How do I add my NFTs in TurboTax?
by TurboTax• Updated 3 months ago
Follow these steps to enter your non-fungible tokens (NFTs) into TurboTax Online.
Note: If your TurboTax navigation looks different from what’s described here, learn more.
- Open or continue your return.
- Go to Wages & Income and select Start or Revisit next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.
- Answer Yes to Did you have investment income in 2022?
- On the Let's import your tax info screen, search for your blockchain or wallet .
- Connect your public wallet address so TurboTax can import your data.
- Once you connect your data source, you can manually add an NFT transaction by selecting Add transaction on the transaction screen.
- Enter the date and time of transaction, the transaction type, and source of your NFT.
- Select This is an NFT.
- Enter the asset used to purchase the NFT, along with the amount of asset. For example, if you purchased an NFT with 2 ETH, enter 2 as the Amount and enter ETH as the Asset Type.
- Enter the amount of NFTs you purchased, the asset symbol, and ID. Add any fees that were paid and the value of the transaction.
- Select Save and review your transaction in the transactions list.
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