How do you import cryptocurrency into ProSeries?

7 replies
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Looking for how to import cryptocurrency transactions from coinbase. And or how to enter if there is no import.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

You cant import that coinbase data dump into ProSeries an expect it to be able to digest it.

Have the client signup with CoinTracker (or a similar service) and it will turn that mess from Coinbase into a usable 8949 style report form that can be entered into PS.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

mikec610

Level 3

My client has 50 pages of 8949 from Coin Tracker. He also has a Schedule D. I have tried to Summarize the numbers on his 8949 with the idea of transmitting the paperwork to IRS. However, it requires a date of sale on the software. Any ideas how to circumvent this and is this even the correct process.

Just-Lisa-Now-

Intuit Community Champion

Just pick a date, it doesnt really matter, they're all short term.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jeffmcpa2010

Level 10

I just let their next tax preparer figure it out.

At my age, I'm not interested in dealing with people who would gamble on that stuff.

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