This article shows that TurboTax Premier can import Coinbase transactions in the .csv files:
I have followed those instructions and have the .csv.
When I go to TurboTax Premier (Desktop version, Mac) to import, it only shows that I'm allowed to import .txf files.
I've tried the csv => txf conversions with no luck.
What am I missing here?
TurboTax Desktop doesn't import .csv files.
If the conversion to .txf fails also, either your converter is bad , or the coinbase datafile is bad.
instead format the csv using a spreadsheet and use the Summarize option. Enter only your total proceeds and cost for each sales category into Turbotax.
IRS requires each transaction to be listed on Form 8949, or on your own forms (e.g. spreadsheets) which have the same information and in the same manner as Form 8949.
Either way, if you choose to summarize, you have to mail the transaction details to the IRS within three business days of IRS accepting your tax return.
Is this a lie? even turbotax expert said i need to convert to txf, maybe they shouldn't blog that you don't.