In January 2018, LibraTax migrated linked Coinbase accounts to the Coinbase V2 API. To make sure you’re using the latest version of the Coinbase integration, please try the following procedure: 1. Log into Coinbase and remove any existing LibraTax entries from Settings > Security > Third-Party Applications. 2. On LibraTax, click the Sync/Refresh button on […]
LibraTax cannot provide official legal or tax advice. Please consult with a licensed tax preparer to ensure you file and pay taxes correctly. We’ve partnered with several professionals who you may hire. We offer the ability for you to choose from a few different cost-basis methods. Cost basis methods are how you would like to […]
You will need a Bitcoin exchange in order to buy Bitcoin. Here’s two to choose from: http://coinbase.com/ and http://circle.com/ – once you have your Bitcoin, our service helps you account for it.
M stands for ‘Fair Market Value’ – when the transaction doesn’t have a specific exchange rate, our software provides the value of the coin on that day for you.
Please send us a support email and we’ll be happy to take a look more closely for you as what may have caused this issue.
Your LibraTax output will take the place of Form 8949 that you use to supplement your Schedule D you’re generating in TurboTax. Here’s more information about the Schedule D from the TurboTax site: https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/Guide-to-Schedule-D–Capital-Gains-and-Losses/INF19991.html