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Get your taxes done using TurboTax
It is still possible to enter cryptocurrency in the CD/Download version. Unless you are mining cryptocurrency and should report it as self-employed income & expenses, you have two options.
- Enter cryptocurrency transactions under Investment Income as Stocks, Mutual Funds, Bonds, Other.
- Enter cryptocurrency directly on the designated worksheet, toggle to Forms mode and follow these steps:
- Click Open Forms and enter Cryptocurrency and Open Form.
- On the Crypto Wks, enter your details.
In TurboTax Online:
For up to 50 transactions, they can be manually entered.
If you have a large volume of transactions, TurboTax Online allows for importing up to 2,000 transactions automatically for cryptocurrency. For more transactions, use a transaction aggregator. TurboTax will walk you through that process.
For more information, see: How do I report Bitcoin or other cryptocurrency as a capital gain?
ā€ˇFebruary 16, 2021
9:21 AM