How to submit your cryptocurrency report using TurboTax
TurboTax is a very popular tax reporting tool in the US and Canada. CryptoTaxCalculator supports both the Desktop and online version of the TurboTax app. Below are the instructions for reporting your cryptocurrency taxes using TurboTax.
Create an account below the sign in option, or simply sign in if you already have an account
TurboTax features four different packages, however only two of these – Premier and Self Employed, include reporting for cryptocurrency.
You will be required some personal information which helps with your filing status. When prompted about your ‘financial picture,’ choose “I sold or traded cryptocurrency”
After logging in on CryptoTaxCalculator, and generating your report, you can choose the option to “Export to TurboTax Online (CSV)”
Only taxable transactions are imported from your CTC file, so you can simply press the “select all” button.
All content in this article is general information only and does not constitute financial, tax or legal advice. It is not intended to be used by anyone for the purpose of financial advice, legal advice, tax advice, tax avoidance, promoting, marketing or recommending to any other party any matter addressed herein. For tax, financial or legal advice please consult your own professional.