TurboTax 2021 Premier Desktop version - where's Crypto support?

Forum|Forum|4 years ago
February 14, 2022
1 reply
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I usually buy TurboTax Deluxe (CD/Desktop) but I bought the Premier version this year, because I started trading crypto in 2021. I thought TurboTax Deluxe supports crypto investments and importing transactions from Coinbase, etc., but I don't see that anywhere. Even after I answer Yes to the question whether I had been trading in virtual currency, TT doesn't ask me for any info on my trades.

Does TurboTax Premier 2021 (Desktop/CD) not support crypto investments? If not, how can I downgrade to Deluxe and get a refund on the difference in price? Thank you.

Best answer by PatriciaV

No, only the TurboTax Online Premier and Self-employed versions allow you to import cryptocurrency.

One option is to start a free tax return in TurboTax Premier Online. You don't pay for the return until you file it, so you won't have to pay the Online fee. Enter (import) your cryptocurrency information in the Crypto section, and then save the .tax file (not PDF). You can then open the tax file in TurboTax desktop, add the rest of your tax data and file.

How do I save my TurboTax Online return as a tax data file? This FAQ will also have instructions on how to continue your return in the TurboTax CD\Download version.
How do I import from the .txf file?

The other option would be to file using the Online software and get a refund for the desktop program using this link: How do I request a refund for my TurboTax product?.

ralph99

Level 2

Did you get an answer to this question?

si29xnmAuthor

Level 3

No.

PatriciaVAnswer

Level 15

No, only the TurboTax Online Premier and Self-employed versions allow you to import cryptocurrency.

How do I save my TurboTax Online return as a tax data file? This FAQ will also have instructions on how to continue your return in the TurboTax CD\Download version.
How do I import from the .txf file?

The other option would be to file using the Online software and get a refund for the desktop program using this link: How do I request a refund for my TurboTax product?.

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