This shows right after I upload the file and the download manager says Scanning Viruses. Right after I get - "Validation Failed". I use turbotax online and I follow all instructions correctly. Also, I have only 37 transactions which is below the 100 limit. Also I get another message: "Sorry, we are unable to import your CSV file at this time. You’ll need to add your transactions manually."
Open the file in Excel and resave as .csv. (Even if it is already a .csv) and then re-upload.
I'm getting this same error resaved csv no fix still getting the error. from coinbase
@redhaze Please see the following TurboTax FAQ for assistance with uploading your CSV filed from Coinbase: https://ttlc.intuit.com/community/cryptocurrency/help/how-do-i-get-a-csv-file-from-coinbase/01/27533#M2388
Fix- when downloading .csv file from coinbase. you need to download each wallet csv individually for 2019 and upload the files that have transactions in them only. After i did that it worked fine.
Hello @redhaze
what you mean by "have transactions in them only", you go in the excel and remove all other lines?
I tried to remove them with or without the headers. not work either
Thanks
Do not download a transaction history file. Go to: Other reports - Gain/loss reports. And then generate a report for the applicable year. You'll need to download a separate CSV file for each wallet.
I am having the same issue. I paid to have a turbotax consultant on the phone for over an hour, still no solutions. I've read several forums where multiple people are having the same issue. I have verified that I am uploading the correct files, with each asset in its own .csv file from a single wallet, only ~35 lines. I still get a validation error. If anyone has solved this issue, please provide DETAILS. This can help a lot of people. Thank you!
I am having the same issue - validation failed. Furthermore, when I open the csv file, there does not appear to be any real data. I'm opening it on Numbers for Mac.
Any ideas on how to fix this? I tried saving it again and it wouldn’t work. Please help!
Having the same issue and none of the above helped. Coinbase PRO user. Tried all methods. Validation failed. TurboTax team has to contact Coinbase immediately to troubleshoot and address this issue. Still waiting for a way to import! Or at least the formula to calculate it in the meantime!! Thanks
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Transactions history file for all assets and blank files without any transactions in them give validation error. All other files like wallet files get imported easily. This worked for me.
I downloaded my csv or excel files from Coinbase and easily imported in turbotax.
If you have Microsoft excel installed on your computer then when you double click file it opens.
If file has only headings but no bought, sell date and quantity of virtual currency then the file is considered blank. It gives validation error when importing in turbo tax.
Seems like Coinbase provides all wallet files whether a user traded those currencies or not. If there are no trades, there are no transactions. Transaction history file for all assets also gives error. Turbo tax imports only individual wallet files. You import one file, click on select all, then on add more and go back and import next file until you have imported all files. Try practising.
Cryptotrader.tax takes transaction history file from coinbase and creates crptotrader.tax file that easily imports in turbotax. It walks you through all the steps. Cryptotrader.tax also lets you import your trade history files from other exchanges like binance etc. It creates one file even if imported files are from multiple exchanges. Basic fee is about $49.99 and more depending on number of trades.
I was in the same boat as a lot of you asking for this solution. I figured out a way that helped me, so maybe it can help you.
First off, I used Coinbase for my cryptocurrency. In order to upload a CSV file to Turbotax, you have to login, then click on your profile "logo".
Click on "Taxes and Reports".
Scroll down to "Other Reports"
Find the link correlating with your "Gain/Loss" report for the current year.
Click "Download"
A long list of all the wallets from Coinbase (whether I traded that currency or not) appear.
Right Click "Download" under the currency you want.
Choose "Download Linked File"
You will find the file under downloads on your computer.
When asked by Turbotax to attach a CSV file I chose the file I just downloaded. (I only uploaded my BTC wallet because although I also traded with LTC and ETH, their wallets didn't show any transaction history on their respective CSV files).
Pro Tip: Download the currency wallet CSV files for the currencies you traded with. Then go to your file explorer on your computer and open each one. Check to see if there's any transactions on it. If there aren't any transactions listed, (i.e. date, amount, type, sold, etc.) then don't upload it to Turbotax.
Hope this helps some of you
Coinbase remove that gain/loss section and does not care about tax filing (https://www.coinbase.com/bitcoin-taxes#gainsandlosses) they want to make another way to make money so use other third party companies to put their stupid transcations in order and charge hundreds of dollars for that simple cvs report and put them under right column that is.
2.2 Calculate gains and losses
Now that you have a comprehensive view of your activity, you’ll need to figure out whether you incurred gains or losses on each transaction. This means you’ll need to review each transaction and determine the cost basis to see if it’s a loss or a gain.
Same here. No way to upload anything.
1) CSV - gives me a header error.
2) Coinbase refers to a third-party that charges you $200+ for a 200 transactions.
3) If you have a Coinbase Pro and over 100 transactions it's getting very complicated because you have to manually input each. And even more, complicated when you have to combine asset transactions made in several days, etc.
Please let us know if anyone found a solution. That should be simple, not as is right now. People have to pay taxes and Coinbase just cuts this ability and Turbotax gives an error.
Absolutely! I am having this issue too. Coinbase partners with a third party called CoinTracker who offers to tabulate one's gains/losses for a fee, of course! It's stunning that Coinbase is so greedy that it no longer calculates this information for its customers free of charge. It's also stunning that TurboTax still partners with Coinbase and makes it seem so easy to upload a .CSV file of your transaction history (not gain/loss because, again, Coinbase no longer offers this document), yet it does NOT work.
Hi, Guys I solve the problem using thirdparty website so there is no other way to do that easily. CVS file is succesfully uploaded to Turbotax but I paid $49 https://cryptotrader.tax/
I will NOT use coinbase again for my coin purchases I will use robinhood. it took cares of everything for you unlike coinbase.
That's not successful since Coinbase should offer a gain/loss document FOR FREE like every brokerage firm does and TurboTax doesn't say it's going to cost extra to get it so TurboTax deserves criticism too.
Yes, you are right TurboTax states on help go to gain/loss page and download cvs and upload here then puff you are done but none of them are correct. TurboTax should warn us if smebody select coinbase regarding their treatments of transactions so instead of letting us try hours to figuring out why it does not upload cvs files from coinbase. Coinbase must prepare a gain/loss document for us.