The cost basis is what you originally paid for the cryptocurrency you sold on coinbase. There is no way for TurboTax to figure your cost basis for you.
Cryptocurrency trader files that are uploaded to TurboTax may not have the correct basis amounts (the amounts you bought the cryptocurrency for). You should review the transactions that you have imported to make sure those amounts are accurate.
Here’s how to report earnings and losses from Cryptocurrency in TurboTax.
Here’s how to import your crypto transactions into TurboTax.
Here’s how to report Cryptocurrency as a capital gain.
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