How do you import cryptocurrency into ProSeries?

[herbslc]

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

[Just-Lisa-Now-]

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.

[jeffmcpa2010]

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.

[mikec610]

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-]

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

[mikec610]

Thanks! You are a Life Saver😎

[jtsjoz]

Thank you for the Input, I just got 64 pages of 8949 -- Does it matter that they are short-term transaction not reported on a 1099B ( box C checked) 

[linduca]

Another option might be:   show "various" in the sales date and before e-filing unmark the check for errors.  Attach the spreadsheet with all the transactions on it as a pdf.      AM thinking though, (as suggested) using a date shown for most of the transactions might be the better way to do it. "Various" might be a trigger...  I found dealing this has not been worth the headache.  Will step aside next tax season...