Crypto currency transactions

[fasteddie577]

Do the crypto currency transactions need to be entered individually? Or can I lump all of the same crypto coins together for total cost and basis and proceeds? Thanks

[CesarJ · Accepted solution]

When reporting cryptocurrency transactions in TurboTax, you generally need to enter each transaction individually. This is because individual transactions have unique purchase dates, cost bases, and proceeds which affect the accuracy of your tax reporting.

However, some crypto exchanges provide a Form 1099-DA, which summarizes your digital asset transactions for the year. This form reports your gross proceeds and can simplify your reporting process.

TurboTax allows you to either import your transactions directly from supported exchanges, including 1099-DA forms, or enter them manually one by one. Using detailed transaction data is usually more accurate, but the 1099-DA form helps consolidate your tax info if available.

To upload, import or enter cryptocurrency manually, follow these steps:

How do I import my crypto in TurboTax Online?

1. Go to cryptocurrency, under Income in the Federal section, select Investments and Savings, then select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA).
2. On the Did you have investment income in 2025? screen, select Yes.
   • Select +Add investments if you've already added some investment income info.
3. On the Let’s import your tax info screen, search for and select your crypto exchange.
4. Follow the onscreen instructions closely. You'll have to sign in to your exchange account to import your transactions.
   • Note: Imports can take up to 3 minutes to complete.
5. We'll ask you a few more questions before taking you to the investment overview screen. Select Review to go over the imported info and verify that it's accurate.

How do I upload a gain/loss PDF in TurboTax Online?

1. Go to the investment income screen under Income in the Federal section.
2. On the Did you have investment income in 2025? screen, select Yes.
   • Select + Add investments if you've already added some investment info.
3. On the Let's import your tax info screen, select Enter a different way.
4. On the How do you want to add your docs? screen, select Upload to upload a PDF file into TurboTax Online. You can also upload a JPG, JPEG, or PNG file.

How do I upload a TXF file in TurboTax Desktop?

To upload a TXF file with your crypto transactions, follow the instructions below: 

1. Go to Federal Taxes.
2. Go to Wages & Income.
3. If asked How do you want to enter...?, select I'll choose what I work on.
4. Under Investment Income, select Start or Update next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
5. On the Did you have investment income in 2025 screen? screen, select Yes.
   • Select + Add investments if you've already added some investment info.
6. On the Let Us Enter Your Bank and Brokerage Tax Documents screen, select Import now to upload a TXF file into TurboTax Desktop. 
   • You can use Easytxf to convert a CSV file into a TXF file for upload into TurboTax Desktop.

How do I enter crypto manually in TurboTax Online?

1. Go to cryptocurrency, under Income in the Federal section, select Investments and Savings, then select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA).
2. On the Did you have investment income in 2025? screen, select Yes.
   1. Select +Add investments if you've already added some investment income info.
3. On the Let’s import your tax info screen, select Enter a different way.
4. On the OK, let's start with one investment type screen, select Cryptocurrency and Continue.
5. Select Type it in myself on the Select your crypto experience screen.
6. Answer the questions and continue through the screens. We’ll walk you through entering your sales.

[CesarJ]

When reporting cryptocurrency transactions in TurboTax, you generally need to enter each transaction individually. This is because individual transactions have unique purchase dates, cost bases, and proceeds which affect the accuracy of your tax reporting.

However, some crypto exchanges provide a Form 1099-DA, which summarizes your digital asset transactions for the year. This form reports your gross proceeds and can simplify your reporting process.

TurboTax allows you to either import your transactions directly from supported exchanges, including 1099-DA forms, or enter them manually one by one. Using detailed transaction data is usually more accurate, but the 1099-DA form helps consolidate your tax info if available.

To upload, import or enter cryptocurrency manually, follow these steps:

How do I import my crypto in TurboTax Online?

1. Go to cryptocurrency, under Income in the Federal section, select Investments and Savings, then select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA).
2. On the Did you have investment income in 2025? screen, select Yes.
   • Select +Add investments if you've already added some investment income info.
3. On the Let’s import your tax info screen, search for and select your crypto exchange.
4. Follow the onscreen instructions closely. You'll have to sign in to your exchange account to import your transactions.
   • Note: Imports can take up to 3 minutes to complete.
5. We'll ask you a few more questions before taking you to the investment overview screen. Select Review to go over the imported info and verify that it's accurate.

How do I upload a gain/loss PDF in TurboTax Online?

1. Go to the investment income screen under Income in the Federal section.
2. On the Did you have investment income in 2025? screen, select Yes.
   • Select + Add investments if you've already added some investment info.
3. On the Let's import your tax info screen, select Enter a different way.
4. On the How do you want to add your docs? screen, select Upload to upload a PDF file into TurboTax Online. You can also upload a JPG, JPEG, or PNG file.

How do I upload a TXF file in TurboTax Desktop?

To upload a TXF file with your crypto transactions, follow the instructions below: 

1. Go to Federal Taxes.
2. Go to Wages & Income.
3. If asked How do you want to enter...?, select I'll choose what I work on.
4. Under Investment Income, select Start or Update next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
5. On the Did you have investment income in 2025 screen? screen, select Yes.
   • Select + Add investments if you've already added some investment info.
6. On the Let Us Enter Your Bank and Brokerage Tax Documents screen, select Import now to upload a TXF file into TurboTax Desktop. 
   • You can use Easytxf to convert a CSV file into a TXF file for upload into TurboTax Desktop.

How do I enter crypto manually in TurboTax Online?

1. Go to cryptocurrency, under Income in the Federal section, select Investments and Savings, then select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA).
2. On the Did you have investment income in 2025? screen, select Yes.
   1. Select +Add investments if you've already added some investment income info.
3. On the Let’s import your tax info screen, select Enter a different way.
4. On the OK, let's start with one investment type screen, select Cryptocurrency and Continue.
5. Select Type it in myself on the Select your crypto experience screen.
6. Answer the questions and continue through the screens. We’ll walk you through entering your sales.

[fasteddie577]

Thank you very much. Have a great day.