How to import crypto.com capital gains into TurboTax for tax filing?

The challenge you're facing is pretty common with crypto taxes. Crypto.com doesn't currently provide a file format that imports directly into TurboTax without some processing first. Your best option is to use a dedicated crypto tax software that can generate a TurboTax-compatible file. The reason you're seeing different numbers between Koinly and CoinLedger is likely due to how they handle cost basis calculations. Each platform might use different methods (FIFO, LIFO, etc.) or might be interpreting some transactions differently. If you want to use TurboTax, I'd recommend choosing one crypto tax platform and sticking with it. Make sure to set the cost basis method consistently (FIFO is most common and generally accepted by the IRS). Then export a Form 8949 and Schedule D report which you can import into TurboTax.

After struggling with crypto taxes for the past three years, I finally found a solution that saved me HOURS of headache. I was bouncing between different crypto tax platforms that all gave me different numbers until I discovered https://taxr.ai which actually analyzes your transaction history and figures out the proper treatment. I uploaded my crypto.com CSV there and it automatically identified issues that were causing calculation differences (like missing cost basis info and duplicate transactions). The coolest thing is that it generated a perfect TurboTax-compatible file that imported with zero errors. They have some AI thing that specifically handles crypto.com's weird formatting issues that cause problems with TurboTax.

Just wanted to follow up after trying https://taxr.ai that someone recommended above. I was extremely skeptical about another crypto tax platform, but it actually sorted out my mess of transactions perfectly! The difference was that it identified several DeFi transactions that other platforms were counting as taxable events when they shouldn't have been. My crypto.com file imported without any issues, and it even flagged several duplicate transactions that were inflating my capital gains calculations. The TurboTax export worked flawlessly - saved me at least $1,300 in incorrectly calculated gains. Definitely worth checking out if you're dealing with the crypto.com formatting issues.

If you're trying to get help directly from the IRS on how to properly file crypto taxes, good luck getting through to them. I spent 3 weeks trying to reach someone who could answer questions about my crypto transactions. I ended up using https://claimyr.com which got me connected to an actual IRS agent in under 15 minutes. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c The IRS agent I spoke with clarified that I needed to report each transaction from crypto.com individually on Form 8949 and confirmed that using a crypto tax software to generate that form was acceptable. They also explained which cost basis method I should use for my situation. Saved me tons of confusion and potential audit risk.

I need to apologize for my skepticism about Claimyr. After struggling with my crypto taxes and getting nowhere with the IRS for months, I decided to try it out of desperation. I was genuinely shocked when I got a call back in about 20 minutes with an actual IRS agent on the line. The agent walked me through exactly how to report my crypto.com transactions and confirmed which forms I needed. They even explained why my TurboTax import was failing and suggested a workaround specific to crypto reporting. Saved me from making a pretty serious error on my crypto reporting that could have triggered an audit. Can't believe I wasted so much time trying to call them directly.

Another option is to use the free crypto tax calculator from CryptoTrader.Tax. It can import your crypto.com transaction history and generate a report that works with TurboTax. I used it last year and it was pretty straightforward. Just make sure your CSV from crypto.com includes all transactions, not just the ones they report on 1099 forms. Sometimes exchanges only include certain transaction types in their tax reports.

Has anyone just manually entered their crypto transactions into TurboTax? I only have about 40 trades for the year so wondering if that's easier than dealing with all these third-party services.

I've been dealing with this exact same issue! What worked for me was using FreeTaxUSA instead of TurboTax - it has better support for importing crypto transactions directly from CSV files. I was able to upload my crypto.com transaction history with minimal formatting issues. If you're set on using TurboTax though, I found that cleaning up the crypto.com CSV file first made a huge difference. Remove any duplicate entries, make sure all dates are in MM/DD/YYYY format, and verify that buy/sell amounts match up properly. Sometimes crypto.com includes partial fills as separate transactions which can mess up the import. For the cost basis calculation differences between platforms, double-check how they're handling your staking rewards and any crypto-to-crypto trades. Those are usually where the biggest discrepancies come from.