I wish to file cryptocurrency taxes this year. Do I need to buy the desktop/downloadable version of Premier edition to upload the cap gains report from cointrackinginfo?

No, you can use TurboTax Online products to report the capitals gains on the sell of crytocurrency.

Here is how to enter:

Income and Expenses

Scroll to Investment Income 

Click show more

Select Stocks, Mutual Funds, Bonds, Other

Did you sell any investments in 2017? click "yes"

Did you get a 1099-B or a brokerage statement for these sales? click "no"

Choose the type of investment you sold, check "everything else" and "continue" 

Describe as cryptocurrency, add profits and date of sale

For more information:  Taxes on Cryptocurrency

Thanks, but I was trying to import the TXF file from Cointrackinginfo and there does not  seem to be an option of uploading that online. Is it only present in downloadable version?

You can still use TurboTax On-line,but you must be in the Premier version. All versions of the desktop programs support the import.

Thanks!

I am using the Premier 2019 desktop version to file my 2019 taxes. But I don't see where I can enter my cryptocurrency transactions? The video and instructions here are for online version only!

The premier  version does support schedule D. I opened up my premier. Here is the investment income under Wages and Income.

Screen, Did you sell any investments? Select YES, I sold investments.

Did you get a 1099-B or a brokerage statement for these sales? click no

Choose the type of investment you sold, select everything else and continue

Describe as cryptocurrency, add net proceeds and date of sale

@merwynp85

Turbotax partnered with Coinbase, but I don't know who else.

Only the ONLINE version allows crypto transaction import.

Of course you can always add each transaction manually.

If you can obtain a form 8949 or similar document (i.e spreadsheet) that can be printed, you can summarize and use the mail-in election.

do we enter the bitcoin transactions the same way for tax year 2020? thanks

Yes -- Please see this TurboTax Help article for details in reporting cryptocurrency:  How do I report Bitcoin or other cryptocurrency as a capital gain?

@6760stan

do you know where i can enter a negative # on form 1040 line 10a where it says from schedule 1, line 22?

thanks

@6760stan These are Adjustments to Income, which are shown as positive numbers, although they are Deductions from Income.   (screenshot).

If you can give more information, we will try to help you.