Thanks for the response!
It's pretty complicated. Not only are there purchases and sales, but there's also rewards and interest earned, for which there's thousands of transactions, but also farming - in which coins are constantly being swapped for one another - accounting for thousands more transactions. To make things more difficult, there were also several times that hackers stole coins, and three exchanges that filed for bankruptcy while holding my coins. All of this occurred across several centralized exchanges, several decentralized exchanges, several custodial wallets, several self-custody wallets, and various other DeFi protocols for borrowing, lending, farming, and staking.
Last year I had to pay taxes on the value difference of the crypto when transferred to another wallet/exchange. So I paid interest on unrealized gains because everything went up in value. This year I have tens of thousands in unrealized losses from everything losing value. Do I not get to count those? I'm going to use Koinly to create a single csv file of all my crypto activity and then import it into Turbotax. Last year was a nightmare because it kept rejecting the file without saying why. Nobody at Turbotax had any idea what to do with crypto so I basically had to spend over 100 hours researching, testing, combining transactions manually, recoding transactions, etc... I'm trying to determine if Turbotax can even handle this before spending all the time and money in their system.
