How do I import my digital asset transactions into TurboTax?
Below is the full transcript for the above video.
You don’t have to report digital asset transactions if you just bought and held on to the asset, or transferred it from one wallet to another. If you received a digital asset as payment for services, mined it, or earned it through exchange award programs, that’s reported as income.
The IRS treats digital asset sales, exchanges, or conversions as property, and their earnings are generally considered capital gains.
The easiest way to add all your transactions is to select each one of your exchanges in turn. Then, Intelligent Tax Optimization will take you to your exchanges’ login pages. When you sign in, we’ll automatically import thousands of transactions and any tax forms you might have, to calculate and consolidate your gains or losses and alert you about potential other income transactions.
For tax year 2025, custodial brokers are required to issue Form 1099-DA (Digital Asset Proceeds from Broker Transactions) for sales and exchanges for transactions occurring on or after January 1, 2025. Brokers aren’t required to report cost basis information with respect to sales effected in 2025.
Your exchange might have sent you a list of your taxable sales, a Form 1099-DA, or a gain and loss report. Use that material to either ensure the information we imported matches your documents, or to enter your transactions manually.
