Are you reporting an Ethereum transaction among other cryptocurrency transactions? Did you import information from Coinbase? Please clarify.
@JamesG1 Yes. We listed several ETH withdrawals in the list of transactions with other cryptocurrency. It was all imported from Coinbase. Turbotax imported the files itself straight from Coinbase. Then we got the error code above. We cannot move on and finalize it until we fix the error. We have looked thorough every withdrawal for ETH. They all match up. What are we overlooking?
"The ETH amount withdrawn is greater than what’s available from Coinbase". What??
Are the ETH withdrawals all viewable as items listed on a 1099-B or reported on IRS form 8949 / Schedule D Capital Gains and Losses?
You may be able to view the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
The entry may also be viewable under Federal / Wages & Income / Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto).
The error message that you quoted sounds like you withdrew X units of ETH but the Coinbase records report units of ETH fewer than X. Is that your take as well?
@JamesG1 @That was an excellent thought and I checked that out. First, I had to remove the imported CSV file from TurboTax. Then go to Coinbase and check the transactions there. I discovered there was 161 transactions needing status codes. Once that was fixed, I exported the file again and problem solved!!
Hey man, im having the same "The ETH amount withdrawn is greater than what’s available from Coinbase" problem. Im not really understanding your solution could you explain a little more please?
The file that you imported from Coinbase is incomplete. It doesn't have all of the information on it. You need to first delete it from your return and then go log in to Coinbase and check the file that they have there. Complete al the information for all of your 2022 transactions before you try to import it back into TurboTax.