topic Can't find Coinbase on Turbo Tax Home and Business 2021 in Business & farm

Can't find Coinbase on Turbo Tax Home and Business 2021

CR1111 — Mon, 09 Mar 2026 04:41:06 GMT

Where is Coinbase on Turbo Tax Home and Business 2021? The Crypto section does not appear like they say on the video.

Re: Can't find Coinbase on Turbo Tax Home and Business 2021

DianeW777 — Mon, 28 Feb 2022 13:24:07 GMT

The act of buying and/or selling the digital currency, as well as using it for barter (exchange for goods or services). This must be reported with or without documentation or statements. The IRS has determined that cryptocurrency is to be treated like property which means it can result in capital gain or loss.

If you do decide that you are actually Trading see how to report below.

In TurboTax Online you will find Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) as a selection under Investment Income
In TurboTax Desktop you will enter Cryptocurrency as a Stock, Mutual Funds, Bonds, Other, under Investment Income
OR simply search for Cryptocurrency in the upper right

Re: Can't find Coinbase on Turbo Tax Home and Business 2021

CR1111 — Mon, 28 Feb 2022 13:36:35 GMT

Thank you for responding. But Coinbase or CoinTracker is not listed as a Financial Institution on Home and Business 2021. Is there a plan to fix this?

Re: Can't find Coinbase on Turbo Tax Home and Business 2021

HelenC12 — Mon, 28 Feb 2022 13:46:49 GMT

At this time, you can use the cryptocurrency import and other features with the TurboTax Online Premier and Self-employed versions, only.

One option is to start a free tax return in TurboTax Premier Online. You don't pay for the return until you file it, so you won't have to pay the Online fee. Enter (import) your cryptocurrency information in the Crypto section, and then save the .tax file (not PDF). You can then open the tax file in TurboTax desktop, add the rest of your tax data and file.

How do I save my TurboTax Online return as a tax data file? This FAQ will also have instructions on how to continue your return in the TurboTax CD\Download version.
How do I import from the .txf file?

The other option would be to file using the Online software and get a refund for the desktop program.]

Note: According to IRS Notice 2014-21, the IRS considers cryptocurrency to be property, and capital gains and losses need to be reported on Schedule D and Form 8949 if necessary.