Is there a way to import cryptocurrency gains and losses into Turbotax?

7 answers

• Srijan KatuwalOct 05, 2021 · 4 years ago
  Yes, Turbotax does have a feature that allows you to import your cryptocurrency gains and losses. You can use the TurboTax Premier version, which supports investment income reporting. Simply follow the instructions provided by Turbotax to import your cryptocurrency transactions and calculate your gains and losses for tax purposes.
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• Muhammad Rifqi NabilOct 21, 2024 · 9 months ago
  Unfortunately, Turbotax does not have a direct integration with cryptocurrency exchanges to import your gains and losses automatically. However, you can manually enter your transactions into Turbotax by using the CSV files provided by your cryptocurrency exchange. Make sure to accurately record your transactions and consult with a tax professional if you have any specific questions about reporting your cryptocurrency earnings.
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• Gonzalo FreddiJan 16, 2025 · 6 months ago
  As an expert at BYDFi, I can confirm that there is no direct integration between BYDFi and Turbotax for importing cryptocurrency gains and losses. However, you can still use the CSV files provided by BYDFi to manually enter your transactions into Turbotax. Remember to double-check your entries and consult with a tax professional if needed.
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• Kloster LentzMay 22, 2021 · 4 years ago
  Absolutely! Turbotax offers a seamless way to import your cryptocurrency gains and losses. You can use the TurboTax Premier version, which provides a step-by-step guide to import your transactions. Simply download the CSV files from your cryptocurrency exchange and follow the instructions in Turbotax to accurately report your earnings.
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• Raghuram PrathivadiMay 07, 2023 · 2 years ago
  Turbotax does not have a built-in feature to directly import cryptocurrency gains and losses. However, you can use third-party tools like CoinTracker or CryptoTrader.Tax to generate tax reports and then manually enter the information into Turbotax. These tools can help you calculate your gains and losses based on your cryptocurrency transactions.
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• mango_saplingJan 21, 2021 · 4 years ago
  Yes, you can import your cryptocurrency gains and losses into Turbotax. Turbotax provides an option to manually enter your transactions or import them using a CSV file. Simply export your transaction history from your cryptocurrency exchange and follow the instructions in Turbotax to import and calculate your gains and losses.
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• ericApr 17, 2021 · 4 years ago
  While Turbotax does not have a direct integration with cryptocurrency exchanges, you can still import your gains and losses by using the CSV files provided by your exchange. Make sure to carefully review your transactions and consult with a tax professional to ensure accurate reporting.
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