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hjmaltais
New Member

the question ask was cryto transferred between exchanges or wallets. What are exchanges and wallets

I have a cvs file but unsure what information to take
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1 Reply
DawnC
Employee Tax Expert

the question ask was cryto transferred between exchanges or wallets. What are exchanges and wallets

You can keep your crypto assets in a wallet and exchanges are places you can buy and trade crypto.  If you did not move or exchange assets between exchanges/wallets, you can answer NO there.   

 

 Intelligent Tax Optimization (ITO) is a crypto aggregator within the TurboTax application.  It helps make cryptocurrency tax filing easier.   ITO is able to:

 

  • Connect to exchanges and wallets, and import transactions and tax forms
  • Identify taxable transactions
  • Calculate the cost basis values for transactions
  • Make remediation (filling any information gaps) easier

 

This guide has everything you need to know!

 

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