Coinbase Csv File Not Compatible On Turbotax? No H

This could take a couple of minutes and then provides you with a gain-loss summary as shown below. It’s actually very difficult to avoid crypto taxes.

Well, I’ll tell you straight up – the IRS requires you to report your cryptocurrency trades and any earnings you’ve made. It can be tough to keep it all straight when filing your taxes, but I recommend using TurboTax to ensure everything is in order. Every sale or trade of mined crypto must be reported on an IRS 8949 cryptocurrency tax form. Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant. From here, TurboTax will list the taxable transactions and ask you to proceed with marking them as needed.

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