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cmj1685
New Member

Sofi ETH Crypto Error

I received the following error message after uploading my SOFI crypto transaction csv. There does not appear to be anyway to resolve this as turbo tax will not accept crypto transactions through sofi. Please help! 

 

There are no buys or deposits of ETH available from SoFi (9627)

 

Thanks, 

-Chris 

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1 Reply
JamesG1
Expert Alumni

Sofi ETH Crypto Error

How large is the CSV file?  Are you able to manipulate the data into IRS form 1099-B format reporting long-term and short-term gains or losses?  Are you then able to generate a PDF of the gains and losses?

 

You may submit a summary of your transactions, grouped by sales category, for example, Box C short-term transactions not reported on Form 1099-B or Box F long-term transactions not reported on Form 1099-B.  Follow these steps:

 

  • Down the left side of the screen, click on Federal.
  • Down the left side of the screen, click on Wages & Income.
  • Scroll down to Investments and Savings and click the down arrow to the right.
  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • Click Add investments.
  • At the screen Let's import your tax info, click Enter a different way.
  • Click on Stock, Bonds, Mutual funds. Click  Continue.
  • At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
  • Do these sales include any employee stock, click No.
  • Do you have more than three sales on your 1099-B, click Yes.
  • Do these sales include any other types of investments, click No.
  • Did you buy every investment listed on your 1099-B, click Yes.  Click Continue.
  • At the screen Now, choose how to enter your sales, select Sales section totals.  Click Continue.
  • At the screen Look for your sales on your 1099-B, click Continue.
  • At the screen Now enter one sales total on this 1099-B, enter information. Click Continue.
  • Repeat as necessary by clicking  Add another sales total.  Click Continue.
  • At the screen Now we'll help you upload your 1099-B since the IRS requires a copy, select Browse.
  • Upload the 1099-B in PDF format from your provider.
  • Upload successful, click Continue.

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