TurboTax ONLINE does support the import of approx 15 different data files from the various crypto exchanges including PayPal. However, the desktop version (I'm using Home & Business 2022) does NOT have this support and at this point they should be torched for the missing functionality.
After getting VERY, VERY angry I decided I would attempt a workaround. rather than keying in each transaction manually, which I have been able to accomplish and wanted to share.
In order to do it, I needed a copy of Microsoft Excel (rather than editing the file by hand) and use of the EasyTXF Website to produce a .txf file which can be imported into TurboTax via the File/Import main menu item.
Load the PayPal Gains and Losses Statement .csv file into Excel, drop the last 3 columns (Gain(or Loss), Gain/Loss & Tax Year) and re-arrange the order of the remaining six columns as follows:
Property Symbol, Property Quantity, Date Acquired, Cost Basis, Date Sold, Proceeds
and save.
Then find the EasyTXF website (FREE donation based online tool) to translate the file into download.txf (the default) and then import into TurboxTax from the main menu as stated above (Open your return, use main menu File, option Import, Other Financial Software....) and you will be all set.
Intuit - I want my money back!! You are suppossed to be the best....things like this show me you are not across all platforms. I don't want to do my taxes online, that's why I bought the download/cd version.
