Unable to add Coinbase Pro transactions

Forum|Forum|2 years ago
January 27, 2024
1 reply
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I'm trying to fille 2023 taxes, but have run into a complete stop problem. I use the Coinbase platform for crypto investing, including their Pro side until it was depreciated during the 2023 year. The problem is that although TurboTax can connect to Coinbase directly to download transaction data, this only pulls transactions from the "normal" side of the Coinbase exchange, not the Pro side. So basically I need to add all of my Coinbase and Coinbase Pro transactions as if they were two separate exchanges, but TurboTax will not let me add my Coinbase Pro transaction info. When I select to add my Coinbase Pro account, it prompts for an API connection, and does not provide any other means of adding it. Since Coinbase retired the Pro platform, an API connection is not possible. If I try to add an account via CSV file, TurboTax does not even list Coinbase Pro as an option (only the "normal" Coinbase). The big STOP here is that without being able to add my Coinbase Pro transactions, the crypto portion of my 2023 taxes are incomplete, and have serious errors. I cannot finish filing my taxes with these major crypto errors.
Can someone from TurboTax please help resolve this problem??

TurboTax Premier Online

PatriciaV

Level 15

You may need to create your own CSV file using information downloaded from Coinbase Pro. In this case, you don't need an API or account login for TurboTax.

See these posts for instructions:

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Travis9xAuthor

Level 2

I think you're missing the part where if I try to upload a CSV of my Coinbase Pro transactions, TurboTax does not list Coinbase Pro as an option (you must select an exchange to tie the CSV file to). I tried selecting just the normal Coinbase for the CSV file, but it says the columns are not formatted correctly, and does not explain further (does not tell me what the formatting problems are, or what the formatting should be).

JamesG1

Level 15

In TurboTax Online Premium, at the screen What's the name of the crypto service you used?, are you able to select Other on the drop down menu?

Then are you able to enter Coinbase Pro in the Name box? Select Continue.