TurboTax Investor Center [announced Sept 28, 2023] describes exporting its crypto tax data separately to TurboTax for preparing a tax return, by illustrating [under 'File your Crypto Taxes' tab] that being done with TurboTax Online - it does not illustrate that being done in TurboTax Desktop:Can TurboTax Investor Center data be exported to TurboTax Desktop also? Background context:TurboTax Investor Center states its own purpose for cryptocurrency tax/portfolio-monitoring (separate from TurboTax tax-prep/filing), by describing [under FAQ, 'What's the difference between TurboTax Investor Center and filing taxes with TurboTax?'] that [emphasis, mine]:TurboTax Investor Center is a free new year-round crypto tax software solution that’s separate from preparing and filing taxes with TurboTax. It helps you continuously track both how your crypto investment decisions impact your tax outcome and your overall portfolio performance. It’s intended to be used year-round, but isn't a tax preparation service. Using TurboTax Investor Center to import your data will make it seamless to file taxes with TurboTax [not TurboTax Investor Center] when tax time comes.

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Question

Can TurboTax Investor Center data export/sync to TurboTax Desktop (or instead just TurboTax Online)?

Forum|Forum|2 years ago
October 24, 2023
1 reply
0 views

TurboTax Investor Center [announced Sept 28, 2023] describes exporting its crypto tax data separately to TurboTax for preparing a tax return, by illustrating [under 'File your Crypto Taxes' tab] that being done with TurboTax Online - it does not illustrate that being done in TurboTax Desktop:

Can TurboTax Investor Center data be exported to TurboTax Desktop also?

Background context:

TurboTax Investor Center states its own purpose for cryptocurrency tax/portfolio-monitoring (separate from TurboTax tax-prep/filing), by describing [under FAQ, 'What's the difference between TurboTax Investor Center and filing taxes with TurboTax?'] that [emphasis, mine]:

TurboTax Investor Center is a free new year-round crypto tax software solution that’s separate from preparing and filing taxes with TurboTax. It helps you continuously track both how your crypto investment decisions impact your tax outcome and your overall portfolio performance. It’s intended to be used year-round, but isn't a tax preparation service. Using TurboTax Investor Center to import your data will make it seamless to file taxes with TurboTax [not TurboTax Investor Center] when tax time comes.

VolvoGirl

Employee

Well if it doesn't import to the Desktop program there was a work around.

For Desktop program you can start a free online Premier return to import it then download the .tax2023 file for free and open it in the Desktop program.

Then Since you have to start a new blank Online return you can start the Online return by transferring 2022 from your computer if you used Turbo Tax Desktop last year.