If you want to import the file into TurboTax, you will want to use the TurboTax downloaded software. Due note, that the import is limited to the first 500 lines
Follow the steps below to import your cryptocurrency transactions:
- Click on the Personal Income Tab
- Scroll down to the Investment Income and choose Start next to Stocks, Mutual Funds. Bonds, Other
- Click Yes when asked “Did you sell Any Investments in 2017?”
- You will then have the option to Import from a TXF file.
If you would prefer to use TurboTax online, then you will want to enter the summary information from the form and mail in the statement manually. TurboTax walk you through the process to mail the correct forms.
