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You will have to enter the results from the files into TurboTax manually. Venmo is not partnered with TurboTax to process CVS files.
You should report your crypto earnings as income (just like cash). You'll also report any new cryptocurrency you received from a hard fork followed by an airdrop or other transfer as ordinary income.
If you hold crypto as a capital asset, you must treat it as property for tax purposes. If you sold any for profit, you must report earnings whether or not you received a tax form.
How you report your crypto activity depends on whether your cryptocurrency was considered earned income or treated as a property sale. Either way, you enter your crypto transactions in the same place in TurboTax. We'll ask you questions to figure out how to report your earnings or loss.
Read through the following for more info on common cryptocurrency scenarios:
Turbo Tax only offers me to report by form 1099, am I supposed to figure out my 1099 by myself and fill in the boxes?
There is no (TIN) number?
Is it under income as 1099-G or 1099-K?
Was anything withheld?
How can I report as income when all I have is a spreadsheet of numbers?
Follow these steps:
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