For those like me who trade on multiple exchanges, have private wallets and want to be fully compliant with the IRS, it’s a nightmare trying to zero out on the years of trades. This was the year I wanted to go fully legit so here’s my advice.

1) Upload everything into Coinledger. I’m sure there’s others but I was happy with it. They have a generic template that you can populate your staking or DEX trades with. You can see if you get close to zero’ing out before buying the final tax report.

2) In TurboTax or whatever you use, upload the Schedule D from coinledger only. That’s it. Don’t let TurboTax try to do the math on the individual trades. Schedule D and done. Attach 8949’s at the end only as a reference.

3) Do not upload the 1099-DA’s that binance or coinbase give you. Don’t even feed them into coinledger or similar. They only have the trades of that exchange on them, so the cost basis will always be wrong. Don’t even bother.

Hope this helps someone. ✌️

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