Oct 26, 2023 at 1:11 PM Chary Chary <[email protected]> wrote: >> >>> I know this is an offtopic, but I am just wondering: if it takes that >>> much efforts plus python programming skills to file a tax return, then: >>> >>> >>> - How do other people (mortals) do it? >>> - How on the earth someone is able to verify it? One can't imagine a >>> tax officer debugging a Python code? >>> >>> >>> On Thursday, October 26, 2023 at 8:57:27 PM UTC+2 [email protected] >>> wrote: >>> >>>> I recently filed my 2022 tax return using Magicbeans >>>> <https://github.com/ericaltendorf/magicbeans/> to do detailed lot >>>> tracking and capital gains/losses reporting for my crypto assets. >>>> Magicbeans is a set of tools (importers and report generation tools) built >>>> around Beancount. I wrote it because I was not satisfied with the accuracy >>>> or transparency of existing commercial services for crypto tax reporting. >>>> >>>> Although I was confident enough in the numbers to file my return, I am >>>> equally confident there's a lot of latent issues in the software. I am >>>> looking for folks who (1) are interested in better tools for crypto >>>> transaction tracking, (2) are willing to beta-test and debug some rough >>>> software, and (3) are skilled enough devs (Python) to also contribute >>>> fixes. >>>> >>>> Hope to hear from someone out there... :) >>>> >>>> --eric >>>> >>> -- >>> You received this message because you are subscribed to the Google >>> Groups "Beancount" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> To view this discussion on the web visit >>> https://groups.google.com/d/msgid/beancount/bf16b50b-efe9-463a-a176-ce53960ef347n%40googlegroups.com >>> <https://groups.google.com/d/msgid/beancount/bf16b50b-efe9-463a-a176-ce53960ef347n%40googlegroups.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/075e009b-e7f6-4120-a602-21a8f3d2c431n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/075e009b-e7f6-4120-a602-21a8f3d2c431n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAFXPr0tEQMVJesOnKevQow%2Bo9S7iyvOegrk9ki3h7PrRhHif1A%40mail.gmail.com.
