topic Coinbase transaction in Get your taxes done using TurboTax

Coinbase transaction

cyp — Mon, 04 Mar 2019 22:31:50 GMT

I receive Form 1099-K.

I am wondering how I should report the transaction.

I have more than 300 transaction for different cryptocurrency.

Do I need to list out all the transactions? If so, it will be too many transaction.

Or I could list out the summary?

Thank you!

HollyP — Tue, 05 Mar 2019 01:20:32 GMT

There's an upload limit of 250 cryptocurrency transactions in TurboTax Online Premier. If you have more than that, you’ll need a transaction aggregator. We’ll walk you through that in the cryptocurrency section.

cyp — Wed, 06 Mar 2019 00:05:44 GMT

I m not sure what is taxable and what is not taxable.

I bought and sell bitcoin, but I keep them in the wallet and haven't convert it into cash.

Is it taxable or not taxable?

bugujr — Thu, 07 Mar 2019 18:07:06 GMT

From the TurboTax help:

A cryptocurrency transaction is taxable if it was: