I think I’ve found the answer as to why Coinbase’s file isn’t working.
They sent an email out regarding crypto taxes to account holders. I’m the email:
File your return
To help you calculate your gains and losses and save on filing your tax return, Coinbase has partnered with CoinTracker and TurboTax®.
- Know what you owe with CoinTracker
Sign up for CoinTracker using your Coinbase account to automatically calculate your crypto gains and losses for up to 25 transactions for free. First-time CoinTracker users also get 10% off paid plans as Coinbase customers. - File for less with TurboTax
Use TurboTax Premier (there is a $15 discount for CoinBase users on their website under the tax information), which easily handles cryptocurrency gains and losses reporting when you upload your CoinTracker report.
I’ve highlighted and bolder the last sentence above. Looks like Coinbase is forcing us into CoinTracker to use with TurboTax. I had barely too many transactions overall to qualify for the free CoinTracker download so I cannot confirm if that .csv file actually works or not. I did find though that I only had 3 sells for 2020 so that was the data I pulled to manually enter into Turbo for gains/losses this year.
hope this helps!
