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For the 2020 tax year, Coinbase customers can get a discount to TurboTax products using this link or take advantage of CoinTracker to determine their gains/losses. Using CoinTracker Sign up using your Coinbase account to import your transactions and calculate your crypto gains/losses. CoinTracker is free for up to 25 transactions per customer.
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tl;dr: CoinTracker, the most trusted cryptocurrency and bitcoin tax software has partnered with Coinbase and TurboTax to make it simple to calculate and file cryptocurrency taxes. CoinTracker’s tax product is for anyone who has had a taxable crypto event and needs to file their taxes.
3 Steps to Calculate Coinbase Taxes (2022 Updated)
CoinTracker has partnered with Coinbase and TurboTax .
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How to load Coinbase CSV into TurboTax Premier?
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Coinbase csv file not compatible on turbotax? No H.
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Coinbase is a dead end with Turbotax, so Turbotax needs to remove the Coinbase logo from their site instead of telling people that if they upgrade to Premier, the upload will go smoothly. But they won't do this because just advertising Coinbase compatibility brings in lots of money. If Turbotax and Coinbase want to partner up, great!
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Can You Import Coinbase to TurboTax The short answer is yes. You can import your Coinbase transactions into TurboTax with the help of Cryptotrader. Cryptotrader integrates with turbotax You need to download your transaction history from the Coinbase website and use them to upload into TurboTax. There are some limitations though.
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TurboTax Makes it Easier for Coinbase Customers to Report .
Using TurboTax or CoinTracker to report on . - Coinbase Help
TurboTax is taking steps to streamline the crypto community’s experience this tax season. We’ve built a solution that allows you to import transactions from Coinbase to TurboTax, with plenty of help and resources along the way. Before, you were required to manually enter each taxable transaction, which could take hours.
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There is a disconnect between what turbotax wants and what it's partner (coinbase) provides in the CSV. Bannedrock described it very well. The headers are creating an error because they are not what turbotax expects for the columns. This is going to be quite time consuming for quite a lot of people.
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