You'll need to sign in or create an account to connect with an expert.
Assistance with uploading your Coinbase file has been provided for you below.
How do I get a CSV file from Coinbase?
2. Select 2020 next to Gain/Loss Calculator
This step is impossible. Coinbase doesn't have the Gain/Loss Calculator any more. The only .csv file I can get from Coinbase has this header on the 8th line:
Timestamp,Transaction Type,Asset,Quantity Transacted,USD Spot Price at Transaction,USD Subtotal,USD Total (inclusive of fees),USD Fees,Notes
The only reason I was willing to pay for your service is because you claimed it "easily handles cryptocurrency gains and losses" on Coinbase's website. I am unable to file my taxes until this issue is resolved.
Try making the header be the 1st line.
If that doesn't work, you have to get the exact header keywords to be used for each column from TurboTax Support.
If TurboTax won't accept your CSV file, proceed as follows.
Adjust your csv files so the columns are in the same order as on Form 8949.
Put a header with your name tax year and SS Number
Use the summary option and then you can mail in the printout of the CSV files.
See the TurboTax instructions that will pop up.
You would use Category C and/or F since you don't have a 1099-B.
At tax time, you have the option to summarize your transactions by Sales Category.
IRS requires C/F details to be listed on your Form 8949,
or on your own forms (e.g. spreadsheet) which have the same information and in the same manner as Form 8949.
Either way, if you choose to summarize, you have to mail the transaction details to the IRS within three business days of IRS accepting your e-Filed tax return.
WTF. Are you kidding me. This Coinbase Inntuit service is a racket. I have to pay a 3rd Party like cointracker $300 for a compatible CSV file plus $400 for full service to prepare my taxes because Turrbotax wont allow a compatible CSV version to upload my own trading statement to file my own taxes for free. I want a full refund or I am filing a class action lawsuit.
To save money, just use the summary option and report your grand totals for crypto on Schedule D line 3.
Then hope IRS won't audit you on it and request the transaction details.
You’re going to hate this but I literally created a new document and copied all the info over by hand. Would not want to do that for that many transactions though.
This is insane. 2023 now, and TurboTax won't accept the CSV files that coinbase SPECIFICALLY GENERATES FOR TURBO TAX!!!!!
Please see the below TurboTax help article for assistance with either importing or uploading a CSV file from Coinbase.
How do I download a CSV file from Coinbase?
Absolute nightmare - how is this possible that they advertise CSV upload capabilities and it doesn't even work. Been circulating this information on as many social platforms as possible. Trying to get it in front of larger crypto influencers who have followings. Definition of false advertising.
*Update: the issue with the CSVs may be related to the number of transactions Turbo Tax can upload at a time.
For example, the CSV I had trouble with had 300+ transactions and kept failing. But a separate CSV that had 95 transactions uploaded just fine.
You may be able to upload a .csv file from Coinbase.
I was be able to upload a .csv file by following these steps:
The .csv should follow this format.
.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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MikeH36
New Member
sassthebat
New Member
Mot332
New Member
atvchick
New Member
bigk-folk
New Member