Introduction
Welcome to our guide on understanding and navigating your tax report. Designed with clarity in mind, this guide aims to decode the report's structure and translate it into straightforward, easy-to-understand information. In this guide, we'll show you how to interpret the data in your report.
Section 1: Settings
Users can tailor their preferences on the settings page prior to generating a report. This includes various options such as choosing a country and setting the tax report period. After the report has been generated and downloaded, users will be guided to the overview, as outlined in Section 2. The following information highlights the most important settings for the Netherlands.
Important Settings
Accounting method
We provide multiple accounting methods for calculating gains and losses. Supported methods include:
First-In-First-Out (FIFO)
Last-In-First-Out (LIFO)
Highest-In-First-Out (HIFO)
FIFO
FIFO assumes that the first assets you acquired are also the first ones sold or exchanged.
LIFO
LIFO assumes that the last assets you acquired are the first ones sold or exchanged.
HIFO
HIFO assumes that the assets acquired at the highest cost are sold first.
Each method has its own advantages depending on your local tax regulations and personal situation. FIFO is commonly used in the Netherlands.
Automatic depot separation
The "Depot Separation" feature automatically recognizes deposits and withdrawals and assigns them to the corresponding exchange or wallet.
Normally, CoinTracking calculates balances across all wallets and exchanges together. When Depot Separation is enabled, each wallet or exchange is treated separately.
Group by day
Enable this option to group purchases and sales by day instead of exact timestamps.
This can help if imported transactions contain incorrect time zones or if purchases and sales appear slightly out of order.
FIAT Warnings
By default, a warning is displayed when assets are purchased in a FIAT currency that does not exist in your account.
Foreign FIAT PnL
By default, gains and losses from foreign FIAT currencies are treated like gains and losses from cryptocurrencies.
If disabled, profits and losses from foreign FIAT currencies will not appear in the final report.
Conversion
All trades must be converted into your selected FIAT currency at the time of the transaction in order to calculate gains and taxes correctly.
For more details, please refer to the separate Conversion FAQ.
Previous trades
The setting "Consider all previous trades in report before your selected date" includes all earlier transactions required to calculate accurate acquisition costs and balances.
Tax treatment of unused loans
By default, loans that are not actively used and are simply returned later are treated as tax-neutral with zero proceeds.
Disable this setting if you want gains and losses to be calculated for unused loans as well.
In addition to the functionalities already discussed, our platform offers many additional settings. Each setting includes an information icon ("i") with a detailed explanation.
Section 2: Overview
The tax report classifies transactions according to Dutch tax regulations.
In the Netherlands, cryptocurrencies are generally treated as assets under Box 3 of the Dutch tax system. Taxation is based on the assumed value of total assets rather than realized capital gains.
Taxpayers are taxed on the value of their crypto holdings as of January 1 each year. Assets below the applicable exemption threshold are generally tax-free under Box 3.
Crypto trading by private investors is usually not directly taxed as capital gains. However, commercial activities such as professional trading, mining, or certain lending activities may fall under Box 1 and be taxed as regular income.
NFTs are generally treated as capital assets under Box 3.
Gifts may be tax-free below certain thresholds, while larger gifts can become subject to gift tax depending on the relationship between the parties involved.
Lost or stolen cryptocurrencies may potentially be deductible if sufficient documentation is available.
The detailed explanations inside the report help clarify how each transaction category is treated.
The report includes the following sections:
Taxable income from cryptocurrency & NFT trading
1.1. Portfolio balance as of 01.01.2026
1.2. Change in portfolio balanceCrypto Income Box 3
2.1. Realized gains/losses from cryptocurrency trading
2.2. Realized gains/losses from NFT trading
2.3. Realized gains/losses from derivative, margin and futures trading
2.4. Other income under Box 3Ongoing income from cryptocurrency & NFT trading
3.1. Ongoing incomeOther cryptocurrency & NFT payments
4.1. Incoming donations and gifts
4.2. Outgoing donations and gifts
4.3. Lost and stolen coins
4.4. Mining (commercial)
4.5. Minting
Taxable Income from Cryptocurrency Trading
This section includes cryptocurrencies purchased at one point in time and later sold, exchanged, or spent.
Transaction types commonly triggering gains include:
Trade
Spend
Fees in cryptocurrency
Remove
Provide liquidity
Example
A purchases 1 BTC for 10,000 EUR on 01.07.2025.
On 31.07.2025, A sells this BTC for 20,000 EUR.
A realized gain of 10,000 EUR is recorded under:
2.1. Realized gains/losses from cryptocurrency trading
Profits from Margin, Derivatives, and Futures Trading
Profits from margin trading, derivatives, and futures are generally classified as capital gains or investment income.
Common transaction types include:
Margin gain
Derivatives/futures gain
Margin loss
Margin fee
Derivatives/futures loss
Settlement fee
Example
On July 1, 2025, A realizes a margin profit of 1,000 EUR.
On July 2, 2025, A realizes a margin loss of 500 EUR.
The resulting net gain of 500 EUR is documented under:
2.3. Realized gains/losses from derivative, margin and futures trading
Income
Cryptocurrency income refers to rewards or earnings received from crypto-related activities.
Typical transaction types include:
Income
Reward / Bonus
Staking
Mining
Airdrop
Masternode
Dividends income
Lending income
Interest income
LP Rewards
Other income
Example
On July 1, 2025, A receives a dividend reward of 0.5 BTC valued at 20,000 EUR.
This income is recorded under:
3.1. Ongoing income
Other cryptocurrency & NFT payments
The following transaction types are shown separately because their tax treatment may vary:
Donations
Gifts
Lost assets
Stolen or hacked assets
Commercial mining
Minting
Section 3: Transaction List
The Transaction List contains a detailed overview of all transactions during the selected period.
It includes:
Amount — Number of units traded
Date Acquired — Acquisition date
Date Sold — Disposal date
Holding period in days — Time between acquisition and disposal
Long/Short — Classification based on holding period
Type — Transaction type
Cost Basis in EUR — Original acquisition value
Proceeds in EUR — Disposal value
Gain/Loss in EUR — Profit or loss from the transaction
Buy/Input at — Wallet, exchange, or source of the asset