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March 13, 2025
Question

the question ask was cryto transferred between exchanges or wallets. What are exchanges and wallets

  • March 13, 2025
  • 1 reply
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I have a cvs file but unsure what information to take

    1 reply

    DawnC
    Employee
    March 13, 2025

    You can keep your crypto assets in a wallet and exchanges are places you can buy and trade crypto.  If you did not move or exchange assets between exchanges/wallets, you can answer NO there.   

     

     Intelligent Tax Optimization (ITO) is a crypto aggregator within the TurboTax application.  It helps make cryptocurrency tax filing easier.   ITO is able to:

     

    • Connect to exchanges and wallets, and import transactions and tax forms
    • Identify taxable transactions
    • Calculate the cost basis values for transactions
    • Make remediation (filling any information gaps) easier

     

    This guide has everything you need to know!

     

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