Crypto and digital assets under ASC 350-60.

Scan

Connect a wallet. Scan the chain.

Quoining scans Ethereum, Polygon, BSC, and Arbitrum addresses for transaction history. Each transaction is categorized (purchase, sale, staking, DeFi) and routed through SmartGL for posting.

• Ethereum, Polygon, BSC, Arbitrum scanning.
• Purchase, sale, staking, DeFi categorization.
• SmartGL auto-generated JEs.

Valuation

Fair value under ASC 350-60.

Period-end mark-to-market posts the unrealized gain or loss to net income under ASC 350-60 (ASU 2023-08). FIFO tax lot tracking computes realized cost basis on dispositions.

Tax reporting

Lot-level Form 8949 with the holding period split out.

Each disposition is traced to the specific tax lots it relieved, and Form 8949 emits one line per consumed lot - each with its own acquisition date, cost basis, and short- or long-term classification. A sale that draws down lots of different holding periods is split across the right buckets instead of collapsed into one row, and network fees paid in crypto are treated as taxable dispositions with their own realized gain or loss. Sales that are categorized but not yet posted are flagged so they are not silently omitted from the report.

• One 8949 line per consumed lot, with per-lot acquired date and basis.
• Short- and long-term split automatically; no "various" bucket.
• Network fees paid in crypto recognized as taxable dispositions.

Why Quoining

ASC 350-60 native, not a CSV from a crypto subledger.

Teams holding digital assets usually run a separate crypto subledger and import summaries, which auditors then unpick. Quoining scans wallets directly, maintains tax lots, marks to fair value under ASC 350-60, and posts the entries.

• Wallet scans with on-chain transaction detail and tax-lot tracking.
• Fair-value remeasurement posts through the standard review flow.
• Lot-level Form 8949 reporting from the same records.