TurboTax Desktop Version Crypto Import

[drjacobs5]

Hello,

Are there any plans to include the crypto import function in the TurboTax Premier Desktop version this year (Coinbase, Binance, etc.)? I was not aware this feature is currently in the Online version only.

Thanks,

Dan J.

[Critter-3]

Will the download get the same function ?   Unknown when or if at this time ....  however ...

For tax year 2021, you can use the cryptocurrency import and other features with the TurboTax Online Premier and Self-employed versions, only.  

One option is to start a free tax return in TurboTax Premier Online. You don't pay for the return until you file it, so you won't have to pay the Online fee.  Enter (import) your cryptocurrency information in the Crypto section, and then save the .tax file (not PDF).  You can then open the tax file in TurboTax desktop, add the rest of your tax data and file.

• How do I save my TurboTax Online return as a tax data file? This FAQ will also have instructions on how to continue your return in the TurboTax CD\Download version.
• How do I import from the .txf file?

The other option would be to file using the Online software and get a refund for the desktop program.

Related information: 

• Your Cryptocurrency Tax Guide
• How do I report earnings or losses from Bitcoin and other cryptocurrency?
• I didn't receive a 1099-MISC, 1099-B, or 1099-K for my Bitcoin or other cryptocurrency earnings, do ...
• How is cryptocurrency like Bitcoin taxed?
• I'm mining Bitcoin, what does that mean for my taxes?

Source: DawnC

[drjacobs5]

Thank you for the quick reply! I can't get a refund since I purchased the Desktop version on Amazon. I'll give Option 1 a shot though and see how it goes.

Thank you,

Dan