My 1099-DA

[Max3721]

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?

[CesarJ]

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

[Max3721]

Got it. So to clarify I need to upload my 1099-DA form into TurboTax AND whatever supporting documents I have for those transactions (aka the gain/loss report I have on Coinbase that I filled out).

also, my 1099-DA has no dates, will that be an issue?

[CesarJ]

Dates for your transactions in Form 1099-DA should appear in boxes 1e and 1d. If this isn't the case you should look at your statement from your crypto exchange provider to determine when these digital assets were acquired and disposed. 

@Max3721 

[Max3721]

I uploaded a copy of it. As you can see it doesn’t have any dates and just lists # of transactions as “10”. 

what I am trying to determine here is should I individually put each transaction into TurboTax with the cost basis and Proceeds? Then I would upload my 1099-DA along with my gain loss report that Coinbase had provided me? Because when I go to try to put everything in a TurboTax, it asks if I have more than four transactions and then it asks for me to put the total of all proceeds and the total cost space is instead of having me do it individually will that cause a problem with the IRS