How to file your Coinbase Pro taxes with Koinly

Coinbase Pro has been discontinued, but if you had previous transactions, you'll still need to calculate any potential Coinbase Pro taxes due. Whatever your investment strategy on Coinbase Pro, Koinly can help you get your crypto taxes done

How to do your Coinbase Pro taxes with Koinly

It's easy to do your Coinbase Pro taxes with Koinly. Just import your transaction history from Coinbase Pro via CSV file. Once Koinly has your transaction history, it'll calculate your gains, losses, income, and more, before generating your crypto tax report.

How to export your Coinbase Pro CSV files

Files needed

You need to import two files to your Coinbase Pro wallet in Koinly:

1. Account report

2. Fills report

Download Account report

1. Log in to your Coinbase account

2. Head to the Coinbase Pro Account Statements page

3. Under the Generate Custom Report section section on the right, select the following options: Report type: Account, Portfolio: All Portfolios, Account Type: All Accounts, Date: select a year, Format: CSV

4. Select Generate

5. Repeat for every year you traded on Coinbase Pro

6. You will receive an email with the link, Download Your Report. Click this to download your CSV file

Download Fills report

1. Log in to your Coinbase account

2. Head to the Coinbase Pro Account Statements page

3. Under the Generate Custom Report section section on the right, select the following options: Report type: Fills, Portfolio: All Portfolios, Account Type: All Accounts, Date: select a year, Format: CSV

4. Select Generate

5. Repeat for every year you traded on Coinbase Pro

6. You will receive an email with the link, Download Your Report. Click this to download your CSV file

How to upload your Coinbase CSV files to Koinly

1. Sign up or login into Koinly and head to the wallets page

2. Add a new wallet: Coinbase Pro

3. Select import from file

4. Upload your Coinbase Pro CSV files

How are Coinbase Pro transactions taxed?

The tax you pay on crypto depends on your transactions and where you live. You can learn more about crypto tax in your country in our crypto tax guides, but in general, you’ll pay either Capital Gains Tax or Income Tax on your crypto (or both!).

• Capital Gains Tax: If sold or swapped crypto on Coinbase Pro and made a gain, you’ll likely pay Capital Gains Tax on that gain.

• Income Tax: If you earned new tokens on Coinbase Pro, this is generally viewed as additional income and subject to Income Tax upon receipt.

Does Coinbase Pro report to the IRS?

Yes. Coinbase Pro reported to the IRS. Coinbase Pro issued users with more than $600 in income a 1099-MISC to you. Remember - when you get a 1099 form, so does the IRS.

Coinbase also lost a John Doe summons case to the IRS in 2016. This meant the exchange was legally compelled to share KYC data for some customers with the IRS. Though Coinbase Pro was formerly GDAX - the exchange is an owned property of Coinbase and is subject to the same reporting requirements.

How do I file my Coinbase Pro taxes?

You’ll need to report any capital gains, losses, or income from your Coinbase Pro investments to your tax office, generally as part of your annual tax return.

You can do this yourself - but it’s time-consuming. You need to identify each taxable transaction on Coinbase Pro, figure out the kind of tax that applies, and calculate any gain, loss, or income.

Alternatively, use Koinly to do this for you. Koinly calculates your tax liability and generates your crypto tax report, ready to file with your tax office.