topic My 1099-DA in Get your taxes done using TurboTax

My 1099-DA

Max3721 — Sun, 15 Feb 2026 05:56:30 GMT

I received my 1099-DA from Coinbase. It consolidated all my transactions into one line. That part seems fine but when I enter it ito TurboTax it says "number of transactions" and says 1 even though there are 10 total. Do I need to individually enter them all off my own gain/loss report coinbase provides to me or is doing it as one consolidated transaction work since it was all the same coin (USDT). Also, reading through your other questions about 1099-DA it says I need to upload my gain/loss form that Coinbase provides even though it is not a form that is sent to the IRS it is just a form they use internally to make it easier to track your gains/loss correctly. Is that correct?

Re: My 1099-DA

CesarJ — Sun, 15 Feb 2026 13:56:05 GMT

Yes, you can summarize your investment transactions by separating them into short-term and long-term holdings based on the duration you owned the investments. This summary should be kept with your tax records in case the IRS requests it.

If you are unable to attach a PDF of your summarized transactions when e-filing your tax return, you must mail your statements along with Form 8453 to the following address three days after the return has been filed:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

Re: My 1099-DA

Max3721 — Sun, 15 Feb 2026 15:02:58 GMT

Got it. So to clarify I need to upload my 1099-DA form into TurboTax AND whatever supporting documents I have for those transactions (aka the gain/loss report I have on Coinbase that I filled out).

also, my 1099-DA has no dates, will that be an issue?

Re: My 1099-DA

CesarJ — Sun, 15 Feb 2026 16:48:24 GMT

Dates for your transactions in Form 1099-DA should appear in boxes 1e and 1d. If this isn't the case you should look at your statement from your crypto exchange provider to determine when these digital assets were acquired and disposed.

@Max3721

Re: My 1099-DA

Max3721 — Sun, 15 Feb 2026 17:01:16 GMT

I uploaded a copy of it. As you can see it doesn’t have any dates and just lists # of transactions as “10”.

what I am trying to determine here is should I individually put each transaction into TurboTax with the cost basis and Proceeds? Then I would upload my 1099-DA along with my gain loss report that Coinbase had provided me? Because when I go to try to put everything in a TurboTax, it asks if I have more than four transactions and then it asks for me to put the total of all proceeds and the total cost space is instead of having me do it individually will that cause a problem with the IRS

Re: My 1099-DA

JamesG1 — Mon, 16 Feb 2026 03:11:59 GMT

Your IRS form 1099-DA reports gross proceeds, the digital asset, the number of units and the number of transactions.

The gain/loss report will allow you to allocate the $92,744.68 in gross proceeds to the ten transactions. Each transaction will be assigned to long-term and short-term based upon the date of sale and date of purchase.

The gain/loss report will allow you to assign the cost basis of the investment sold for each of the ten transactions.

You would be able to report each of the ten transactions (which would total $92,744.68) into TurboTax using the one-by-one method. Or you would be able to report the summary transactions (which would total $92,744.68) into TurboTax using the sales section totals.

You may enter the summary information instead of each individual transaction. Create a .PDF of the IRS form 1099-B and your analysis of the gain/loss report to upload into TurboTax Online. Follow these steps.

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click the down arrow to the right of Investments and Savings.
Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).Click Add investments.
On the Save time and connect your financial accounts screen, select Enter a different way.
On the How do you want to add your docs? screen, select Type it in myself, then Continue.
At the screen OK, let's start with one investment type, select Digital Assets. Click Continue.
At the screen Which bank or brokerage is on your 1099-DA, enter the information. Click Continue.
At the screen Did you get a 1099-DA from XXX?, select Yes. Click Continue.
Answer the questions at the screen Tell us about the sales on your 1099-DA.
Do you have more than three sales, enter Yes.
Did you buy every investment listed, enter Yes. Continue.
On the screen Now, choose how to enter your sales, select Sales section totals. Select Continue.
At the screen Look for your sales on your 1099-DA, select Continue.
You will now be able to enter the total proceeds (sales) and cost basis, along with the sales category.
Report Short-term transaction with basis not reported to the IRS or Long-term transaction with basis not reported to the IRS.
Enter total proceeds, total cost is $0, select I need to adjust my total cost basis.
Enter the correct adjustment (not the cost basis) in the Total adjustments to gain.
Select code B (cost basis incorrect on form).
When finished, select Continue.
You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.
When completed, close the record and click Continue.
At the screen Now, we'll help you upload your 1099-B since the IRS requires a copy, browse and select your document. Select Continue.
When you upload your document, your filing instructions will not show that anything needs to be mailed in, and no IRS form 8453 will be generated.

@Max3721

Re: My 1099-DA

Max3721 — Wed, 18 Feb 2026 01:06:49 GMT

I did that but it did not calculate correctly.

Enter total proceeds, total cost is $0, select I need to adjust my total cost basis.
Enter the correct adjustment (not the cost basis) in the Total adjustments to gain.
Select code B (cost basis incorrect on form).

^this is where the mess up happened. I put my cost basis as 0 and selected "I need to adjust my total cost basis" If i'm not putting my cost basis there I assumed I put my "net loss" which I did. But it still calculated it as a 0 cost basis minus the net loss. When I put my actual cost basis in that line it had the correct net loss so I am confused by your instructions.

Re: My 1099-DA

JamesG1 — Wed, 18 Feb 2026 03:24:00 GMT

I absolutely understand. When you are entering under the summary method, the adjustment codes mimic the workings of the IRS form 8949. When working with the adjustment codes, it always seems like they work backwards.

That is why I entered the statement in item 2 as a warning.

2. Enter the correct adjustment (not the cost basis) in the Total adjustments to gain.

You may want to try out the one-by-one method of entering the IRS form 1099-DA to see whether it works more easily for you. That method does not use the same kind of adjustment method as above. You will report the actual cost basis under #9 below.

On the screen Now, choose how to enter your sales, select One by one. Select Continue.
At the screen Next, we'll start entering sales from your 1099-DA, select Continue.
You will now be able to enter the sales information. Report Short-term transaction with basis not reported to the IRS or Long-term transaction with basis not reported to the IRS.
Enter total proceeds, total cost is $0, select The cost basis is incorrect or missing on my 1099-DA.
Select I have other boxes on my 1099-DA to enter.
Enter information in box 1a and box 3a.
At the screen Let us know if any of these situations apply to this sale, you may select I paid sales expenses that aren't included in the sales proceeds reported on the form.
At the screen Let's find your cost basis, select Yes, I found my cost basis.
Enter the cost basis in Cost basis. Click Continue.
Select Add another sale to add another entry.
When finished, select Continue.

There is a benefit of using the one-by-one method to record your 10 transaction that total the $92,744. There is nothing to upload and nothing required to be mailed or sent to the IRS with your income tax return. You just retain all of your records should, at some time down the road, a tax authority questions your computations. Best to you.

@Max3721

Re: My 1099-DA

Max3721 — Wed, 18 Feb 2026 05:51:44 GMT

Ok, everything makes sense EXCEPT this one part

At the screen Let us know if any of these situations apply to this sale, you may select I paid sales expenses that aren't included in the sales proceeds reported on the form.

What would I put in that line for "Sales expenses not reported on Form 1099‑DA"? I see an option to leave it blank but just curious what I need to put there or if I even need to check that box?

Re: My 1099-DA

JamesG1 — Wed, 18 Feb 2026 13:15:55 GMT

If you incurred fees or sales charges related to the purchase or sale of the investment, you may choose to report those amounts separately under I paid sales expenses that aren't included in the sales proceeds reported on the form. Or you may leave it blank.

Re: My 1099-DA

Max3721 — Wed, 18 Feb 2026 17:57:44 GMT

Sorry a little new to this what "fees" or "sales charges" could have I incurred?

Re: My 1099-DA

JamesG1 — Wed, 18 Feb 2026 22:23:56 GMT

We can recommend no authorities other than tax authorities. But the Motley Fool explains the issue.

What are cryptocurrency transaction fees?

A transaction fee is a charge that is attached when you're buying or selling something. As the saying goes, there's no such thing as a free lunch. For cryptocurrencies, that means charging fees at a couple of different levels to keep the blockchain networks running.

Cryptocurrency transaction fees come in different varieties:

Trading fees
Blockchain wallet fees
Built-in transaction fees

@Max3721

Re: My 1099-DA

Max3721 — Wed, 18 Feb 2026 22:32:14 GMT

Ok I think I got this figured out. One last question. Online it says transaction fees like the ones you listed below are supposed to be put into the cost basis. "cost basis is the amount you paid—including brokerage fees, loads, and any other trading costs—to purchase an investment"

Having said that, does it matter if i put the fees in the cost basis or in that fees line? Or does it act the same in the sense that it adds it to the cost basis regardless if I put it in the fees line or just put it in my cost basis line?

Re: My 1099-DA

JamesG1 — Wed, 18 Feb 2026 22:57:34 GMT

I would report in the cost basis. See this IRS FAQ.

A8. Your basis (also known as your “cost basis”) is the amount you spent to acquire the virtual currency, including fees, commissions and other acquisition costs in U.S. dollars. Your adjusted basis is your basis increased by certain expenditures and decreased by certain deductions or credits in U.S. dollars. For more information on basis, see Publication 551, Basis of Assets.

@Max3721

Re: My 1099-DA

Max3721 — Wed, 18 Feb 2026 22:58:39 GMT

Thank you! This new form has casued such a headache .

Re: My 1099-DA

santamaria415 — Fri, 27 Feb 2026 00:55:46 GMT

I have a question, i have not received my coin base 1099-Da because i have no transactions for year 2025, but received 85.00 in promotional credit, what can i do. Need to do my taxes?

Re: My 1099-DA

santamaria415 — Fri, 27 Feb 2026 01:01:32 GMT

I have a question, i have not received my 1099-DA because i have no transactions for year 2025. But i received 85.00 in promotional credits, what can i do i need to file my taxes. Will coinbase send me something for the 85.00 or can i just add that somewhere else?

Re: My 1099-DA

DianeW777 — Sat, 28 Feb 2026 15:57:33 GMT

It's not likely you will receive a tax document. You can enter the $85 promotional credit by using the steps below. Be sure to add this to your cost basis when you have sales or trades or redemptions in the future.

Other Miscellaneous Income:

Sign into your TurboTax Online account
Go to Tax Home (left panel) Wages and Income section
Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
Select Other reportable Income > Enter a description (----) and the amount

@santamaria415