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addotson
New Member

Why dont these instructions work? https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/create-csv-file-unsupported-source/L1yhp71Nt_US_en_US

It seems like the online turbotax has updated to allow csv files for an unsupported crypto wallet. I have created one using the provided instructions but the upload fails. Please advise.
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1 Reply
DianeW777
Employee Tax Expert

Why dont these instructions work? https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/create-csv-file-unsupported-source/L1yhp71Nt_US_en_US

There seems to be many variables depending on browser, headers, etc. It may even be easier to use summary totals from your file. A solution can be to enter summary transactions if you have many transactions. 

 

Your brokerage statements or CSV files should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.

 

Holding Periods:

  • Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
  • Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate).

You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any.

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