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New Member
posted Feb 4, 2023 9:24:08 AM

Is the Coinbase import causing anyone else a headache?

Auto import caused large $10k transaction amount to show up.  CSV import making me review 300+ items manually.

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2 Replies
New Member
Feb 4, 2023 2:30:53 PM

Found that importing transactions seems to be the best for my situation.  Sharing in case it helps someone else having issues.

 

1. Auto Import from Coinbase - shows $10k+ in transactions when mine were less than <$1k

2. TurboTax Gain/Loss CSV from Coinbase - transactions with cost basis values less that <.005 caused 0.00 value errors that needed to be reviewed...this was more than 300 transactions for me (tiny ALGO rewards).
3. Transaction CSV - imported successfully and appears to have calculated correctly. 

 

Intuit, I hope you can get these issues resolved, and I sure hope you are handling these imports correctly.  A little concerned since I got different numbers with each import.

Expert Alumni
Feb 6, 2023 7:31:32 PM

Per Expert @Jamesg, here's steps for uploading a CSV:


Go to Federal / Wages & Income / Your income / Investments and Savings.

  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • Click Add investments.
  • At the screen Get ready to be impressed, click Continue.
  • At the screen Let’s import your tax info, click Enter a different way.
  • At the screen OK, let’s start with one investment type, select Cryptocurrency.  Click Continue.
  • At the screen Select your crypto experience, select Upload.  Click Continue.
  • At the screen What’s the name of the crypto service, select Other.  Enter the name of the service if prompted.
  • Click Continue.
  • At the screen Go ahead and upload your crypto CSV file, upload the file.

 

The .csv should follow this format.

 

  • All the columns from the .csv file were deleted except for the five columns listed below.   
  • All other lines other than the headings and the five columns of data were deleted.

 

  •    Purchase Date
  •    Date Sold
  •    Proceeds
  •    Cost Basis
  •    Currency Name

 

.csv file format.

 

           A                   B              C                  D                   E

purchase date  date sold    proceeds   cost basis   currency name

11/24/2021        2/1/2022    1,779.96     1,916.52         ABFOA

12/7/2021          4/1/2022    1,111.46     1,225.45         ABFOA

11/24/2021        3/1/2022    1,638.54     1,638.54         ABFOA