If you opted for paperless, Coinbase does not send you the paperwork. You need to log in and go to your documents section to find the form.
Be sure to go through your transactions and remove all personal property losses. The IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any (gain or loss) transactions that were investment related.
You can enter 4 lines and cover the entire form.
Enter the totals for each:
- short term covered
- short term non-covered
- long term covered
- long term non-covered
If you decide to enter summary data only, you are required to send a copy of your 1099B to the IRS. Once you submit your electronic copy, TurboTax prints out a cover letter and instructions on where to send a copy of your 1099B.
Additionally, if you have a foreign wallet, that is considered a foreign asset and may require filing Form 8938. See About Form 8938, Statement of Specified Foreign Financial Assets
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