What do the Transaction Details mean?

From your My Transactions page where you see a full list of all of your transactions, you have the option to drill into any transaction to see additional details about it. Depending on what transaction type you drill into, you'll see different sets of details become visible.

Once you've opened up the Transaction Details modal, there are some commonalities that you'll see even across different transaction types. Such as the small "+" symbols that allow you expand a section, to see even more details:

As you can see from the screenshots above, for a "Buy" transaction, you'll see the exchange where the transaction took place, the date, and the amount of crypto purchased, all at the top.

Once expanded, in the bottom section, you'll see the crypto amount again, as well as the market price, any fees associated, and the total cost of the purchase.

Transfers in and out will look very similar, but sales and trades will contain additional details:

Sales, Trades, Expenses: One import addition to the Transaction Details module for these transaction types is the "Cost Basis" section. These transaction types are considered "Taxable", which means we'll be calculating a gain/loss on these asset disposals (see What Is Cost Basis for more details). In order to calculate a gain/loss, we'll need to know how much you paid for the asset when you originally acquired it, AKA your Cost Basis:

Have additional questions? Feel free to check out articles from the rest of our knowledge base!

Still have questions? Please reach out to us directly using the in-app Support widget in the bottom-right of your screen, or email support@taxbit.com, and we'd love to help you out!