When CoinTracker finds an outgoing Send without a matching incoming Receive, it classifies the outflow as a disposal. If the receiving wallet is yours, connecting it lets CoinTracker pair the two transactions as a transfer. A Send you edited into a Trade needs a separate Receive instead.
Why this matters for your taxes
Disposals are taxable events. When a transfer between your own wallets is misclassified as a Send, CoinTracker calculates a capital gain or loss on it, which can inflate your taxable liability on your tax report.
Fix transfers marked as Send
CoinTracker categorizes transactions based on the data from your synced wallets and exchanges. If the receiving wallet is not connected, the outgoing transaction appears as a Send by default.
- Confirm the receiving wallet address or exchange account is one you control.
- Go to your CoinTracker dashboard and select Add wallet.
- Sync the receiving wallet or exchange by connecting via API, public address, or by uploading a CSV file.
Once both wallets are synced, CoinTracker automatically pairs matching outflows and inflows as transfers. Note: For the pairing to work, the send and receive amounts must match and the timestamps must align closely.
For a walk-through of each connection method, see how to add a wallet or exchange to CoinTracker.
If your wallet is not supported
Use the CSV import method. Prepare your transaction history as a CSV file, following CoinTracker's formatting requirements. Make sure the dates, times, and amounts align precisely with the sending wallet so CoinTracker can pair the transactions.
Why did my Send turn into a Trade?
A transaction with both an outgoing and an incoming asset is a Trade. If you edit a Send and add the asset you received to it, CoinTracker records a Trade, not a Transfer. To record it as a Transfer, remove the asset you added and record the incoming side as its own Receive in the wallet that received it.
- Go to the Transactions page, select the [...] icon next to the Trade, and select Edit transaction.
- Select the [...] icon next to the incoming asset you added and select Delete asset.
- Select Save transaction. The transaction returns to a Send.
- Add a Receive transaction to the wallet that received the asset, with the same asset, amount, and date and time as the Send.
CoinTracker links the Send and the Receive as a Transfer when they match. If they are not linked, link the two transactions as a Transfer.
If a transfer is flagged as Review suggested
A Review suggested flag on a transfer often points to an insufficient quantity error, which can cause cost basis to display incorrectly. To resolve the flag, see how to resolve review suggested transactions.
If you run into any trouble, please do not hesitate to reach out to our support team via Chatoshi for help.