I would like to know best practices for making manual entries of staking rewards. In my case I am staking on the Theta blockchain, but this could relate to any other unsupported chain that provides staking rewards, particularly those that provide frequent staking distributions.
In the case of Theta, my node wallet receives small staking rewards multiple times per hour. This frequency makes it impractical to manually enter every transaction. In the absence of an automated system, the only feasible option I can see is to create larger less frequent transactions manually that represent the accumulated rewards for a given time period.
The problem with that comes when there is a large price swing during the time period, which I believe will result in an inaccurate cost basis (for tax purposes).
Is there a different strategy that I am missing?
Obviously Cointracker has to draw the line somewhere concerning which chains to fully support and which not. I guess I’d just like to emphasize that chains with more frequent transactions provide a stronger use case for full support, even if they are lower market cap.