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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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
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?
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