- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You can't upload Coinbase files directly from Coinbase anymore; they have been removed from the import option. However, you can import your spreadsheet, so you don't need anything from Coinbase if you have everything in your own spreadsheet. Scroll up this thread a couple of posts and you will see the OP's example. As long as your spreadsheet has those 5 columns titled that way, you can import your own CSV file.
Save a copy of your spreadsheet and then create a version to import to TurboTax. Be sure to save the file as a Comma Separated Values (comma delimited) CSV file. And when you import the file, you can choose any exchange listed (I used BitTaxer) if you are importing your own CSV file.
Each transaction line item has to have to purchase date and a sold date. TurboTax (or you if you are summarizing data) will use the 2 dates to determine if the transaction is long-term or short-term.
How do I report Bitcoin or other cryptocurrency as a capital gain?
Cryptocurrency airdrops are (usually) free distributions of coins or tokens into multiple wallet addresses to promote and drive the adoption of a new virtual currency. Recently, the IRS ruled that airdrops, along with promos and staking rewards, only become taxable once the taxpayer "acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency." Airdropped currency not yet usable or accessible would therefore not be taxable until the taxpayer is able to exercise control over it. More info
Step 2 - Enter in TurboTax @evmalia
**Mark the post that answers your question by clicking on "Mark as Best Answer"