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If the upload feature is not allowing you to make revisions to fix any error messages during the review process, you will need to delete the form and try again.
To delete your 1099-DA:
To re-enter your 1099-DA:
See step 4 below of my solution which does not require you to use the Online version, will allow you to continue using a partially completed return and does not require you to mail your paper 1099-DA. It is not perfect but eliminates 80% of the effort of typing it manually.
1. Download a CSV of your 1099-DA from your crypto platform.
2. Convert the CSV to a TXF using easytxf.com. Map the following fields:
DATE ACQUIRED -> Opening Date
SALE DATE -> Close Date
DTIF CODE -> Symbol
DTIF UNITS -> Quantity
COST BASIS -> Opening Net Amount $
TERM -> Term (Optional)
3. Import the TXF into TT by going to File->Import->From Accounting Software->Other Financial Software (TXF)
4. Because the TXF file format has not been updated for the new 1099-DA, it will treat it as a 1099-B for Stock. To change it, go to View->Forms and scroll down to Cap Asset Sales worksheet under Sch D. Type the financial institution name, your acct number and TIN, and check the box for Digital asset transactions (Form 1099-DA).
5. Go to the Cap Asset Sales Entry Worksheet directly underneath. You should see all of your imported transactions but you may need to do some cleanup on each entry:
- Since there is no mapping for the Form 8949 Code you may need to change the Basis Reported to IRS from Y to N, and Holding Period from Short to Long. This will set the 8949 Box to either G or H. Note that any entries with an Acquired Date of "Various" will default to Long.
- For some reason, the Quantity did not map to the Units Sold, so for each entry I had to cut and paste the quantity from the front of the Property Description to the Units Sold (if digital) field. Finally, when I finished all of the entries for each crypto code, I pasted the DTIF code into the Name of Digital Asset fields. This updates the Property Description. Someone who understands the TXF file format better may be able to properly map the quantity and description to avoid having to do this, but in the scheme of things, it was a small amount effort compared to typing it from scratch like Intuit wants you to do.
6. Go to Form 8949 below and reconcile it with your 1099-DA PDF. If there any discrepancies go back to the worksheet and make the necessary updates.
7. When you view this investment in Step by Step view it will still refer to it as a 1099-B but what is in form 8949 is what will be filed, and it should correctly say that it is a 1099-DA.
Good luck and I hope this will be fixed in next year's version.
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