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How to file crypto taxes with CoinTracker and H&R Block Online

This article applies to US customers only.

CoinTracker provides H&R Block customers with an automated and secure crypto tax solution—including complete transaction reporting and cost basis information. 

Note: To complete your crypto taxes, you'll need 1099-DAs from every exchange. If you haven't received them yet, wait to file until all of them arrive.

Prepare your crypto taxes on CoinTracker and import to H&R Block

Follow these steps to prepare your crypto taxes and connect a CoinTracker account through H&R Block:

Step 1 Purchase a CoinTracker plan

Purchase a CoinTracker plan. You must have a paid CoinTracker plan to import your tax information into H&R Block. See the renewal guide to check whether your plan needs renewal for the current tax year.

Step 2 Follow the CoinTracker guided tax flow

The CoinTracker guided tax flow will help you prepare your taxes for easy filing on H&R Block.

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. 

Note: Before filing, make sure you've received all applicable 1099-DAs from your exchanges. Timing varies by exchange.

Step 3 Import your forms into H&R Block

Directly import your transactions into H&R Block.

  1. Sign in to your H&R Block account.
  2. Navigate to the Income tab.
  3. When you reach the How do you want to add your crypto sales? section, select Connect to CoinTracker.
  4. Sign into your CoinTracker account.
  5. Once you login, you will be taken to CoinTracker's guided tax flow. Complete CoinTracker's guided tax flow, if you haven't already.
  6. At the end of the guided tax flow, download your completed Form 8949 Attachment file and select Send to H&R Block.
  7. Review the import on H&R Block and select Next, without inputting the requested TIN/CUSIP information.
  8. At the end of filing, you'll be asked to import the Form 8949 Attachment file you downloaded.

Step 4 Manually add income in H&R Block

Certain types of crypto transactions, such as Airdrops, Payments, Forks, Mining, Staking, Interest, Royalty, or other transactions are considered taxable income. CoinTracker calculates your taxable income and lists it on the Taxes page under Total income and provides the same total to you on your Form 1040 (Schedule 1). 

H&R Block does not yet support syncing income data from CoinTracker, so you will need to enter your Total Income manually after you sync your capital gains data.

Steps to enter taxable income into H&R Block

  1. Select Federal from the dropdown, then select the Income tab.
  2. Select Other less common income.
  3. Select Income not reported anywhere else, then select Next.
  4. Select Add on the Income not reported anywhere else module to edit.
  5. Under Digital assets received as ordinary income and not reported elsewhere, enter the amount from your 1040 (Schedule 1) or the Taxable Income shown on the Taxes page.
  6. Select Next.
  7. If the entry looks correct, select Next again to save.

If you run into any issues, please don't hesitate to reach out to our support team for help.

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