Get your taxes done using TurboTax

We assume when you "staked" your crypto coins you received interest in the form of new coins as a result of staking.  And yes, you would report these transactions separately in TurboTax.   We feel it is appropriate to mention (and we cannot give legal advice) that the issue of whether staking is a taxable event arguably remains unclear.  However, we also feel that it is appropriate, at least for now, to report what you received, and its value on your return.   

TurboTax supports CSV files uploaded from these cryptocurrency services.

• Bitcoin.Tax
• BitTaxer
• Coinbase
• CoinTracker
• CoinLedger
• Robinhood
• TokenTax
• ZenLedger

While CSV files are limited to the ones listed above, importing cryptocurrency transactions can be effected from more than 15 different cryptocurrency services directly into TurboTax. Here’s how.

1. Sign in to TurboTax, and open or continue your return
2. In the Wages and Income section under Investments and Savings (or Investment Income), select Start or Revisit next to Crypto (1099-B)
3. On the next screen, you may see Did you sell any of these investments in 2021? or Time to kick off your investments!, select either Yes or Okay!
4. Select Let’s import! on the We can make this faster screen
   1. If, instead, you see the Get ready to be impressed screen, select Continue
5. Select your crypto exchange from the list on the Let’s import your tax info screen or use the search bar to search for your crypto exchange
   1. Note: Imports can take up to 3 minutes to complete
6. Once selected, your crypto transactions are pulled into TurboTax
7. Review your cryptocurrency transaction info on the Your investments and savings (or Your investment sales summary) screen
   1. Note: Depending on the exchange you import from, your transactions may be labeled with Needs review. To review, open your exchange and compare the info listed with the info imported into TurboTax. When you’re done reviewing, select Continue to complete the import process