How can I import my TurboTax cryptocurrency transactions?

3 answers

• Langley DonaldsonFeb 17, 2021 · 5 years ago
  To import your cryptocurrency transactions into TurboTax, you can follow these steps: 1. Open TurboTax and navigate to the section for entering investment income. 2. Look for an option to import transactions or import from a financial institution. 3. Select the option to import from a financial institution and choose your cryptocurrency exchange or wallet. 4. Follow the prompts to connect your exchange or wallet account to TurboTax. 5. Once connected, TurboTax will retrieve your cryptocurrency transactions and import them into the appropriate sections for reporting on your tax return. Note that not all cryptocurrency exchanges or wallets may be supported by TurboTax. If your exchange or wallet is not listed, you may need to manually enter your transactions or consult a tax professional for assistance.
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• Bowles OliverNov 18, 2022 · 3 years ago
  Importing cryptocurrency transactions into TurboTax is a straightforward process. Here's what you need to do: 1. Launch TurboTax and go to the section where you enter investment income. 2. Look for an option to import transactions or import from a financial institution. 3. Choose the option to import from a financial institution and select your cryptocurrency exchange or wallet. 4. Follow the instructions to connect your exchange or wallet account to TurboTax. 5. TurboTax will then fetch your cryptocurrency transactions and import them into the appropriate sections for tax reporting. If your exchange or wallet is not supported by TurboTax, you can manually enter your transactions or seek guidance from a tax professional.
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• jingjie yehDec 14, 2023 · 2 years ago
  Importing your cryptocurrency transactions into TurboTax is a breeze! Just follow these steps: 1. Open TurboTax and go to the section where you enter investment income. 2. Look for an option to import transactions or import from a financial institution. 3. Choose the option to import from a financial institution and select your cryptocurrency exchange or wallet. 4. Connect your exchange or wallet account to TurboTax by following the provided instructions. 5. TurboTax will automatically import your cryptocurrency transactions and categorize them correctly for tax purposes. If your exchange or wallet is not supported by TurboTax, don't worry! You can manually enter your transactions or consult a tax professional for assistance.
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