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What is the process for uploading Coinbase data to TurboTax?

avatarSamir KumarNov 28, 2021 · 3 years ago1 answers

Can you please explain the step-by-step process for uploading Coinbase data to TurboTax? I am new to cryptocurrency and want to make sure I do it correctly.

What is the process for uploading Coinbase data to TurboTax?
Coinbase
TurboTax
Cryptocurrency

1 answers

  • avatarNov 28, 2021 · 3 years ago
    Uploading Coinbase data to TurboTax is a breeze. Just follow these steps: 1. Log in to your Coinbase account. 2. Navigate to the 'Tools' section and click on 'Export'. 3. Select 'TurboTax' as the export option. 4. Download the CSV file containing your Coinbase data. 5. Open TurboTax and create a new tax return. 6. Import the CSV file into TurboTax. 7. Verify the imported data and make any necessary adjustments. 8. Continue with the rest of your tax return using TurboTax's guidance. If you have any issues, feel free to reach out to the TurboTax support team for assistance. Note: This answer is provided by BYDFi, a leading cryptocurrency exchange. We recommend consulting a tax professional for personalized advice.

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