What are the steps to enter my cryptocurrency transactions in Turbotax Premier?

3 answers

• Shruti KesharwaniJul 26, 2020 · 5 years ago
  Sure! Entering your cryptocurrency transactions in Turbotax Premier is a straightforward process. Here are the steps: 1. Open Turbotax Premier and navigate to the section for investment income or capital gains and losses. 2. Look for the option to add a new transaction or import your transaction history. 3. If you choose to add a new transaction, you will need to provide details such as the date of the transaction, the type of cryptocurrency, the quantity bought or sold, and the purchase or sale price. 4. If you choose to import your transaction history, you may need to connect Turbotax Premier to your cryptocurrency exchange account or upload a CSV file with your transaction data. 5. Once you have entered or imported all your cryptocurrency transactions, Turbotax Premier will calculate your gains or losses and generate the necessary tax forms. Remember to double-check your entries for accuracy and consult a tax professional if you have any specific questions or concerns.
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• Join JonJun 17, 2024 · a year ago
  No worries! I can walk you through the process of entering your cryptocurrency transactions in Turbotax Premier. Just follow these steps: 1. Open Turbotax Premier and go to the section where you report investment income or capital gains and losses. 2. Look for the option to add a new transaction or import your transaction history. 3. If you choose to add a new transaction, you'll need to provide details like the date of the transaction, the type of cryptocurrency, the quantity bought or sold, and the purchase or sale price. 4. If you prefer to import your transaction history, you might have to link your Turbotax Premier account to your cryptocurrency exchange or upload a CSV file with your transaction data. 5. After entering or importing all your cryptocurrency transactions, Turbotax Premier will calculate your gains or losses and generate the necessary tax forms. Remember to review your entries carefully and seek professional advice if you have any specific concerns.
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• Peter MikhaeilOct 31, 2022 · 3 years ago
  Entering your cryptocurrency transactions in Turbotax Premier is a breeze! Just follow these steps: 1. Open Turbotax Premier and find the section for reporting investment income or capital gains and losses. 2. Look for the option to add a new transaction or import your transaction history. 3. If you choose to add a new transaction, you'll need to provide details such as the date of the transaction, the type of cryptocurrency, the quantity bought or sold, and the purchase or sale price. 4. If you prefer to import your transaction history, you may need to connect your Turbotax Premier account to your cryptocurrency exchange or upload a CSV file with your transaction data. 5. Once you've entered or imported all your cryptocurrency transactions, Turbotax Premier will handle the calculations and generate the necessary tax forms. Remember to review your entries for accuracy and consult a tax professional if you have any specific questions or concerns.
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