Hello. I did import from Kraken and it was success. But I do not see any transactions from it and turbotax verification says "Some wallets or exchanges may be missing".

You state that you have many Kraken transactions.  Has Kraken prepared any sort of 1099-B or broker statement?  You may elect to report summary information.  

 

Your brokerage statements would include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered. 

 

You will enter the summary info instead of each individual transaction.  Follow these steps.       

 

1. Open or continue your return.
2. Select Federal down the left side of the screen.
3. Select Wages & Income down the left side of the screen.
4. Select Show more to the right of Investments and Savings.
5. Select Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
6. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2021?
   • If you land on Your investments and savings, select Add investments.
7. At the screen Relax.  We got it, select Continue.
8. On the Let's import your tax info screen, select Enter a different way.
9. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
10. At the screen Which bank or brokerage, enter the information.
11. Do these sales include any employee stock, enter No.
12. Do you have more than three sales, enter Yes.
13. Do these sales include any other types of investments, enter No.
14. Did you buy every investment listed, enter Yes.  Continue.
15. On the screen Now, choose how to enter your sales, select Sales section totals.  Select Continue.
16. At the screen Look for your sales on your 1099-B, select Continue.
17. You will now be able to enter the total proceeds (sales) and cost basis, along with the sales category. Refer to your IRS form 1099-B, IRS form 8949 and / or Schedule D Capital Gains and Losses for the amounts and category. When finished, select Continue
18. You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.
19. When completed, close the record and click Continue.
20.  At the screen Now, we'll help you upload your 1099-B since the IRS requires a copy, browse and select your document.  Select Continue.
21. When you upload your document, your filing instructions will not show that anything needs to be mailed in, and no IRS form 8453 will be generated.

 

 

 

 

@lukonins-gmail-c 

@JamesG1 

Kraken did not prepare any documents for me.  Kraken document/tax page is empty.

I have few thousands transactions in 2022.  Am I expected to manually enter every transaction in Turbotax since automatically sync does not work properly? Or can I just give capital gain/loss as a one total number?

@JamesG1

I want to add, that however I do not have 1099-B, I can export all my transactions as an excel and calculate total proceeds (sales) and cost basis from step 17. I cannot complete step 20, because I do not have this form (only excel file with transactions/ledgers). Is it way around how to pass this step?

 

Best,

Dmitry