Deductions & credits

The information below was obtained from CoinTracking.  Have you tried these steps?

1. Import your crypto trades from 100+ exchanges into CoinTracking
2. We calculate your crypto gain/losses according to your desired accounting method (from 13 available)
3. Generate a tax report for the year
4. Click on “Load Report” and then select TurboTax from the options
5. If you have less than 2251 transactions (TurboTax limit), click on “Download your capital gains data” to download the file for TurboTax
6. If you have more than 2251 transactions, download the “capital gains data summarized”

How do I enter crypto in TurboTax?

You can download your capital gains data from CoinTracking and import it on TurboTax to file your crypto taxes. Here’s how:

1. Download the capital gains file and login into your TurboTax account
2. Select “Federal” in the left navigation bar and “Stocks, Cryptocurrency, Mutual Funds, Bonds, Other” at the right
3. Select “YES” on the page “Did you sell any of these investments in Year?”
4. Select “Cryptocurrency” and “Continue”
5. Select “Try another way”
6. Select “Upload it from my computer” and “Continue”
7. Select “Other” under Crypto service, add CoinTracking as “Name” and “Continue”
8. Upload your CSV file

The above information was obtained at the following link.

CoinTracking

@bep156