I'm relatively new to Python scripting and have been hand entering things while I'm learning, but this looks very interesting considering the volume of transactions that can occur with cryptos when the bull market heats up.
How do I install this? (I'm using Windows 11 but I can use pip on command line) On Saturday, February 17, 2024 at 6:23:37 PM UTC-5 [email protected] wrote: > 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. 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