Yes, you are correct, the directions are for TurboTax Online which has a dedicated cryptocurrency section. In TurboTax Online, it is common to import a large number of transactions using the .CSV file format.
Yes, there is a way to import in TurboTax CD/Download, as well.
To import using TurboTax CD/Download, .TXF can be used instead. To import a .TXF, follow these steps:
- Go to File in the upper left corner in the black menu ribbon menu.
- Hover over Import and then select From Accounting Software.
- At Choose a Program To Import From, select Other Financial Software (TXF file) and Continue.
Below are a list of aggregator options if that would be useful for the future:
Using .TXF:
If the details are entered in summary form, then within three days of submitting your tax return, send Form 8453 with your cost basis details from your aggregator service. TurboTax will provide instructions.
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