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Someone please help. TurboTax shows very different gain/loss totals depending on how the information is retrieved.
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So if I directly import it by connecting to my Coinbase acct, it says I have lost about $100 but if i download a csv file from Coinbase and upload that to TurboTax it says I’ve lost $1300. So which one is more accurate? Which should I assume is correct? And why are they so far off? I haven’t checked to see if every single transaction is the same or not but there do seem to be a few differences here and there as far as how a transaction is labeled. Example sometimes staking reward is labeled as interest and others it’s labeled reward. And vice versa. I did have to do more editing/confirming of info when importing directly before TurboTax would let me continue, and I estimated or rounded a bit here and there but I did not think I could have possibly messed it up THAT badly. Was not expecting to see such a large difference. I am currently inclined to think the csv is closer to the truth but I just want to make sure.

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2 years ago