How can I generate Form 8949 to account for Crytpo capital loss?

Forum|Forum|1 year ago
February 26, 2025
2 replies
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I followed these instructions to generate and upload a Crypto CSV to TurboTax (https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/upload-csv-file-crypto-transactions/L4EaIsWGG_US_en_US). However, when reviewing my return, TurboTax did not generate a Form 8949 and my Crytpo capital losses were not accounted for. Under the TurobTax investment section, Crypto shows up, but there is no total (unlike my other investment sections).

TurboTax Premier Online

JamesG1

Crypto uploaded from a .CSV in TurboTax Online Premium looks like this.

I click Edit and the transactions look like this.

TurboTax prepares an IRS form 8949.

It sounds like whatever data was imported into your tax return, does not carry any values.

Are you able to view the transactions lines in the .CSV using Excel or other software? Are the dollar amounts actually there?

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egarrenAuthor

Thank you for the reply and screenshots @JamesG1 . My Crypto section does not show a "total gain". When I click "View Transactions" I am able to see my transactions, but the columns are labeled differently that yours. See screenshot below:

I am able to see all the transactions and dollar amounts in Excel too.

JamesG1

I'm sorry that I am not able to view the .PNG files.

At the screen What's the name of the crypto service you used? were you given a choice of:

Gain/Loss Report or Form 1099-B, or
Raw transaction activity?

If you were given a choice, perhaps you should upload using the other choice?

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egarrenAuthor

Thanks @JamesG1 . I chose "BlockFi" and was not given a choice (it was only the "Raw transaction activity" option).

To test if the other option worked, I tried using "Coinbase" and clicking "Gain/Loss report or Form 1099-B". However, when I try to upload the CSV that way I get the following error:

We’re having trouble with your file

turbotax_crypto_export.csv

Here are some common fixes that might help:

•Make sure you’re uploading a CSV of your crypto sales.

•Make sure your file name ends with .csv and add it if it’s missing.

•Try downloading your file again from Coinbase in case it’s damaged.

•Check your internet, a slow connection can interrupt your upload.

•Make sure your file isn’t password protected.

•Wait a few minutes and try again.

egarrenAuthor

@JamesG1

To follow up, I tried uploading the example CSV from TurboTax to see if there was something wrong with my CSV. I downloaded the example CSV from here (https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/create-csv-file-unsupported-source/L1yhp71Nt_US_en_US) and received the same error. This makes me think there is not a problem with my CSV, but something else is going wrong. Do you have any advice? Thanks.