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Get your taxes done using TurboTax
TurboTax does have some functionality to import a .CSV file containing cryptocurrency transactions, but I don’t know how complete it is. One issue may be that the IRS has not really released any official regulations or forms to deal with cryptocurrency, beyond some commentary and a couple of Revenue Rulings.
And regarding this specific transaction, the credit card bank should probably not be issuing a 1099 for the cash back rewards, and you can’t expect TurboTax to have a built-in procedure to deal with the incorrect tax treatment by a third-party.
cheers
January 4, 2022
11:28 AM