Turnqey Labs retweetledi
I’m often asked (especially by prospective investors) how does @TurnqeyLabs
differ from other data providers. Beyond our singular focus on the wealth management space we excel at the following:
1. Lot level cost basis and realized/unrealized G/L. We compute basis per tax lot, consume lots (FIFO) on every disposal, and derive realized G/L and unrealized G/L accrual grade accounting built from raw transaction history.
2. Per account/per sub-account reporting.
Every balance row carries its own accountID. We report at the account level advisers bill and review on.
3. Basis travels across internal transfers. Move coins spot→staking and the basis follows instead of resetting into a phantom gain. Ask anyone in crypto and they’ll tell you cost basis doesn’t travel….until now.
4. Swap/convert pricing off the client's own history, not today's spot. For example a 2022 ETH→BTC swap is valued with 2022 evidence.
5. Transaction type aware classification and stablecoin face value. Coinbase has ~38 event types (buys, sells, converts, wraps, advanced-trade fills etc ) and we classify them rather than lump them together which is sadly the industry standard.
6. Honest abstention. When history can't support a real basis, we return ‘unavailable’ instead of a fabricated number (we bolster this with our manual entry feature). That defensible numbers posture we reconcile against raw transactions, and ship behind flags with rollback is the data integrity our reputation rests on.
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