I have the Turbotax Premier Desktop version. I entered in all of my information for everything and then I had to upload the txf document for cryptocurrency. For some reason I cannot find where to do this on Turbotax Premier Desktop 2020, the place that it was in for 2019 version is removed. I can only enter my cryptocurrency transactions in manually for some reason.
Since I am not able to upload my txf file in desktop version, can I download my desktop information and upload that into Turbotax online so that I do not have to fill everything out all over again?
Thank you, this worked!
For future reference to people searching for this information....
Turbotax Premier Desktop 2019 I had to go to these steps to upload it. Go to Wages & Income Tab -> Investment Income Section -> Stocks, Mutual Funds, Bonds, Other -> Add More Sales -> "Did you get a 1099-B or a brokerage statement for these sales? I answered YES -> Then in this screen there was an option that said "import txf file", but this option is NOT SHOWN in Turbotax Premier Desktop version, for some reason it was moved. To do this for 2020 read below.
Turbotax Premier Desktop 2020 the above solution worked for importing from File -> Import -> From Accounting Software
No, you can't transfer your current year return from TurboTax CD\Download to TurboTax Online. To read the entire FAQ, see How do I switch from TurboTax CD/Download to TurboTax Online?
Related information: Please see the previously posted answer from one of our Champs regarding large cryptocurrency trades and .txf files. Click here.
Thank you, this worked!
For future reference to people searching for this information....
Turbotax Premier Desktop 2019 I had to go to these steps to upload it. Go to Wages & Income Tab -> Investment Income Section -> Stocks, Mutual Funds, Bonds, Other -> Add More Sales -> "Did you get a 1099-B or a brokerage statement for these sales? I answered YES -> Then in this screen there was an option that said "import txf file", but this option is NOT SHOWN in Turbotax Premier Desktop version, for some reason it was moved. To do this for 2020 read below.
Turbotax Premier Desktop 2020 the above solution worked for importing from File -> Import -> From Accounting Software