Blockpath automatically calculates and places your capital gains into QuickBooks in a parent income account named 'Crypto Capital G/L'.

Bitcoin held for less than one year is placed into a sub-account named 'Crypto Capital G/L - Short Term', while gains from longer than one year are placed into 'Crypto Capital G/L - Long Term'.

Capital G/L Income Accounts

To view a report, find the income account in the QuickBooks Chart of Accounts and click 'Run Report'. Change the report period to 'This Year-to-Date' to see this years capital gains.

You can export the data as Excel or PDF from QuickBooks by clicking the export button in the top-right are of the report's header bar.

Select report period and export

Capital Gains Report

How does Blockpath calculate capital gains?

We use FIFO across all addresses included in the 'QuickBooks Accounts' section of the Wallet Manager. More details are available in the 'Docs' section of the app.

Leave a comment if you need a different accounting method supported, we can look into implementing it.