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Level 2
posted Jan 15, 2025 11:34:18 AM

For over 500 Crypto transactions is there a way to simply enter the total purchase price and total sale price?

I kept track of each trade on Excel, coins that were traded were all different for the most part. Im looking for an easy way to file the trades, ie: Profit/Loss

0 3 2032
3 Replies
Expert Alumni
Jan 17, 2025 9:47:17 AM

You can total all of your short term gains and losses on one line. Then do that for your long term. You can file short term and long term as two separate entries and then send a copy of your spreadsheet to the IRS with an 8453. How do I mail Form 8453?

You could also do a csv file that can be imported into the desktop software. See How do I upload a CSV file of my crypto transactions?

Level 2
Jan 17, 2025 9:51:43 AM

Thank you. I have transactions on Excel. What would be best way to attach or print and send? Should I keep it as an exel file? 

Expert Alumni
Jan 20, 2025 11:19:08 AM

You can convert your excel file to csv using the instructions that @AmyC has included above.  

 

You can also tell the program that you are going to submit the transactions as an attachment and then when you have finished filing the system will generate a form for you as well as instructions for mailing in your spreadsheet.

 

You may want to wait until you have received the 1099-B for your transactions before finalizing your return.  Most crypto transactions are required to be reported to you and the IRS on that form now so you should make sure that it matches your spreadsheet as well as being able to submit the 1099-B to the IRS with the 8453 instead of your spreadsheet.  

 

@rebateme