How to load Coinbase CSV into TurboTax Premier for free in 2022?

TurboTax claims it work. But it is NOT.

TurboTax gives the option to upload the Coinbase CSV but "Validation Failed" every time!

This is very frustrating. TurboTax gives the option to upload the Coinbase CSV, but TurboTax will not accept the Coinbase CSV format! It sounds like a bit of false advertising of their partnership when it comes to the real compatibility.

Here is how I make it work for free in 2022:

Get CVS file from Coinbase

Import CVS file into taxbit

Download TXF files

From TaxBit, download IRS 8949 from Taxes, select TXF format

IRS 8949
IRS 8949
TXF format
TXF format

Import txf file

Unpack the downloaded zip file, and import txf file into TurboTax

  1. Open (continue) your return in TurboTax
  2. From the TurboTax File menu in the upper-left corner, select "Import" followed by "From Accounting Software"(Windows) or "From TXF Files" (Mac)
  3. Follow the instructions
  4. If things go smoothly, you will see them under Import Summary

Pro & Con

Pro: It is free.

The FREE plan of TaxBit has:

  • Unlimited Transactions
  • Unlimited Wallet Addresses
  • Email Support

Con: Support Ethereum Only

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