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Get your taxes done using TurboTax
@KrisD15 Thanks again for this, I really appreciate it!
I've gone through the steps you posted, and I now have just one entry that looks similar to this:
Brokerage Service | Type | Number of Sales | Proceeds from sales | Cost basis from sales | Total gain or loss |
Coinbase Pro | Stocks, bonds, etc | 1 | $xxx,xxx.xx | $xxx,xxx.xx | -$x,xxx.xx |
Totals | 1 | $xxx,xxx.xx | $xxx,xxx.xx | -$x,xxx.xx |
This doesn't feel right to me at all. Wouldn't they need at least an average breakdown for each Coin? Or do they only take the total and compare that to the 8949 Statement (which I'll be mailing to them)?
I'm also concerned about it being reported in the wrong section, as Stocks (rather than as Crypto). The last thing I want is to be in trouble for a stupid technicality like that. Coinbase also does not issue 1099-B forms...
Just for fun, I went back to the Crypto section to attempt entering the "aggregated" amounts. Since I posted this question, they just added an option to select "Something other than a date" for purchasing, but NOT for sales... which makes no sense.
They also still say that you can only enter 75 transactions here manually. I have exactly 76 Coins to enter. So I may be stuck with entering them as "stocks" regardless- I just want to make sure it's being done the right way.
Almost there! Thanks again for your patience and help!