Get your taxes done using TurboTax

Although TurboTax does not support importing a csv formatted file for Form 8949, here are two possible alternatives:

1. The easiest way to input this information is to sort it by summarizing the sales section totals instead of entering each trade.

To do this, separate the section totals into their respective categories, for example:

• Short-Term Covered: (Box A) Basis was reported to the IRS
• Short-Term Non-Covered: (Box B) Basis was NOT reported to the IRS
• Long-Term Covered: (Box D) Basis was reported to the IRS
• Long-Term Non-Covered: (Box E) Basis was NOT reported to the IRS

You only need to make one entry for each category that has totals. If you have all 4 categories, you make 4 entries. If you only have Long-Term and Short-Term "Covered," you only make 2 entries.

1. Click on Wages & Income
2. Select Add more income
3. Scroll down to Investments and Savings and click down arrow
4. Select Stock, Crypto...(1099-B...)
5. Select Add investments, Add a different way
6. Select Stock, Bonds, Mutual Funds (1099-B)
7. Enter brokerage information, then Continue
8. In the "Tell us about the sales..." section, answer those questions, then Continue
9. In the "Now choose how to enter your sales", select Sales section totals, Continue
10. Note: If you need to adjust the basis, click on the box below the sales section, I need to adjust my total cost basis

• If you choose to summarize, you will need to mail in a copy of Form 8453 to the IRS after you e-file so that they have documentation of your summary.

• If you are dealing with Cryptocurrency, many crypto platforms generate a specific TurboTax file that is already formatted for uploading.
   

2. Another solution is to import directly from your financial institution. If your csv came from a mjor brokerage, you can sign into your account within TurboTax to upload the file. 

1. Click on Wages & Income
2. Select Add more income
3. Scroll down to Investments and Savings and click down arrow
4. Select Stock, Crypto...(1099-B...)
5. On the next screen, you can search for your financial institution and click Import now