Disclaimer: CoinTracker is provided for informational purposes only. This service is not intended to substitute for tax, audit, accounting, investment, financial, nor legal advice. For financial, tax, or legal advice please consult your own professional. The information on CoinTracker is subject to change without notice. All information is provided "as is." CoinTracker disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Please see our full disclaimer.
Option 1: File manually yourself
You can download your completed IRS Form 8949 and cost basis history from the tax page. Don't forget to add your name and SSN to the 8949 pages (we don't ask this from you to protect your privacy). Additionally, the overall capital gains summary by long and short term is broken down on the tax page as well for your Schedule D.
Option 2: File with your existing accountant/tax filer
Again, you can download your completed IRS Form 8949, cost basis history, and capital gains summary from the tax page. Simply forward along these files to your accountant/tax filer and they should know what to do with them. If they run into any problems, please email us at firstname.lastname@example.org.
Option 3: File with a crypto advisor
Same as option #2, however we can refer you to a tax advisor familiar with crypto. You will see an offer to get connected to someone with a $50 discount on the tax page after you purchase a tax plan.
Option 4: File using tax software (e.g. TurboTax)
Unfortunately, TurboTax's online version of their software does not support importing transactions. To import your crypto transactions into the Downloadable/CD version of TurboTax (here's how to switch if you are already using the online version). Note that TurboTax has a hard limit of 3,000 entries — if you have more than this then you won't be able to use TurboTax to file your taxes:
- Open TurboTax for your current return. Click File > Import > From Accounting Software (Windows) or File > Import > From TXF Files(Mac)
- Select Other Financial Software (TXF file) and click Continue
- Click Browse Files..., find the ".txf" file from CoinTracker, and select Import Now
- The file should show up as 1099-B. Select Import Now
- Click Done on the next screen
- From the top menu, navigate to PERSONAL > Personal Income and scroll down to Investment Income. You should see the new entries added here
- Click Start (or Update if you have already been here) next to "Stocks, Mutual Funds, Bonds, Other"
- Notice that Needs info? says YES. There is no Institution Name set for the data because crypto data is not set to one institution. This is expected and you can ignore this warning
- Click Edit to see the information that has been entered or Done to finish. Note that this only works for up to ~2,000 transactions. Beyond that you'll have to manually enter the summary information and then mail in the Form 8949 separately (TurboTax walks you through this process)
Option 5: File using Credit Karma
Unfortunately they do not support uploading your Form 8949, so you will have to manually enter the lines from your form into their tool.
Option 6: File using H&R Block
Instructions are here.