Yes, Turbotax should groups all the cryptocurrency transactions into one line for short term and one line for long term gains. This is acceptable to the IRS. Cryptocurrency sold, exchanged, spent or converted, is treated as a sale of a property. Like property sales or the sale of stock, any gain or loss from the sale or trade of cryptocurrency is reported as a capital gain or loss. If you buy and sell it within 12 months, it’s treated as a short-term capital gain. If you hold it for over 12 months, it’s taxed at the lower, long-term, capital gain rates.
@TomH17
