So, is it correct that he needs to then file his own separate tax returns (Federal + State) for 2020, 2021 and 2022 even though he is still a minor? yes a minor must file a return if they meet any of the filing requiremntrs for that year as I provided. as stated money earned from SB and related ativities would be self-employment income and if over $400 for any year a return needs to be filed. for the Coinbase reporting see these threads. As stated buying giftcards woud seem to be a personal item and would not affect the filing requiremnts or the tax return reporting
https://ttlc.intuit.com/community/taxes/discussion/entering-or-importing-crypto-from-coinbase-in-tur...
https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/download-csv-file-coinbas... I do not know if reports are available for 2020 and 2021
https://www.bing.com/videos/search?q=how+to+import+coinbase+transactions+into+Turbotax&qpvt=how+to+i...
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further you can find other threads by using this phrase as a search perameter (no quotes)
"how to import coinbase transactions into Turbotax"
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Turbotax only imports the transactions or they are entered manually. CoinBase genrates a profit loss report that can be imported (2020 and 2021?)
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for 2020 and 2021 you need the Turbotax desktop software . TT says the premier version is needed for crypto transactions
https://turbotax.intuit.com/personal-taxes/past-years-products
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2020 ans 2021 can be filed now by mail - no efile.
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2022 certainly (online or desktop - you would need to download his 2021 taxfile if using online for 2022 so any 2021 info would be transferred) can be started and if there is a need for your joint return (kiddie tax) you can save it and finish when your returns are done. if you e-file 2022 use zero for prior AGI since no timely return was filed.
