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To update or delete information you imported in TurboTax Online:
In the TurboTax CD/Download software, you can delete imported items as follows:
Cryptocurrency received as payment for goods and services is taxed as earned income:
If you earned money by providing a service or selling something, you’d have to report it as earned income (either wages or self-employment income) as if you’d been paid in cash.
Cryptocurrency sold, exchanged, spent or converted, is treated as sale of property:
Like property sales or the sale of stock, any gain or loss from the sale or trade of cryptocurrency is reported as a capital gain or loss. If you buy and sell it within 12 months, it’s treated as a short-term capital gain. If you hold it for over 12 months, it’s taxed at the lower, long-term, capital gain rates.
That doesn't work. When I click on the Edit it opens the cryptocurrency page. I dont see the transactions because I changed them to untaxable thinking they will get removed. When click on Add more and try to upload the correct file, it tells me I cant because it's exceeding the maximum number of transactions allowed. Meaning, its still have the old transactions.
Please reach out to TurboTax Customer Support as your issue would be best resolved with one-on-one support.
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