The transaction type Deposit is used to record incoming assets in your account. Unlinked Deposits must either be linked to the matching withdrawal according to these instructions or edited to the appropriate transaction type.
Deposits themselves do not trigger taxable gains or losses, but merely transfer information such as acquisition cost and acquisition date when linked to Withdrawals to take into account FIFO (First In - First Out) or other calculation methods.
If a Deposit remains open/unlinked, the assets received in the form of this unlinked Deposit are measured at market value at the time of inflow.
How to create a Deposit?
- Open your Blockpit Account and click the top menu item on Create New.
- Now select Add Transaction.
- Now choose the appropriate Depot and the transaction type Deposit.
- Enter the date and time of the transaction and confirm with Continue.
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 enter the quantity and currency for the incoming asset. If you paid fees for the transaction, enter them in quantity and currency as well.
Tip: In the input fields for the currencies, the short name (BTC) or long name (Bitcoin) can be entered 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 Create to complete the process and display the transaction in the Depot.
If a Deposit is created as a manual transaction in an Unsynced Depot, it will have a direct impact on the displayed asset balance of your depot.
If a Deposit in an Exchange or Wallet Depot is created as a manual transaction, it will not directly affect the automatically and independently imported asset balance of your depot, but it will affect the final balance of your tax report.
How are fees taken into consideration for Deposits?
Example: Deposit 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 incoming 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
If fees are paid in the incoming asset:
Case1: No additional fee on the deposit side.
Incoming Amount: Net transaction amount (amount excluding fees)
Fees Amount: Enter nothing or 0
Case2: Additional fee on the deposit side.
"If the fee is paid in the incoming currency, the input must be increased by the amount of the fee. The fee will be treated as a separate outflow."
Incoming Amount: Net transaction amount (amount excluding fees) + fee amount
Fee Amount: Enter fee amount as well