1099-DA

[soulwinner10]

One of my platforms (crypto.com) issued my 1099-DA. I noticed that two small dust transactions are missing (they total 0.057) and probably because it is so small and wouldn't make a significant difference in the proceeds or gain/loss. I also noticed that five of my crypto-crypto transaction proceeds are different than what I have in my csv file ( 0.51 difference), which is where I do my own record keeping from and input on my own 8949 form. 

I reached out to crypto.com, but they told me that I should consult with my tax professional and that was it.  Then, I asked them to review my account and explain the small discrepancies and if necessary to issue me a corrected 1099-DA. So far, they have not responded and probably will not. Now, when I cross reference my accounting with theirs it is really only a .07 difference in proceeds. They do not include cost basis so I have to enter those in manually anyway.

Do I upload the 1099-DA into TT and add in the two small dust transactions and adjust the proceeds. I am concerned because if I make any adjustments the IRS may flag my account because it doesn't match the 1099-DA exactly. What should be done in this case? Thank You. 

[MelindaS1]

You can upload the 1099-DA into TurboTax and then add the missing transactions manually. The IRS requires tax reporting of all income sources, whether they were reported on a 1099/W-2, or not. Adding more in gross income than what they've received on their matching copies, shouldn't trigger an automated underreporter notice. FAQ instructions to enter 1099-DA transactions for your TurboTax platform:

TurboTax Online

1. Go to the investment income screen under Wages & Income.
2. On the Did you have investment income in 2025? screen, select Yes.
   • Select + Add investments if you've already added some investment info.
3. On the Let's import your tax info screen, select Enter a different way, Cryptocurrency, and then Continue.
4. Follow the instructions to upload your crypto info.

TurboTax Desktop

Entering your crypto CSV is only available in TurboTax Desktop Premier and TurboTax Desktop Home & Business. You can import it directly, upload a gain/loss PDF, or upload a CSV of transactions.

1. Select File.
2. Select Import.
3. Select Upload crypto sales.
4. Follow the instructions to upload your crypto info.

After uploading, you can follow these same steps, but instead of selecting Upload on the last step, select the option at the bottom, Type it in myself. 

Learn more: IRS - Digital assets

[minifleesd]

The FAQ link you pointed to says "Note: CSV uploads for crypto are temporarily unavailable."

[DianeW777]

Yes, currently the import may not be available.  A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered. See holding periods below.

You can always use direct entry if you choose, with summary totals.  The only exception if wash sales, which must be entered separately, if you have any.

• How do I mail Form 8453? (review if alerted)

Your IRS form 1099-DA reports gross proceeds, the digital asset, the number of units and the number of transactions.

1. Select Wages & Income.
2. Scroll to Investments and Savings.
3. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) >  Add investments.
4. On the Save time and connect your financial accounts screen, select Enter a different way > Select Type it in myself, then Continue.
5. OK, let's start with one investment type, select Digital Assets > Click Continue.
6. On the screen Which bank or brokerage is on your 1099-DA, enter the information > Continue.
7. On the screen Did you get a 1099-DA from XXX?, select Yes.  Click Continue.
8. Answer the questions at the screen Tell us about the sales on your 1099-DA

Any digital currency you purchase becomes income at the time you redeem or sell the digital currency and must be reported .

• Cryptocurrency Guide (digital currency)

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

@minifleesd 

[soulwinner10]

Hello, I am know how to import the 1099-DA and yes TT does except them. Well, I did not upload the 1099-DA and I just reported everything manually. I began manual import last month and received the 1099-DA later. There is a .08 over reporting on their end. So, this goes back to my original question? Do I report the proceeds on my 1099DA or use my csv file? If I use my csv file it under reports proceeds by $0.08. Will this be an issue?

Thank You.