Turbotax premiere and Crypto filing

[JohnB5677]

If you're using the TurboTax CD\Download version and need to import your cryptocurrency:

You can 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.  

1. Go to Wages & Income

2. Scroll to Investments and Savings (1099-B, 1099-INT, 1099-DIV, Crypto)

3. Continue interview to Let's import your tax info

4. Continue the process

5. then save the .tax file (not PDF).  

You can then open the tax file in the 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

[aviolette]

The fact is, the handling of Crypto Currency transactions is only available in the online versions of TurboTax 2022.

Unfortunately TurboTax simply claims that it handles entry of these transactions, this miscommunication is costing a lot of TurboTax users a lot of time, effort and frustration.

I started with the desktop Deluxe version, under advice of a support agent I upgraded to TurboTax Premier ($35,) only to find it still wasn't there.

Now I find that you need to do it in the online version so you can extract the return and import it to the desktop version.

I think Intuit needs to do better than this!

Regards, Allen