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Max3721
New Member

My 1099-DA

I received my 1099-DA from Coinbase. It consolidated all my transactions into one line. That part seems fine but when I enter it ito TurboTax it says "number of transactions" and says 1 even though there are 10 total. Do I need to individually enter them all off my own gain/loss report coinbase provides to me or is doing it as one consolidated transaction work since it was all the same coin (USDT).  Also, reading through your other questions about 1099-DA it says I need to upload my gain/loss form that Coinbase provides even though it is not a form that is sent to the IRS it is just a form they use internally to make it easier to track your gains/loss correctly. Is that correct?

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1 Reply
CesarJ
Employee Tax Expert

My 1099-DA

Yes, you can summarize your investment transactions by separating them into short-term and long-term holdings based on the duration you owned the investments. This summary should be kept with your tax records in case the IRS requests it.

 

If you are unable to attach a PDF of your summarized transactions when e-filing your tax return, you must mail your statements along with Form 8453 to the following address three days after the return has been filed:

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

 


 

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