The Transaction Label Stock Purchase is used to record the outflow of assets that were used to purchase stocks (shares or similar assets). The transaction is valued based on the market value at the time of the outflow.
It can be used, for example, when the incoming or purchased stocks should not or cannot be represented in Blockpit, such as when you manage the tax reporting for your stock portfolio separately and only want to document the outflow of assets used for the purchase (e.g., cryptocurrencies or fiat) within Blockpit.
> Basics on Labeling and Merging of Transactions
🎓 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 Stock Purchase transaction?
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 Stock Purchase.
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 Stock Purchase 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 Stock Purchase 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.ort.
How are fees taken into consideration for Stock Purchase?
Example: Stock Purchase 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