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I sold some crypto on Coinbase PRO. I reported the capital gains under "Coinbase". Is this okay?

 
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2 Replies
DanielV01
Expert Alumni

I sold some crypto on Coinbase PRO. I reported the capital gains under "Coinbase". Is this okay?

See this FAQ for reporting crypto transactions.  It can be a little work:  https://ttlc.intuit.com/replies/6468652

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CryptoTraderTax
Returning Member

I sold some crypto on Coinbase PRO. I reported the capital gains under "Coinbase". Is this okay?

It depends - were you able to put in your proper cost basis, fair market value, and net gain/loss for the trade? Coinbase has a completely seperate backend from Coinbase pro, so the platforms do not provide comprehensive reports.

 

If you have traded across multiple exchanges, you can use one of TurboTax's cryptocurrency partners to automatically build your crypto tax documents that can then be imported right into TurboTax. This will save you time finding cost basis and fair market value data.

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