At a glance
▸ Label: Stock Sale ▸ Direction: 📥 incoming (inflow) ▸ How the app describes it: “You received cryptocurrencies from selling real stocks.” ▸ Where to find it: + Transaction › Transaction Label › group Incoming ▸ Do not confuse with: Trade, Margin Trade, Stock Purchase |
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.
🎓 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 appendix of your tax report.
How do I create a Stock Purchase transaction?
1️⃣ In your Blockpit account, click the Transactions menu item.
2️⃣ Then select + Transaction.
3️⃣ Enter the date and time of the transaction.
ℹ️ For a transaction created manually directly in the web app, use your local time.
ℹ️ For a transaction imported via CSV/Excel, use the standard exchange time UTC.
4️⃣ Now select the Transaction Label Stock Purchase.
5️⃣ Now enter the integration, asset and amount. If you paid fees, enter them with asset and amount as well.
💡 Tip: In the asset field, enter the short name (BTC) or the long name (Bitcoin) to narrow down the list. If you cannot find your asset, this overview will help.
6️⃣ Finally, click Save to complete the process and show the transaction in the integration.
What happens to my balance?
How a manually created transaction affects your balance depends on the type of integration:
Integration | Effect |
Manual integration (CSV/Excel) | directly changes the displayed balance of the integration |
Automatic exchange or blockchain integration (API) | does not change the imported Synced Balance, but it does change the calculated balance and therefore your tax report |
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, are 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 paid: enter the fee separately
Blockpit does not provide tax advice. For specific legal questions, please contact a tax advisor.