Question

Importing Crypto Capital Gains with Koinly

Forum|Forum|5 years ago
February 3, 2021
1 reply
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My exchange, Uphold, features a service called Koinly to help import my crypto transactions. Neither Uphold or Koinly are listed on TurboTax’s “let’s get your cryptocurrency info” page. Koinly’s website says the service plan includes TurboTax export. How do I import my crypto information to TurboTax using Koinly?

TurboTax Deluxe Online

AkinaLO

Please call Koinly's customer support for instructions because we don't have specific information on Koinly.

Please refer to the following steps below concerning importing cryptocurrency information to your tax return.

Once you have your figures:

Open or continue your return.
Select Federal from the left menu, and Wages & Income from the menu near the top.
Scroll down and select Show more next to Investment Income.
Select Start or Revisit next to Cryptocurrency.
Follow the instructions and we'll calculate the gain or loss from the sale.

There's an upload limit of 2,000 cryptocurrency transactions in TurboTax. If you have more than that, you’ll need a transaction aggregator. We’ll walk you through that in the cryptocurrency section.

How do I report Bitcoin or other cryptocurrencies as a capital gain?

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