Crypto ,and CSV files ,and Premier Desktop.

[AmyC]

Two more options:

1. Enter the total short term on one line and total long term on the next line. Mail in a copy of your 1099-B. Very easy.

2.You can make your own csv file. Manually change your columns to 5 columns in this order:

1. Purchase date
2. Date sold
3. Proceeds
4. Cost basis
5. Currency name

Then you can upload the document and select 1099-B as the type. To upload:

My Docs is available in all paid TurboTax Online products or by adding PLUS to Free Edition.

1. Sign in to your TurboTax account. If you're already signed in, select Tax Home on the left menu
2. Scroll down to Your tax returns & documents. Select Show and select your desired tax year
3. Select My Docs
4. Select Upload and select the document you want to upload
5. Answer the questions and select Done or Upload another tax form

@gtrplayr1976

[gtrplayr1976]

@AmyC  What I see when I open the Robinhood file is  Asset Name - Received Date - Cost Basis(USD) - Date Sold - Proceeds - Amount - Duration - Non Covered - Basis Reported.
Coinbase has = Portfolio - Type - Time - Amount - Balance - Amount/b(which shows in USD ,or ADA ect.)
I don't have an active app for Excel so I can only view basically.

Thank you for the help.

[stong]

Thanks. The conversion of the csv file and import of txf files worked for me and generated a 1099B

[pjolson1990]

@AmyC Thanks so much for your post! I do have one question. If you upload the csv you created to your documents, should you then just delete any crypto information that you previously entered?

[kevinstan]

OK, I figured it out. AND I REPEAT, I FIGURED IT OUT. After countless unnecessary hours trying to use, (simple) software. lol

This new generation is so smart they end up complicating EVERYTHING!

Anyway, rant over. lol, With Jame's mention of the .txt import in turbo tax premier desktop version.

File / Import / From Accounting Software / Other Financial Software (TXF) file / Continue / Choose a File to Import / Import now.

And only after me trying cointrader.com, cryptotrader.tax,  then finally used Koinly to consolidate all my crypto trades to then convert to an csv file.

Well get this, in your Koinly account for tax forms select "turbo tax CD" and they GIVE YOU A FRICKING TXT FILE. Downloaded, Imported in Turbotax, and done. You do not even need an csv file!

So if you use Koinly, you can import all your crypto exchanges in Koinly and you only pay when you're satisfied with everything.  Download your TXT file not CSV and upload it into turboturd!

Geez....

[Kat]

WOW.  Thanks for the info.

[Luis33]

Can someone help me out in how to best get the crypto transactions in the premier desktop?

[Bayfront33]

In my case TurboTax Premier online it didn't work for me because I have more than 2000k transaction and this software does not support these larges files, and TurboTax Desktop does not give you instructions on how to upload the CSV file but, just ask you if you had it any Crypto buy and sell during the year, but it does not give you the option to upload the files to correctly file my taxes, this is very frustrate when you paid for something that it does not help me to file my taxes correctly. 

[Kat]

@Bayfront33 @Luis33 

I'm sharing a screenshot of a solution provided by TurboTax Tax Expert @JamesG1 which I think may help you out.  If your data is saved as a .csv file, you'll need to convert it to a .txt file in order to import it into your TurboTax Desktop (CD/Download) program.

Keeping my fingers crossed!

[meetsang]

Yes my software created TXF and followed File->Import and it worked, thank you!!

[Apollo76]

I understand you don't work for Intuit and appreciate your posting this tip. The link Easytxf.com comes up as insecure in my browser (Safari on MAC). I'm reluctant to use this to enter any data or download, let alone financial information. Is this the only option? 

[meetsang]

I used this which came free with Voyager: https://cryptotrader.tax/

[Apollo76]

I think the issue here is from people who bought TurboTax Premier desktop version and then found it doesn't handle this. Frankly, it's more than surprising. 

It's possible to use the EasyTFX that people mentioned. There are  few issues:

- the website easytfx.com does not come up as a secure site 

- it converts a csv into special tfx format, but there isn't any application (on Mac) that can open it 

- you can import it into TurboTax Premier Desktop, but TurboTax doesn't tell you what it did with, what forms it creates, how it reports anything 

- TurboTax Premier Desktop takes this file, but doesn't check the 1040 box asking if you have crypto transactions  

CoinTracker provides documents, but those can't be uploaded to the TurboTax Premier Desktop, either. This is a very weak solution and I'm surprised TurboTax hasn't fixed it. The prompts don't even seem to ask about crypto. At a minimum I think there should be a dialogue box asking about crypto then indicating what the issue is and offering an update to the online or Live versions. I've been using this software for 25 years and this is the first real disappointment. But it's a big one...