Last Updated: August 25, 2020
tl;dr: CoinTracker, the most trusted cryptocurrency and bitcoin tax software has partnered with Coinbase and TurboTax to make it simple to calculate and file cryptocurrency taxes.
CoinTracker’s tax product is for anyone who has had a taxable crypto event and needs to file their taxes. Most cryptocurrency exchanges cannot provide all of the transaction information you need to calculate your full cryptocurrency tax picture because doing so requires aggregation of all of a users’ transactions across all wallets and exchanges. CoinTracker does exactly this. CoinTracker has teamed up with industry leader Coinbase to make it easy for users to import their transactions from Coinbase and Coinbase Pro into CoinTracker and calculate their cryptocurrency taxes.
Under the integration, CoinTracker and Coinbase are continuing to make cryptocurrency adoption easy, providing you with one secure place in which to aggregate your cryptocurrency tax documentation, regardless of exchange.
Additionally, CoinTracker has partnered with TurboTax to directly import your combined transaction history across exchanges & wallets into TurboTax online. From there, your computed capital gains will automatically be factored into the rest of your tax return.
CoinTracker supports more than 2,500 coins, automated integrations for 20 of the top exchanges and is already tracking more than $200 million in crypto assets. So far, more than 50,000 exchange accounts have connected to CoinTracker, with thousands of tax filers already completing their tax calculations using the service.
Disclaimer: this post is informational only and is not intended as tax advice. For tax advice, please consult a tax professional.