If I got Federal -> Wages & Income -> Your Income -> Investments and Savings, then I can "Add Investments".
If I click "Connect", then I can type "Crypto CSV Upload" and I can choose it. However, when I choose it, the file format only takes .pdf, .jpg, .jpeg, or .png...
I'm a bit confused, how do I upload a Crypto CSV file.
You'll need to sign in or create an account to connect with an expert.
Perhaps all of the cryptocurrency upload software is not yet operational.
The TurboTax Help How do I upload a CSV file of my crypto transactions? states:
In TurboTax Premium Online, if I select Enter a different way, I do not receive the Cryptocurrency prompt. Nor do I receive a prompt for CSV file.
This tax year introduces a new IRS tax form 1099-DA Digital Asset Proceeds From Broker Transactions.
IRS Form 1099-DA will be used by brokers to report proceeds from (and in some cases, basis for) digital asset dispositions to you and the IRS.
I have a similar issue. Last year my crypto tax software was able to generate a turbotax import file. Due to the change to wallet based reporting and turbo tax they are not offering that this year. I get a zip file with a completed Schedule D pdf and individual 8949 pdfs for each of my wallets. I not sure how to import all of these. I do not want to manually enter all of my transactions or inport a bunch of transactions that I already categorized in my crypto tax software. Is turbotax going to release any updates to make this easier?
For each completed Form 8949 with details, enter a "summary" of that Form.
TurboTax will generate your Schedule D for e-File.
you will be instructed to mail paper copies of the detail Forms 8949 to the IRS
OR, to attach the PDF copies when you e-File.
.
thank you for that advice. Do you think turbotax will add any feature to make it more seamless? I have 9 wallets that coinledger.io generated a form 8949. One of them is coinbase which i expect to get a 1099-DA with an incorrect basis. The other ones will not have a 1099-DA. thanks
If you get a ready-to-go Form 8949 with any Box G - L marked, that is your 1099-DA.
If the basis is wrong, enter the details yourself for that one, and discard the incorrect PDF.
TurboTax doesn't make any of this easy.
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