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New Member

CRYPTO SECTION NEEDS REVIEW

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31 Replies
JohnB5677
Expert Alumni

CRYPTO SECTION NEEDS REVIEW

Please clarify your concern.

 

  • What are you stuck on?
  • Can you identify the crypto section that needs review?
  • Are there any error messages that you see?
  • Did you run the Federal Review?  This may detect a specific problem you didn't recognize.
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CRYPTO SECTION NEEDS REVIEW

I have a similar issue:

I imported a crypto 1099 from a csv file from Robinhood

Needs Review shows items need updating

I update them but they dont clear

 

CarissaM
Intuit Alumni

CRYPTO SECTION NEEDS REVIEW

@MZhun Are you using Turbo Tax Desktop or Turbo Tax Online?

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CRYPTO SECTION NEEDS REVIEW

I am having the same issue. I entered my crypto totals manually, as I have too many transaction for the csv file method. But when I go to file, it says that I need to review that section, but there is an endless loop of wanting me to review some thing which is already correct. The software is broken, is there any fix to it? 

MichelleLO
Intuit Alumni

CRYPTO SECTION NEEDS REVIEW

This is a known issue we are working to resolve. You can sign up for progress updates regarding this issue in the below TurboTax help article. 

Why am I stuck in a loop in the Investment Income section when I choose "Walk me through everything?...

@meanhorn

 

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CRYPTO SECTION NEEDS REVIEW

Yeah for real, last year it was fine, this year i got 350 "Needs Review" I am about ready to just go under the raidar with my crypto this is insanity. 

sad6
New Member

CRYPTO SECTION NEEDS REVIEW

1000% insanity. "Please review every crypto investment you made last year". I will, TurboTax, if you review every grocery item on your grocery receipts from last year. It'll take us both roughly the same time....

sad6
New Member

CRYPTO SECTION NEEDS REVIEW

@MichelleLO  Replying bc this crypto review issue is still an issue and unresolved when attempting to file Federal taxes.

02/26/2022

CRYPTO SECTION NEEDS REVIEW

Yup, STILL not fixed. Come on, Intuit programmers, it's not THAT hard to fix... Sigh.

CRYPTO SECTION NEEDS REVIEW

I am also going through these issues; I requested help but did not receive support. Info on how to not review all my crypto? 305 to review. 

AmyC
Expert Alumni

CRYPTO SECTION NEEDS REVIEW

Another option. The IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any transactions that were investment related.

If you want to do this outside of the program and then enter only two lines,

  • the total short term and the
  • total long term transactions that do qualify, that is an option. 

If you do the summary, you can just mail a copy of your 1099B forms to the IRS. The program will give you instructions. The IRS expects every investor to have a spreadsheet. This is an example they used summer 2021,

 

@JJanvier

@noneofyourbusiness12

@sad6

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CRYPTO SECTION NEEDS REVIEW

This is EXACTLY the information the CSV form contains that I am importing into Turbotax (cost basis and everything). I should not have to enter this again manually 400+ times!!! This is a programming error, a bug. But meanwhile, I have found a better solution --- I filed my taxes with TaxAct. Less "guidance" by annoying algorithms, but way fewer bugs. After 3 years of an increasing amount of bugs, it's bye bye, Turbotax. 

CRYPTO SECTION NEEDS REVIEW

Okay so I understand that I could possibly go back and change the csv file to make it work with your software, the problem is your software. When people have more than 300 items to go through and we are forced to do each transaction one by one and each one takes forever to load cause your servers are trash. 

 

How about you just fix the input method to allow more than one transaction? I mean that is what a true company who cares about its members would do. 

CRYPTO SECTION NEEDS REVIEW

That is not a customer oriented solution. That puts the burden on the customer to fix a TurboTax issue. I should not be paying $100+ to have to do that.

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