Question

How do you file Cryptocurrency sales using Turbotax premier?

Forum|Forum|3 years ago
February 23, 2023
1 reply
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I have TurboTax Premier installed on my MAC desktop, however, I cannot find the option to file cryptocurrency transactions or to upload them under "investment income" > "Stocks, mutual funds, bonds, other". Can you please tell me how I can upload my transactions or how to report crypto sales?

J

JamesG1

I do not have the MAC version of TurboTax, but I have had luck downloading a .csv file into TurboTax CD/Download Premier or above.

Does the MAC version have a File / Import function? If so, this workaround may help you.

A .csv file can be converted to a .txf file using a utility such as Easytxf. Then import the .txf file into TurboTax Premium Desktop.

Used Easytxf to convert the .csv file into .txf file.
Import .txf file into Turbotax Desktop: File / Import / From Accounting Software / Other Financial Software (TXF) file / Continue / Choose a File to Import / Import now.
A 1099-B with all Cryptocurrency transactions is now created. This entry can now be edited to include the account details. Each transaction can be edited as well.

Please let me know whether you have success with this workaround. Thanks.

@Jenita143

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