Hello, hoping you can help me organize my account for the next tax year.
With my 2019/2020 tax year finished, I plan to leave my current portfolio for 12 months for potential CGT reductions.
If I wanted to make additional purchases in the new tax year & trade, can I in any way “partition” my account for FIFO purchases after 1/7/2020 and not effect the cost basis of my previous purchases?
I want to consider this year as a separate portfolio.
Thanks for the help!
What you can do is make your new purchases in a separately wallet/exchange and then change your settings to account for taxes “by wallet” instead of “universally.” Would that resolve your issue?
That might be a solution if I can open multiple accounts on a few exchanges with new API’s.
It might also then be better to open a 2nd Cointracking account to keep each portfolio clean rather than switching settings. Would you allow this with without a 2nd subscription purchase?
Ping us the email to feedback [at] cointracker.io, let’s see what we can do.