Investors & landlords
One option is to start a free tax return in TurboTax Premier Online. You do not pay for the return until you file it, so you won't have to pay a fee for the Online version. Enter (import) your cryptocurrency information in the Crypto section, and then open the TurboTax Premier Online with TurboTax CD/Download Desktop.
See here.
Then you add the rest of your tax data and file.
Does your provider generate a .csv file for your use? Another option to consider is to upload cryptocurrency information into TurboTax CD/Download Premier Desktop.
A .csv file can be converted to a .txf file using a utility such as Easytxf. Then import the .txf file into TurboTax CD/Download Premium Desktop.
- Use Easytxf to convert the .csv file into .txf file.
- Import .txf file into Turbotax Desktop: File / Import / From Accounting Software / Other Financial Software (TXF) file / Continue / Choose a File to Import / Import now.
- A 1099-B with all Cryptocurrency transactions is now created. This entry can now be edited to include the account details. Each transaction can be edited as well.
