Coinbase Gain/ Loss Report

[tonst1979]

I've found many articles "Jump to Cryptocurrency", Connect Turbotax to Coin base, "import the csv".  I don't have those options in TT Deluxe 2022 Desktop for Windows. I can import Charles Schwab, Fidelity, etc, but nothing for coinbase. And I don't see any link for "Jump to Cryptocurrency". And I don't see an option to import a csv file.

I have my Coinbase account, I have the Gain/Loss CSV showing a loss. How/where do I get it in? And to be clear these are trading losses - not payments for anything etc.

[fanfare]

You're out of luck with TurboTax desktop.

@tonst1979 

If TurboTax won't accept your CSV file, proceed as follows.

Adjust your csv files so the columns are in the same order as on Form 8949.

Put a header with your name tax year and SS Number.

Use the summary option and then you can mail in the printout of the CSV files.
See the TurboTax instructions that will pop up.

You would use Category C and/or F since you don't have a 1099-B.

At tax time, you will subtotal your SELL transactions by Sales Category.

IRS requires Box C/F details to be listed on your own Form 8949,
or on your other forms (e.g. spreadsheets) which have the same information and in the same manner as Form 8949.
Either way, if you choose to summarize (not itemize) and e-File, you have to mail the transaction details to the IRS within three business days of IRS accepting your e-Filed tax return.

If you put the printout in PDF format, TurboTax  may ask you for it.

Then you would avoid mailing.

Update: you're supposed to use Form 8453 as a cover sheet.
Form 8453 is not to be signed.