The Transaction Label Margin Loss is used to record losses from spot margin trading (spot market) in your integrations. It should only be used if the preferred recording via the Transaction Label “Margin Trade” was not possible.
Margin Losses are determined based of the current market value. In addition, gains or losses from the sale of outgoing assets are determined by comparing the original acquisition cost with the current market value (visible part the extended transaction details under the “Tax” sub-item).
💡 The Transaction Labels “Margin Profit/Loss/Fee” should only be used if the actual transaction chain consisting of loan, margin trade, and repayment has not already been recorded in your Blockpit account. The representation using the Transaction Labels “Receive Loan/Margin Trade/Repay Loan” is therefore always preferable, if possible.
❗ Please also note that the Labels “Derivative Profit/Loss/Fee” should be used for profits and losses from futures, options, and derivative trading.
🎓 More details on the tax implications and categorization of all transaction labels can be found in the tax results under the menu item “Reports” and in the last pages of your tax report.
How do I create a Margin Loss?
Open your Blockpit Account and click on the top menu item Transactions.
Now select + Transaction.
Enter the Date and Time of the transaction.
In case of a manually created transaction directly in the WebApp, use your local time.
If the transaction is imported via CSV/Excel, use the standard exchange time UTC.
Now select the Transaction Label Margin Loss.
Now enter the Integration, Asset and Amount. If you paid Fees, enter them with quantity and currency as well.
Tip: In the input fields for assets, you can enter the short name (BTC) or long name (Bitcoin) as a search term to narrow down the search of the displayed list. If your asset is not selectable, you can get more information here.
Finally, click Save to complete the process and display the transaction in the Integration.
🧮 Effects of manually created transactions on your integration balance
If a Margin Loss is created as a manual transaction in a Manual Integration, it will have a direct impact on the displayed asset balance of your integration.
If a Margin Loss is created as a manual transaction in an Exchange or Wallet Integration, it will not directly affect the automatically and independently imported synced asset balance of your integration, but it will affect the calculated asset balance and your tax report.
How are fees considered in case of Margin Loss?
Example: Margin Loss of 1 BTC with 0.0001 BTC fee.
Fees are mostly considered on the withdrawal side, but can also occur on deposits.
Fees, if paid in the outgoing asset, will be considered as follows:
If fees are paid in the outgoing asset:
"The fee is treated as a separate outflow."
Outgoing Amount: Net transaction amount (amount excluding fees)
Fee Amount: Enter fee amount extra