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unhappyuser1
Level 2

Enter Crypto trades from Coinbase in TurboTax Premium

Hi, I just paid $30 extra to upgrade to TurboTax Premium from Deluxe so I could enter cryptocurrency trades however I don't see any new options for that in turbotax now that I'm upgraded.

 

Coinbase recommends this version (https://turbotax.intuit.com/lp/aff/coinbase/?priorityCode=[phone number removed]&cid=all_coinbase_af...) and turbotax as well (https://blog.turbotax.intuit.com/turbotax-news/turbotax-makes-it-easier-for-coinbase-customers-to-re...)

 

Could someone tell me where I could find the correct place to import those trades? 

Thank you!

1 Best answer

Accepted Solutions
TasnimH2
Moderator

Enter Crypto trades from Coinbase in TurboTax Premium

Hi @unhappyuser1 

 

We're glad that you received your refund! However, we want to help you out any way that we can. Were you able to report your cryptocurrencies? Maybe this thread will help you find what you've been looking for.

 

Link: https://ttlc.intuit.com/community/taxes/discussion/how-to-enter-cryptocurrency-on-the-downloaded-ve...

 

 

View solution in original post

9 Replies
fanfare
Level 15

Enter Crypto trades from Coinbase in TurboTax Premium

Don't confuse TurboTax program and TurboTax Online.

So which one are you using ?

unhappyuser1
Level 2

Enter Crypto trades from Coinbase in TurboTax Premium

Like I said, I'm using TurboTax Premier (that's what both the articles I linked recommended) otherwise I would not have upgraded. I'm using it on Windows.

unhappyuser1
Level 2

Enter Crypto trades from Coinbase in TurboTax Premium

Final Result:

Even though this blog post says TurboTax Premier supports cryptocurrencies: https://blog.turbotax.intuit.com/turbotax-news/turbotax-makes-it-easier-for-coinbase-customers-to-re...

 

It is only actually supported in TurboTax Premier online (not on the desktop version which is what I have). If only they could've mentioned that in the blog post, I could've saved $30 :(

 

However, this post: https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991 showed me how to contact TurboTax and speak with an agent so I was able to get a refund... at least. 

 

TasnimH2
Moderator

Enter Crypto trades from Coinbase in TurboTax Premium

Hi @unhappyuser1 

 

We're glad that you received your refund! However, we want to help you out any way that we can. Were you able to report your cryptocurrencies? Maybe this thread will help you find what you've been looking for.

 

Link: https://ttlc.intuit.com/community/taxes/discussion/how-to-enter-cryptocurrency-on-the-downloaded-ve...

 

 

View solution in original post

unhappyuser1
Level 2

Enter Crypto trades from Coinbase in TurboTax Premium

Thank you!

The link you shared answered my original question of how I could enter crypto trades in the desktop version. 

TasnimH2
Moderator

Enter Crypto trades from Coinbase in TurboTax Premium

Wonderful 🙂 Glad I could be of help.

bjptjr
Level 1

Enter Crypto trades from Coinbase in TurboTax Premium

Stop going down the rabbit hole !!!  I kept looking and looking. The easiest most professional way to load your transactions ( and it is complicated ) is with CRYPTOTRADER.TAX !  I had bought  TurboTax Deluxe for years and read that it would work to download Coinbase transactions only to find out that I needed to buy TurboTax Premier ( after buying Deluxe ) only to find out that Coinbase no longer support downloading transactions and recommends BUYING an additional service ( that I looked into w/ alot of confusion.  Save yourself alot of headaches get cryptotrader.tax and tell them Bruno sent you.

bjptjr
Level 1

Enter Crypto trades from Coinbase in TurboTax Premium

Save yourself from going down a rabbit hole. Get CRYPTOTRADER.TAX ! Easy, professional, relief !!!

bjptjr
Level 1

Enter Crypto trades from Coinbase in TurboTax Premium

Get CRYPTOTRADER.TAX !  Save yourself from all the frustrations. Easy, professional, relief !

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