How to Do Your Coinbase Pro Taxes

How To Do Your Coinbase Pro Taxes

CoinLedger imports Coinbase Pro data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

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Coinbase Pro Tax Reporting

You can generate your gains, losses, and income tax reports from your Coinbase Pro investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

Coinbase Pro exports a complete Transaction History file to all users. Simply navigate to your Coinbase Pro account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Coinbase Pro Tax Reporting

Coinbase Pro supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Coinbase Pro account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Coinbase Pro Tax Reporting

You can generate your gains, losses, and income tax reports from your Coinbase Pro investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:

Automatically sync your Coinbase Pro account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Coinbase Pro Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Coinbase Pro and import it into CoinLedger

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Coinbase Pro Tax Reporting

Automatically sync your Coinbase Pro account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Coinbase Pro Transaction History CSV file to CoinLedger

Coinbase Pro Tax Reporting

Navigate to your Coinbase Pro account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't Coinbase Pro Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Coinbase Pro. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Coinbase Pro's reporting is that it only extends as far as the Coinbase Pro platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Coinbase Pro, Coinbase Pro can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CoinLedger works here.

Coinbase Pro has shut down. Coinbase retired Coinbase Pro on November 20, 2023 and moved its features into Advanced Trade inside the main Coinbase app. You can no longer log in to or trade on Coinbase Pro, and your balances and full transaction history now live in your regular Coinbase account. You still owe tax on your past Coinbase Pro activity, and you still need to report it, so this guide covers how to get that history and file it.

Whether you file by hand or use crypto tax software, doing your Coinbase Pro taxes comes down to four steps:

Gather your full Coinbase Pro transaction history. This is the hard part now that Coinbase Pro is closed; your history sits in your Coinbase account (see below).
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that came in as income (like rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.

For a detailed explainer on reporting crypto from any exchange, see our guide on how to report your cryptocurrency on your taxes.

That is where crypto tax software comes in. CoinLedger takes your Coinbase Pro history, connects it to every other wallet and exchange you have used, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.

Do you have to pay taxes on Coinbase Pro?

Yes. Even though Coinbase Pro has closed, your past activity there is still taxable. In the US and most other countries, it is subject to two kinds of tax:

Capital gains tax. When you disposed of cryptocurrency (selling it, or trading one coin for another), you recognized a capital gain or loss based on how the price changed since you received it.
Income tax. When you earned cryptocurrency (through rewards or interest), you recognized ordinary income equal to its fair market value at the time you received it.

For a full breakdown, read our complete guide to cryptocurrency taxes.

What tax forms does Coinbase Pro provide?

Coinbase Pro no longer issues any tax forms, because it no longer operates. Historically, it issued Form 1099-MISC to US users who earned $600 or more in rewards.

Your more recent activity lives on Coinbase, the successor platform. As a US custodial exchange, Coinbase issues Form 1099-DA for the 2025 tax year onward (reporting your gross proceeds), so any trading you did after moving to Advanced Trade will show up there, not on Coinbase Pro. See our guide on how to do your Coinbase taxes.

Does Coinbase Pro report to the IRS?

Coinbase Pro no longer exists, so it reports nothing today. Historically, it filed a copy of any 1099-MISC it issued with the IRS. Its successor, Coinbase, reports to the IRS through Form 1099-DA starting with the 2025 tax year.

Remember, you owe tax on your gains and income whether or not you received a form. A missing form does not remove the obligation to report.

Why isn't my Coinbase Pro tax report accurate?

A Coinbase Pro export only shows the activity that happened on Coinbase Pro. Because investors regularly transfer crypto between wallets and exchanges, it cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly.

Example: why transfers break your cost basis

Sarah bought $2,000 of BTC on another exchange. She transferred it to Coinbase Pro, then later sold it for $2,600 there.

Coinbase Pro only saw the $2,600 sale, not the $2,000 Sarah originally paid. Without her cost basis, it cannot tell whether she had a gain or a loss.

The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.

How to get your Coinbase Pro transaction history

Because Coinbase Pro is closed, you can no longer create a Coinbase Pro API key or download a statement from Coinbase Pro directly. Your history was migrated into your main Coinbase account, and that is where you retrieve it.

Log in to your Coinbase account and go to Statements.
Open the "Other" tab, where your migrated Coinbase Pro files live, and choose Generate custom statement. Select the account report, all portfolios and accounts, and the CSV format.
Coinbase exports one year per file, so generate a separate CSV for each year you traded on Coinbase Pro, and download each one. Do not open or edit the files first.
In CoinLedger, go to Add Account, choose the Coinbase Pro tab, and upload your files.

If you saved a Coinbase Pro CSV before the shutdown, you can upload that instead. Full steps are in our Coinbase Pro file import guide.

Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.

Get started with CoinLedger today

Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.