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Level 2

Question

While uploading a Crypto CSV file from Coinbase Pro, I received the error message "validation failed". What might be wrong with my file and how can I upload?

Forum|Forum|6 years ago
March 21, 2020
8 replies
34 views

No text available

TurboTax Live Self Employed

AkinaLO

Level 15

Are you trying to download any transaction history files? Those files won't upload. Please refer to the following article for assistance with uploading the CSV file.

How do I get a CSV file from Coinbase?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

TaxAmerica

Level 2

The question was about "Coinbase Pro". It's not the same as Coinbase. If you follow the instructions on the link you won't be downloading your Coinbase Pro transactions. Their Support team says it's a TurboTax issue. I get a message that says "No headers found in this file" . The "Coinbase" CSV files that you download from each wallet upload fine to TT. Please let us know how to proceed. I would imagine there are millions of people that use "Coinbase Pro" and Turbotax. And yes I tried uploading on a bunch of different browsers and machines.

WBTF

Level 2

having the same issue, getting this message over and over from my coinbase account.

Please make sure your CSV file has columns for Currency Name, Purchase Date, Cost Basis, Date sold, and Proceeds, then try uploading again.

chickdan

Level 2

I too am getting this error while attempting to upload CSV files from both Coinbase and Cointracker. I even imported to Google Sheets to verify there were headers and exported from there.

LucasTheWalter

Level 3

Perhaps trying one of the other TurboTax crypto partners may work out better? I've been using CryptoTrader.Tax the past three years without any issues. Here's a guide from their site on importing into TurboTax Online: https://cryptotrader.tax/blog/how-to-file-your-cryptocurrency-taxes-with-turbotax

chickdan

Level 2

"Heads up, we only support CSV files from partners. Your Coinbase file will be compatible as long as it's under 2251 transactions."

According to TurboTax it is supposed to work so I shouldn't have to pay a 3rd party service when I'm already paying TurboTax for this feature.

AranezLitam

Level 2

Seconding this, it seems like the article written to guide us through Coinbase, Coinbase now reports things differently -- no gain/loss caluclator. They still allow downloads of a CSV file for the year, BUT Turbo tax keeps throwing an error saying "No headers found in this file". Coinbase's partnership with TT Premier and touting the ease of the transaction data is the only reason I'm using this service and am hoping it gets fixed before taxes are due.

Ursula3

Level 2

Last year it worked.

But this year I keep getting the error message "No headers found" and when I look at the Excel Spread CSV file there are the purchases and sales listed, but no information about the cost basis.

How am I supposed to know what cost basis applies to my many sales? This ought to be set up similar to a Tax Form 1040 Schedule D Format. So if other members mentioned that the gains/loss calculator is missing, why is that??

That throws a very bad light on Coinbase and also on Intuit Turbo Tax when the steps are supposed to be simple, and then they are not.

Since I am not the only one with this trouble, and we are now at the beginning of February, 2021, please, please fix this up to the taxpayers' satisfaction. And pronto !!

emlynnsmith

Level 2

Having the same issue -- it seems to be a turbotax issue that they have not yet addressed....

Dwdrummer41

Level 2

I keep getting “No headers found in this file”.

I tried updating them through excel and numbed and still get the same error. Please fix this. It’s extremely frustrating.

dailyphil

Level 2

@AkinaLO

I'm also getting the error: "Please make sure your CSV file has columns for Currency Name, Purchase Date, Cost Basis, Date sold, and Proceeds, then try uploading again." Coinbase doesn't have these columns when you export the doc from their site. Please fix this. Manually entering each transaction will take way too long.

Dwdrummer41

Level 2

This is definitely a Coinbase issue. I opened up a ticket with them. I was able to use the third party that coinbase recommends. Luckily I had less then 25 transactions and didn’t have to pay anything. The report from third party loaded without problem. Seems Coinbase and this third party maybe working together to milk us for more money. I will not be using coinbase anymore.

Odius85

Level 2

Cointracker provides the option to download TWO types of CSV files, Transaction History and Capital Gains. The Capital Gains CSV file is the one that will upload into TT correctly. This can be found by going to the "Taxes" tab at the top of the screen and selecting "Tax Center." Then, scroll down until you see "Tax Reports" on the right hand side of the screen. Click on "CSV Reports" and download "Capital Gains CSV." This should result in a successful upload of your transactions into TurboTax

SForrestLO

Level 11

Please see this Turbo Tax FAQ for more information.

How do I get a CSV file from Coinbase?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

AranezLitam

Level 2

Why does everyone keep trying to refer to CoinTracker now when at the beginning of this calendar year, TurboTax and CoinBase have been saying they work cooperatively and that TurboTax will take COINBASE outputs. They both should be investigated for false advertizing.

And why do different tax consultants post the same solutions that don't work for anyone. Is this this only way you get paid?