Describe the problem:
The borrowed stable coins for Binance Margin Trading is counted as holdings and being added to the total value of my portfolio. But they should be counted as debt and subtracted from the total value, otherwise the total value is much higher than it really is.
In the concrete case, I borrowed 50k in USDT and exchanged it for BTC. However, both this BTC and the borrowed USDT are added to my total value, therefore I have now 100K in total value. In fact, if the BTC price doesn’t move, I should have a total value = 50k (Value of BTC holding) - 50K (Value of USDT loan) - Interest, which should be negative.
Which exchange/wallet is this regarding?
Binance
How did you import data into this wallet?
Binance Tax Report API
What have you tried to fix this so far?
Don’t know how to fix it