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Level 2
posted Feb 16, 2023 7:46:12 PM

In Turbotax Business (desktop) how do I upload a .csv file for crypto transactions?

In Turbotax Business (desktop) how do I upload a .csv file for crypto transactions?

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4 Replies
Intuit Alumni
Feb 17, 2023 9:15:14 AM

For instructions on how to import .csv files, please follow the instructions in the TurboTax FAQ below:

How do I upload a CSV file of my crypto transactions?

Level 2
Feb 17, 2023 10:09:23 AM

Sorry, but that does not apply to Turbo Tax Business windows edition.  As far as I can tell, this edition has no way of uploading any kind of financial transactions.  Seems like it is a bit behind the times.  TurboTax Please move this to an online version. 

 

MY SOLUTION:

What I am doing is I have a crypto service  (koinly)  generate the Sched D and form 8949 for me (that is all it generates). 

  • then in TurboTax Business, I create a new Capital Gain for no financial institution. This allows me to enter transactions for Part I  Box C  and Box F on Sched D.  I need to use Box C and F because I got no 1099.  This is required since crypto exchanges and metamask won't send you a 1099.
  • I then enter two transactions one for short term and the other for long term transactions (make sure for short term your date range is less than 1 year, and long term more than 1 year) using the total proceeds and basis from the Sched D form that I got from the crypto service for the short term Box C and long term Box F.  
  • Now I print my Turbo Tax Business return and simply add the pages for form 8949 from the crypto service that I used to generate my crypto profit/loss and I am done. 

Note: this is just what I did. Let me know if there is a better way.

Intuit Alumni
Feb 17, 2023 11:22:36 AM

You are correct the business will not allow it to import. 

 

I am glad to hear you found a way to get this completed. I read over your way, and it does look like a great solution. 

Level 3
Mar 1, 2024 7:52:50 AM

To add to this discussion, Turbo Tax BUSINESS DEV TEAM needs to get off their lazy butts and create a CSV import module.  Get out of the breakroom, stop playing video games on company time and do your job!

And, not just an ONLINE version either, as we ONLY BUY the CD/DVD version each year.


It is MADDENING that we pay MORE for TT BUSINESS and GET LESS.  All because we have a trust account and years ago, TurboTax split that off into the Business product.  So, this situation is already grossly unfair.  Pure greed on Intuit's part, but the fact that TT Deluxe has a CSV import module, and TurboTax Business DOES NOT AND NEVER HAS SUPPORTED CSV FILE IMPORTING is simply unacceptable now.