First of all, welcome back!
CryptoTrader.Tax makes it easy to pickup right where you left off to generate your new tax reports. All of your transactions from prior years are stored safely within your account. To generate your reports for this year, you only need to import your new transaction data.
In the this article, we discuss who is considered to be a returning user as well as the process of importing your new transaction data to generate your tax reports.
Who is a returning user?
Anyone who has a finalized report from a previous tax season is considered a "returning user" by CryptoTrader.Tax.
In other words, if you generated your tax reports last year and are coming back to do so again this year, the application is treating you as a returning user!
How can I import my new data as a returning user?
You can import your new data the same way you did last year. You simply need to import all of your new transaction data from the crypto platforms you've used throughout the year.
If you are "updating" your data from a platform you have previously imported from, the application will behave slightly differently. We walk through each data import case below.
API → API
If you imported your data automatically via API last year, you simply need to re-sync the API. The API importer will pickup where you left off and import all of your new transactions.
File Import → API
If last year you imported a transaction history file from an exchange but this year you want to use API methods, you will be prompted with a filter upon syncing via API (pictured below).
This filter clears out current year tax data (in this case starting from Jan 1, 2020), and starts there with the API import. This makes sure that no duplicate data gets imported.
File Import → File Import
If you imported via transaction history file last year and are importing another transaction history file this year, you will be prompted with a filter upon import.
In the same fashion as above, this filter clears out any current year data (in this case 2020), and imports from Jan 1, 2020 from the file you are importing. This ensures that no duplicate data gets imported, and makes it so that you don't have to manually edit your file.
If you started using a new platform this year that you didn't import from last year, you should simply "Add the Account" and import your data completely. No filters need to be applied to prevent duplicate data.
Have any questions? Our support team would be happy to help :)