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I need to amend my 2021 return in the capital gains area

I use the Windows PC Desktop version of TurboTax Premier and filed my 2021 taxes in April but it was the first time I had reported cryptocurrency transactions and I messed it up big time. I failed to report some transactions, may have double reported others, and had some sales where the basis was zero, wrongly inflating my gains. I imported a .txf file from Cointracker for the crypto information.

At some point, I'll file an amended return, but first I want to generate an accurate return so my CPA and I can examine it. I want to remove all the crypto transactions I used in April and then add a new .txf file which I've generated from Cointracker. (I've updated my information in Cointracker so this file should be right.)

I started by opening my 2021 return as filed and making an experimental copy. I have many pages of Form 8949 which detail the crypto transactions and I have crypto transactions shown on Schedule D, information in Qual Div/Cap Gn, Form 1099-B Wks, Cap Asset Sales Worksheets, and who knows where else?

What is the best way to remove the old crypto information and import a new .txf file?  Thanks in advance.

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2 Replies

I need to amend my 2021 return in the capital gains area

If you have no other capital gain transactions besides your crypto transactions, you can delete your Form 1099-B worksheets.

  1. Tap Forms in the top right
  2. Find Form 1099-B Wks (Cointracker) in the left column
  3. Tap Delete Form at the bottom of the screen
  4. Tap Step-by-Step in the top right (where Forms used to be)
  5. Select File in the top left, then Save As
  6. Give the file a new name
  7. Import your new .txf file

I need to amend my 2021 return in the capital gains area

I DO have other capital gains transactions, but I will try your method and see what happens.  Thanks for your response.  

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