topic Is it possible to connect your coinable or coin tracker account to turbotax to transfer the transaction reports? in Get your taxes done using TurboTax

Is it possible to connect your coinable or coin tracker account to turbotax to transfer the transaction reports?

pinealbuz — Mon, 01 Mar 2021 20:25:08 GMT

Re: Is it possible to connect your coinable or coin tracker account to turbotax to transfer the t...

HelenC12 — Mon, 01 Mar 2021 20:52:31 GMT

I'm not showing coinable or coin tracker as a TurboTax Import Partner so, no, you're not able to transfer your transactions into TurboTax.

If you have Coinbase, they recommend using CoinTracker to calculate your cryptocurrency gains and losses and to access your CSV file.

Reporting cryptocurrency is similar to reporting a stock sale. You'll need to report your cryptocurrency if you sold, exchanged, spent or converted it. When it comes to hard forks and airdrops, you only have taxable income if it results new cryptocurrency.

To report your earnings or losses, see How do I report earnings or losses from Bitcoin and other cryptocurrency?

Re: Is it possible to connect your coinable or coin tracker account to turbotax to transfer the transaction reports?

LucasTheWalter — Mon, 01 Mar 2021 21:06:51 GMT

CryptoTrader.Tax has been very helpful for me. They have some great YouTube content which walk through how to import your data and upload gains/losses into TurboTax.