Learn how to easily file your crypto taxes using CoinTracker with TurboTax. For common questions and troubleshooting, check out our TurboTax FAQ.
Step 1: Purchase a CoinTracker plan
You must have a paid CoinTracker plan to import your tax information into TurboTax.
Step 2: Add your complete transaction history
Ensure your entire crypto transaction history is represented in CoinTracker by connecting all your exchanges and wallets—it's crucial for the accuracy of your tax report.
If you have more than 10,000 transactions, you’ll need to manually upload your transactions to TurboTax.
Step 3: Verify your CoinTracker account is accurate
Review our guide for steps to ensure your account is accurate before downloading your tax reports.
Step 4: Upload crypto taxes to TurboTax
In order to complete the following steps, you’ll need a paid CoinTracker plan:
- In TurboTax, navigate to the cryptocurrency section, typically found under Federal > Wages & Income.
- Choose CoinTracker as the source for importing your tax information.
- Click Get my form and proceed to authorize TurboTax to access your CoinTracker data.
- After successful import, you'll see your total proceeds. Note that this reflects the total proceeds and not the taxable gains.
- Verify the capital gains/losses reported match those in CoinTracker's Taxes page to complete this process.
Note that minor differences in capital gains/losses may occur due to CoinTracker rounding amounts up to $0.01 in TurboTax.
Step 5: Enter taxable income manually
Report any taxable income manually to TurboTax. Check the Taxable income section on the Taxes page or Form 1040 (Schedule 1) on the IRS forms tab.