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How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

I don't see a manual upload option for self-employed income from crypto mining. I'm trying to add >10k transactions, so using the manual data entry option is not possible. No 1099-K or other tax documents, as this is a relatively new cryptocurrency and I'm mining directly on chain (not through a pool). Anyone know how to upload these *mining* transactions?
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KrisD15
Expert Alumni

How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

There is an upload for investments, but not for earned income. 

Can you compute a total and enter as just one amount? 

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4 Replies
KrisD15
Expert Alumni

How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

Mining is Self-Employment income, so you don't need to upload anything, just enter the income as business income on Schedule C. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

Thanks but I'm trying to add more than 10,000 mining transactions, so using the manual data entry option is not possible. I would like to understand how to upload mining transactions that constitute income. 

KrisD15
Expert Alumni

How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

There is an upload for investments, but not for earned income. 

Can you compute a total and enter as just one amount? 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I import cryptocurrency mining transactions? TokenTax's CSV is formatted correctly, but TurboTax is only showing investment income (1099-B) and no mining income.

I guess that will have to do. 

This should be a product feature. Folks who proactively report their own cryptocurrency capital gains go to great lengths to organize and report every transaction. Each token mined is done so at a different float price, and an annual figure doesn't take in to consideration quarterly payments, etc.

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