JamesG1
Expert Alumni

Get your taxes done using TurboTax

You may want to try this technique using a .csv file from Coinbase.

 

Here's how to get your CSV file from Coinbase.

  • Sign in to your Coinbase account.
  • In the Taxes section, select the Documents tab.
  • Generate and download the TurboTax gain/loss report (CSV) for 2021.

Follow these steps oulined by JoeFM here.

  • Created a .csv file with all transactions using the format shown at Easytxf.
  • Used Easytxf to convert the .csv file into .txf file.
  • Import .txf file into Turbotax Desktop:  File --> Import --> From Accounting Software --> Select Other Financial Software (TXF) file --> Browse .txf file and Import now.
  • A 1099-B with all crypto transactions is now created.   This entry can now be edited to include the account details.  Each transaction can be edited as well.

 

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