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We send the most important crypto information straight to your inbox! Thus far, we have mostly been talking about capital gains. Keep it conversational. Tom Young. However, to further help customers, Coinbase is integrating with CoinTracker, a Y Combinator-backed crypto and bitcoin tax software manager built by former Google employees. Break information down into a numbered or bulleted list and highlight the most important details in bold. Any customers who need additional assistance can tap certified public accountants or enrolled agents at Intuit. To continue your participation in TurboTax AnswerXchange: Other costs typically include things like transaction fees and brokerage commissions from the exchanges you purchase crypto from. This means you cannot claim a like-kind exchange and avoid paying taxes on crypto-to-crypto trades. Your "proceeds" is the translation of the Ripple at an appropriate rate into US dollars.