How do I download my cryptocurrency tax file from Zenledger?

[Cass0317]

Coinbase no longer supports a direct import of a CSV file into TurboTax from their site which has resulted in an error message for some users. Instead, Coinbase is relying on a 3rd party, CoinTracker, as an option to calculate your cryptocurrency gains and losses and to access your CSV file. 
For more information, including a link to CoinTracker, please see this TurboTax Help Article: How do I get a CSV File from Coinbase? 

[cenyaw]

How do I download my cryptocurrency tax file from Zenledger

UTILIZING PREMIER DESKTOP Turbotax 2020 ? ? ?

[Cynthiad66]

There is no download available for desktop.  However, 

In TurboTax Desktop, to enter cryptocurrency that must be reported as an investment:

Option 1: Step By Step

• From the Personal Tab>Personal Income
• Select I'll choose what I work on
• Scroll to Investment income and click Stocks, Mutual Funds, Bonds, Other click Start
• Click Add an account
• Did you get a 1099-B or a brokerage statement from these sales? Click No
• Choose the type of investment you sold Select Everything Else and click Continue
• Enter the details of your transactions

Option 2: From Forms Mode

• Click on the Forms toggle in the upper corner>
• Click Open Forms>in the search box, type cryptocurrency>
• Click on Cryptocurrency Worksheet> click Open Form
• Enter the details of your transactions

For a large number of transactions, enter it in summary form on Form 8949, one total for short-term and one total for long-term. Mail in the pages along with Form 8453 with the Form 8949 box checked.

For short-term transactions, Box C checked on Form 8949 for not being reported to you on Form 1099-B

For long-term transactions, Box F will be checked on Form 8949 for not being reported to you on Form 1099-B

Form 8453 can be found in Open Forms and printed to include with the hard copy details of your transactions.

Per@KathrynG3

[gdradke]

ZenLedger is a separate 3rd party software. Their help services can answer your question about downloading their reports on your cryptocurrency ownership and trades. 

[KathrynG3]

@gdradke is correct. As mentioned earlier in the thread, for the extension of the upload, for TurboTax Online, use .CSV, and for TurboTax CD/Download, use .TXF. 

Before uploading, it is best to re-sort the columns to match TurboTax.  From left to right, title your columns: 

• Service name (examples: Coinbase)
• Asset name (examples: Bitcoin, Ethereum)
• Date of purchase
• Cost basis
• Date of sale
• Sale proceeds

For more information, see: Uploading Cryptocurrency in TurboTax Using Aggregator Services.

@cenyaw

[iskayn]

I am ready to import my .txf file from Zenledger for my Cryptocurrency transactions. I have the desktop (CD) version of Turbo Tax with an upgrade to Premier via online.  I don't see the "cryptocurrency" sections that Premier is supposed to have.  It was my understanding that Premier provided this, which is why I upgraded.  Where do  I find the cryptocurrency section that I thought I was paying for with the upgrade? and how do I import this .txf file for form 8949?

[JamesG1]

In TurboTax Desktop, follow these steps to import a .txt file.  

• File / Import / From Accounting Software / Other Financial Software (TXF) file /  Continue / Choose a File to Import / Import now.
• A 1099-B with all crypto transactions is now created.   This entry can now be edited to include the account details.  Each transaction can be edited as well.
• View the transactions under Federal Taxes / Wages & Income / I'll choose what I work on.
• Scroll down to Stock, mutual funds, bonds, other.  Click Start / Update to the right.