Note that Turbo. Tax’s CD / Desktop edition does not officially support cryptocurrency. We recommend you use the web version for the best cryptocurrency tax support. Note that the transaction limit in this case is 3,000.
Does turbotax support crypto?
The desktop version of Turbo. Tax doesn’t officially support crypto . However, there still is a way to get your cryptocurrency tax information into the Desktop version of Turbo, and tax.
Which version of TurboTax do I use for cryptocurrency tax reporting?
However, there still is a way to get your cryptocurrency tax information into the Desktop version of Turbo, and tax. We outline that step-by-step process in this article here .
How do I import my cryptocurrency gains and losses to TurboTax?
This file consists of your cryptocurrency gains and losses from your trading activity. Import the “Turbo. Tax Online” file directly into Turbo, and tax. Select All Transactions As Taxable You should see all of your cryptocurrency gains and losses imported.
Import Your Turbo. Tax Online Report From your tax report dashboard in Crypto, and trader. Tax, download your “Turbo. Tax Online” file. This file consists of your cryptocurrency gains and losses from your trading activity. Import the “Turbo. Tax Online” file directly into Turbo, and tax.
How do I enter cryptocurrency as income on my taxes?
If you are using Turbo. Tax Online, go to the section marked Investment Income. Click on Cryptocurrency button to enter information. If you are in Turbo. Tax Desk Top, open Forms.
Also, how many cryptocurrency transactions can I upload to my tax return?
There’s an upload limit of 2,000 cryptocurrency transactions in Turbo, and tax. If you have more than that, you’ll need a transaction aggregator. We’ll walk you through that in the cryptocurrency section.
For up to 50 transactions, they can be manually entered. If you have a large volume of transactions, Turbo. Tax Online allows for importing up to 2,000 transactions automatically for cryptocurrency. For more transactions, use a transaction aggregator., turbo Tax will walk you through that process.