H&R Block and CoinTracker have partnered to make filing your crypto taxes easy

Investing in cryptocurrency can be tricky — especially when it comes time to file your taxes. And this year, new IRS reporting rules are adding a new tax form to your inbox (1099-DA).

Luckily, H&R Block has teamed up with CoinTracker to make reporting easy—even if you have transactions from multiple exchanges— so you can file confidently.

Import your crypto transactions and H&R Block will do the rest

When you file with H&R Block Premium Online, you can link your CoinTracker account and automatically import your crypto tax data, including activity reflected on Form 1099-DA.

Save time

No need to manually enter your transactions row by row. Whether you have 50 transactions or 5000, your reconciled gains and losses are imported in just a few clicks.

Improve accuracy

Avoid mistakes from cutting and pasting data manually—and get accurate gain/loss calculations for any incomplete cost basis information from Form 1099-DA.

Simplify your filing

Your gains and losses are added automatically to the right place on your return, taking the stress out of figuring it out on your own.

Special offer for H&R Block clients

As an H&R Block customer, you receive a 10% discount on your first year using CoinTracker. Visit the CoinTracker site for details.

Visit CoinTracker

Have questions? Check out our FAQs below. Plus, check out our post on cryptocurrency taxes.

Here’s how it works for H&R Block Premium Online

  1. Start your return in H&R Block Premium Online, complete the Personal Info section and open the Income Hub.
  2. Select Cryptocurrency, then choose Connect to CoinTracker.
  3. Review the notice that you’ll be redirected to CoinTracker (CoinTracker’s Terms of Service and Privacy Policy apply).
    • Returning CoinTracker user: Log in, review any remaining reconciliation items, download the Form 8949, then click Import to send your crypto tax information back to H&R Block.
    • New to CoinTracker: Sign up, connect your wallets/exchanges (and upload/provide any 1099-DAs if needed), resolve any adjustments, download the Form 8949, then click Import to send your crypto tax information back to H&R Block.
  4. Finish, upload the Form 8949, file, and submit your return in H&R Block Premium Online.

How it works for those filing with an H&R Block tax pro

Your tax pro can access your data and reconcile transactions on your behalf.
 
Follow the steps below to invite your tax pro.
1.       Log in to your CoinTracker account
2.       Click on your email in the upper right
3.       Click ‘Add tax professional’
4.       Click ‘Invite tax pro’
5.       Add your tax professional’s email and click ‘Invite’

If you’re new to CoinTracker, your tax pro can help with accessing and importing your relevant data.

Free vs. paid services

Using CoinTracker is free if you:

  • Connect only these supported exchanges (up to 10 per tax return): Coinbase, Kraken, Binance.US, Gemini, Crypto.com, Robinhood, Fidelity, Bitstamp, Uphold, and eToro, and
    • Have 10,000 or fewer lifetime transactions, and
    • Have not transferred crypto between exchanges or wallets (no cross-platform transfers)

You’ll need to pay for a CoinTracker plan if you:

  • Transferred crypto between two or more exchanges/wallets, or
  • Connect any exchange/wallet/blockchain not in the supported list above, or
  • Have more than 10,000 lifetime transactions

New CoinTracker users can get a 10% discount! If you need a paid plan, you’ll receive 10% off when you start from H&R Block.

Get started with your crypto taxes today

You can file your crypto taxes using H&R Block Premium Online.

  

CoinTracker & H&R Block Integration and Crypto FAQs

CoinTracker is a cryptocurrency tax and portfolio tracking platform. It connects to major exchanges and wallets to calculate your crypto gains, losses, and income.

With new Form 1099-DA reporting, CoinTracker helps reconcile your complete activity before importing to H&R Block, helping investors who have tax forms that don’t reflect their full transaction history (especially if assets were transferred between platforms).

Yes. This year, many exchanges may issue Form 1099-DA to report digital asset sales. To help you handle this, CoinTracker now supports 1099-DA imports and improved missing cost basis + reconciliation workflows (in a dedicated page/tab) before you import into H&R Block.

CoinTracker helps you:

  • Import 1099-DA (if you received one) and match it to your activity
  • Detect and resolve missing cost basis
  • Connect wallets/exchanges, group transactions by account, and reconcile results

When you’re finished, click Import to send your finalized crypto tax data back to H&R Block Premium Online.

Form 1099-DA reports digital asset sales to the IRS. However, it may not include your complete cost basis if you transferred crypto between exchanges or self-custody wallets.

Connecting CoinTracker helps ensure your gains and losses are calculated based on your full transaction history before filing with H&R Block. In some cases, missing transaction history could result in paying more taxes than necessary.

We are only able to import account data from one account. You may want to import the account with the most transactions.

CoinTracker displays all transactions in your history. For tax purposes, transactions are broken into cost basis lots and by exchange/wallet. If assets were purchased at different times and sold together, the sale may generate multiple reportable rows — which can result in more items imported than visible transactions.

Yes, you should file crypto taxes if you’ve lost money on crypto because you may be able to reduce your taxes by offsetting capital gains against the losses and potentially deducting the losses. This is called tax loss harvesting.

When you connect CoinTracker through Direct Import, your gains and losses from your Form 1099-DA flow directly into your H&R Block return. You will also be able to download Form 8949 from Cointracker (should be uploaded prior to filing).

This is a common question as it can be a bit confusing to know which situations apply.  When you file with H&R Block Online, we’ll ask you about your crypto usage to cover this question.
 

Select ‘Yes’ if you:

  • Exchanged digital assets for goods, services, or property
  • Exchanged or traded one digital asset for another digital asset
  • Sold digital assets
  • Received digital assets as payment
  • Received digital asset for free that doesn’t qualify as a bona fide gift (Ex: airdrop)
  • Received digital assets for mining or staking
  • Received digital assets as a result of a hard fork
  • Transferred or distributed financial interests in digital assets

Select ‘No’ if you:

  • Only held digital assets (virtual currency, NFTs) in your wallet or account
  • Transferred digital assets between your own wallets or accounts
  • Purchased digital assets using real currency

Similar to cryptocurrency, non-fungible tokens (NFTs) are units of data stored on a digital ledger called a blockchain.

Unlike cryptocurrency where any unit can be swapped out for another without changing the value of the asset — NFTs are unique and therefore not interchangeable. In plain terms, NFTs are unique digital assets.

NFTs  can be used to represent digital files such as photos, videos, audio, etc.

NFTs are considered property and can be subject to both capital gains and income tax. The way NFTs are taxed will depend on if you are a creator (creating/ minting and selling NFTs) or an investor (buying/ selling NFTs).

The types of taxable events for creators include:

  • Minting/selling an NFT
  • Earning NFT royalties

The types of taxable events for an investor include:

  • Selling an NFT

 
See complete NFT tax guide from CoinTracker.