Crypto Reporting

Forum|Forum|3 years ago
February 15, 2023
1 reply
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I apologize if this question has been asked and answered, but I have been searching for an answer that applies specifically to my product.

I have Gain/Loss data that I retrieved from the Coinbase website, the CSV and the prefilled Form 8949, but I am now trying to use that data with my TurboTax Deluxe 2022.

Does anyone have a solution to this that will work for my version?

Thanks in advance.

Chuck

SantinoD

Since you were able to retrieve Form 8949 and CSV file from coinbase, you can enter the summary totals from either form into your return.

Or if you prefer to import, follow the steps below:

There are multiple ways to upload a CSV of your digital asset info into TurboTax, depending on your situation. Follow these steps to find out what’s best for you.

Identify your sources
- Know the exchanges (like Coinbase), wallets (like MetaMask), and blockchains (like Ethereum) with which you had digital asset activity (like buying, selling, holding) in 2022
Identify if you did any of the following in 2022:
- Bought, sold, or converted crypto
- Sent digital assets from one source (like a wallet) to another
- Bought, sold, or minted NFTs
- Invested in DeFi (Decentralized Finance) instruments (like staking or lending)
Check if TurboTax supports your sources
- Gain/loss CSVs (1099-B): Coinbase, Robinhood, TaxBit, CoinTracker
- Supported transaction CSVs: Coinbase, Coinbase Pro, PayPal, CashApp, Binance.US
Determine your next steps
- If TurboTax doesn’t support your sources, follow these steps to create your own CSV
- If you have Coinbase and you participated in an activity besides trading crypto, we recommend using the Coinbase transaction CSV
- If TurboTax supports your sources, continue to step 5
  - If you traded digital assets on Robinhood, then use the 1099-B CSV file provided by Robinhood
Sign in to TurboTax, and open or continue your return
Select Search then search for cryptocurrency
Select jump to cryptocurrency
On the Did you sell any of these investments in 2022? screen, select Yes
- Select +Add investments if you've already added some crypto info
On the Get ready to be impressed screen, select Continue
On the Let's import your tax info screen, select Enter a different way, and then Cryptocurrency
Select Upload it from my computer on the Select your crypto experience screen
On the What’s the name of the crypto service you used? screen, select your crypto service from the dropdown and Continue
After downloading your CSV file from your crypto source, upload it on the Upload CSV screen