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Level 2
posted Apr 6, 2021 7:56:40 PM

Enter Crypto trades from Coinbase in TurboTax Premium

Hi, I just paid $30 extra to upgrade to TurboTax Premium from Deluxe so I could enter cryptocurrency trades however I don't see any new options for that in turbotax now that I'm upgraded.

 

Coinbase recommends this version (https://turbotax.intuit.com/lp/aff/coinbase/?priorityCode=[phone number removed]&cid=all_coinbase_af...) and turbotax as well (https://blog.turbotax.intuit.com/turbotax-news/turbotax-makes-it-easier-for-coinbase-customers-to-re[product key removed]ocurrency-transactions-42740/)

 

Could someone tell me where I could find the correct place to import those trades? 

Thank you!

0 9 2405
1 Best answer
Level 7
Apr 8, 2021 8:56:13 PM

Hi @unhappyuser1 

 

We're glad that you received your refund! However, we want to help you out any way that we can. Were you able to report your cryptocurrencies? Maybe this thread will help you find what you've been looking for.

 

Link: https://ttlc.intuit.com/community/taxes/discussion/how-to-enter-cryptocurrency-on-the-downloaded-version/00/1155922

 

 

9 Replies
Level 15
Apr 6, 2021 9:04:06 PM

Don't confuse TurboTax program and TurboTax Online.

So which one are you using ?

Level 2
Apr 6, 2021 9:46:26 PM

Like I said, I'm using TurboTax Premier (that's what both the articles I linked recommended) otherwise I would not have upgraded. I'm using it on Windows.

Level 2
Apr 8, 2021 7:14:47 PM

Final Result:

Even though this blog post says TurboTax Premier supports cryptocurrencies: https://blog.turbotax.intuit.com/turbotax-news/turbotax-makes-it-easier-for-coinbase-customers-to-re[product key removed]ocurrency-transactions-42740/

 

It is only actually supported in TurboTax Premier online (not on the desktop version which is what I have). If only they could've mentioned that in the blog post, I could've saved $30 :(

 

However, this post: https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991 showed me how to contact TurboTax and speak with an agent so I was able to get a refund... at least. 

 

Level 7
Apr 8, 2021 8:56:13 PM

Hi @unhappyuser1 

 

We're glad that you received your refund! However, we want to help you out any way that we can. Were you able to report your cryptocurrencies? Maybe this thread will help you find what you've been looking for.

 

Link: https://ttlc.intuit.com/community/taxes/discussion/how-to-enter-cryptocurrency-on-the-downloaded-version/00/1155922

 

 

Level 2
Apr 9, 2021 6:48:49 PM

Thank you!

The link you shared answered my original question of how I could enter crypto trades in the desktop version. 

Level 7
Apr 12, 2021 11:14:37 AM

Wonderful 🙂 Glad I could be of help.

Level 1
May 15, 2021 9:38:30 AM

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Level 1
May 15, 2021 9:41:04 AM

Save yourself from going down a rabbit hole. Get CRYPTOTRADER.TAX ! Easy, professional, relief !!!

Level 1
May 15, 2021 9:43:08 AM

Get CRYPTOTRADER.TAX !  Save yourself from all the frustrations. Easy, professional, relief !