Introduction
After Accounts and Account Owners have been established in the TaxBit system, Transactions can be sent for Accounts. Currently, TaxBit supports ingestion for US Reporting based transactions. The template supports the following transaction types –
- Deposit (Including Transfer In)
- Withdraw (Including Transfer Out)
- Income
- Expense
- Trade (Including Buy / Sell)
In addition, the following Transaction Subtypes are supported, for each of the Transaction Types –
| Transaction Type | Transaction Subtype |
| Deposit / Transfer In | ACH |
| Debit | |
| Blockchain | |
| Card-Reward | |
| Cost-Basis-FMV | |
| Withdraw / Transfer Out | ACH |
| Blockchain | |
| Gift-sent | |
| Income | Airdrop |
| Interest-Crypto-Backed | |
| Interest-Fiat-Backed | |
| Medical-Payment | |
| NEC | |
| Payment-Goods | |
| Payment-Services | |
| Referral-Bonus | |
| Rent | |
| Reward | |
| Staking-Reward | |
| Royalties | |
| Other | |
| Gross-Proceeds-Paid-to-an-Attorney |
US Reporting
The sheet attached to this article (US_Transactions_Guide) outlines the information required for each Transaction. This table provides clarity on what data needs to be populated and how it should be formatted for successful ingestion into our system.