How to import cryptocurrency transactions into Turbotax?

3 answers

• forreal_rahulApr 01, 2023 · 3 years ago
  To import cryptocurrency transactions into Turbotax, you can follow these steps: 1. Log in to your Turbotax account and navigate to the section for reporting investment income or capital gains. 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 search for your cryptocurrency exchange. 4. Choose your exchange from the list and enter your login credentials. 5. Turbotax will then retrieve your transaction history from the exchange and import it into your tax return. Please note that not all cryptocurrency exchanges are supported by Turbotax. If your exchange is not listed, you may need to manually enter your transactions. Remember to review the imported transactions for accuracy and make any necessary adjustments before submitting your tax return.
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• Sude DikenAug 15, 2021 · 5 years ago
  Importing cryptocurrency transactions into Turbotax is a breeze! Just follow these simple steps: 1. Log in to your Turbotax account and go to the section where you report investment income or capital gains. 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 search for your cryptocurrency exchange. 4. Select your exchange from the list and enter your login details. 5. Turbotax will then fetch your transaction history from the exchange and import it into your tax return. If your exchange is not supported by Turbotax, you can manually enter your transactions using the information provided by your exchange. Remember to double-check the imported transactions for accuracy and make any necessary adjustments before submitting your tax return.
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• MenigFlauramusDec 24, 2020 · 5 years ago
  Importing cryptocurrency transactions into Turbotax can be done in a few simple steps: 1. Log in to your Turbotax account and navigate to the section for reporting investment income or capital gains. 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 search for your cryptocurrency exchange. 4. If your exchange is not listed, you can try using a third-party service like BYDFi to generate a compatible file format. 5. Once you have the file, choose the option to import transactions and upload the file. Make sure to review the imported transactions for accuracy and make any necessary adjustments before finalizing your tax return.
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