How to Use CoinTracker with TurboTax & H&R Block

James

— 1 min read

CoinTracker makes it easy to report your crypto taxes by syncing directly with TurboTax and H&R Block. Follow these steps to file accurately and avoid manual errors.

Step 1: Set Up Your CoinTracker Account

  1. Sign in to CoinTracker
  2. Connect all your crypto wallets and exchanges
  3. Review transactions for errors (duplicates, missing cost basis, unknown transfers)

👉 Make sure everything is categorized correctly before exporting.

Step 2: Review Your Tax Summary in CoinTracker

  • Go to Tax → Tax Summary
  • Select the correct tax year
  • Check:
    • Capital gains & losses
    • Income from staking, mining, rewards
    • Fees and transfers

CoinTracker automatically calculates this for you.

Step 3: Export to TurboTax

  1. In CoinTracker, go to Tax Reports
  2. Select TurboTax
  3. Click Export to TurboTax
  4. Log in to TurboTax when prompted
  5. Your crypto transactions will auto-import into:
    • Form 8949
    • Schedule D

✅ Best for most users — fast and error-free.

Option B: File Upload (CSV)

  • Download the TurboTax Online CSV
  • Upload it manually inside TurboTax if direct import isn’t available

Step 4: Export to H&R Block

Option A: CSV Upload

  1. In CoinTracker, download the H&R Block CSV
  2. Log in to H&R Block Online
  3. Navigate to Crypto / Investments
  4. Upload the file

Option B: Manual Summary Entry

  • Use CoinTracker’s tax summary to manually enter totals if CSV upload isn’t supported for your plan

Step 5: Final Review in TurboTax or H&R Block

Before filing:

  • Confirm total capital gains/losses
  • Verify crypto income is reported as Other Income
  • Check for IRS forms:
    • Form 8949
    • Schedule D

Then submit your return 🎉

Pro Tips (Avoid Common Mistakes)

  • ✅ Always sync all wallets (missing one = incorrect taxes)
  • ✅ Fix “unknown transactions” in CoinTracker
  • ❌ Don’t manually re-enter trades if you already imported
  • 📄 Save CoinTracker tax reports for records

Who Should Use CoinTracker + Tax Software?

  • Traders with multiple exchanges
  • DeFi, NFT, staking users
  • Anyone receiving 1099-DA from exchanges
  • Beginners who want stress-free filing

Read more