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New Member
posted Feb 16, 2022 9:56:07 AM

CRYPTO SECTION NEEDS REVIEW

STUCK

4 31 5659
24 Replies
Expert Alumni
Feb 16, 2022 12:23:35 PM

Please clarify your concern.

 

  • What are you stuck on?
  • Can you identify the crypto section that needs review?
  • Are there any error messages that you see?
  • Did you run the Federal Review?  This may detect a specific problem you didn't recognize.

Level 2
Feb 16, 2022 9:22:54 PM

I have a similar issue:

I imported a crypto 1099 from a csv file from Robinhood

Needs Review shows items need updating

I update them but they dont clear

 

Intuit Alumni
Feb 19, 2022 6:16:53 PM

@MZhun Are you using Turbo Tax Desktop or Turbo Tax Online?

Level 1
Feb 20, 2022 7:52:54 AM

I am having the same issue. I entered my crypto totals manually, as I have too many transaction for the csv file method. But when I go to file, it says that I need to review that section, but there is an endless loop of wanting me to review some thing which is already correct. The software is broken, is there any fix to it? 

Intuit Alumni
Feb 20, 2022 10:20:34 AM

This is a known issue we are working to resolve. You can sign up for progress updates regarding this issue in the below TurboTax help article. 

Why am I stuck in a loop in the Investment Income section when I choose "Walk me through everything?...

@meanhorn

 

New Member
Feb 24, 2022 10:03:12 PM

Yeah for real, last year it was fine, this year i got 350 "Needs Review" I am about ready to just go under the raidar with my crypto this is insanity. 

New Member
Feb 26, 2022 7:04:27 PM

1000% insanity. "Please review every crypto investment you made last year". I will, TurboTax, if you review every grocery item on your grocery receipts from last year. It'll take us both roughly the same time....

New Member
Feb 26, 2022 7:08:45 PM

@MichelleLO  Replying bc this crypto review issue is still an issue and unresolved when attempting to file Federal taxes.

02/26/2022

Level 2
Mar 1, 2022 9:22:02 AM

Yup, STILL not fixed. Come on, Intuit programmers, it's not THAT hard to fix... Sigh.

Level 1
Mar 2, 2022 1:27:48 PM

I am also going through these issues; I requested help but did not receive support. Info on how to not review all my crypto? 305 to review. 

Expert Alumni
Mar 3, 2022 2:10:55 PM

Another option. The IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any transactions that were investment related.

If you want to do this outside of the program and then enter only two lines,

  • the total short term and the
  • total long term transactions that do qualify, that is an option. 

If you do the summary, you can just mail a copy of your 1099B forms to the IRS. The program will give you instructions. The IRS expects every investor to have a spreadsheet. This is an example they used summer 2021,

 

@JJanvier

@noneofyourbusiness12

@sad6

Level 2
Mar 7, 2022 8:35:45 AM

This is EXACTLY the information the CSV form contains that I am importing into Turbotax (cost basis and everything). I should not have to enter this again manually 400+ times!!! This is a programming error, a bug. But meanwhile, I have found a better solution --- I filed my taxes with TaxAct. Less "guidance" by annoying algorithms, but way fewer bugs. After 3 years of an increasing amount of bugs, it's bye bye, Turbotax. 

New Member
Mar 7, 2022 10:16:02 AM

Okay so I understand that I could possibly go back and change the csv file to make it work with your software, the problem is your software. When people have more than 300 items to go through and we are forced to do each transaction one by one and each one takes forever to load cause your servers are trash. 

 

How about you just fix the input method to allow more than one transaction? I mean that is what a true company who cares about its members would do. 

Level 1
Mar 10, 2022 8:40:21 AM

That is not a customer oriented solution. That puts the burden on the customer to fix a TurboTax issue. I should not be paying $100+ to have to do that.

New Member
Mar 24, 2022 7:16:12 AM

That's what I'm getting as well.

First year with crypto and I have to review about 200 entries that are only worth 0.0001 penny.

One line at a time.

 

This doesn't make sense for tax on a couple of pennies.

New Member
May 16, 2022 7:51:14 PM

It’s been 5

months and still no resolution. What is the point of intuit exactly?

Level 2
Jan 20, 2023 1:04:02 PM

Its Jan 20th, 2023, and I am getting this same issue on my 2022 taxes for turbotax online. I imported the transactions from Coinbase.

Expert Alumni
Jan 20, 2023 1:46:10 PM

Assuming you have no adjustment to make, go to the last screen in the Investment Section, and click Continue or Done which should clear the "Needs Review" flags.  

 

@r7m6biz

Level 2
Jan 21, 2023 6:38:52 AM

Thanks for the quick response. Nothing needs reviewing (I tried via filter and also went to every page to be sure) so I went to the last page and clicked Continue. The next option was Confirm so I clicked that and it takes me back to a summary of items but my crypto info has not been updated and when I go back to the Investments and Savings section, it still says "You haven't reviewed your crypto transactions yet."

Level 2
Jan 21, 2023 3:36:29 PM

Just as info to anyone else who has this issue, I was able to continue even though it continually had the "needs review" message showing every time I went back to the income section. It seemed like it was going to let me submit the return, but I ultimately ended up importing to the desktop version that I had already bought. The desktop version had a similar message about the crypto needing review but it cleared once I went into that section. I was able to submit my return with no issues. Thanks!

Intuit Alumni
Jan 23, 2023 11:40:17 AM

Thank you for the update! We are glad you were able to submit your return. 

@r7m6biz

 

New Member
Feb 4, 2023 1:48:51 PM

Its needs review but it only says the fiat currency needs reviewed but reviewing it does nothing to get rid of it.

Expert Alumni
Feb 5, 2023 6:01:02 AM

After uploading a .csv file of cryptocurrency transactions, the mandatory Review message that I have seen is to answer the question How did you receive this investment?

 

Are you seeing that Review message?  Please clarify.

 

@641e18b8a87e 

 

New Member
Feb 18, 2023 5:59:32 PM

Tried this and did not work, when can we expect a fix?