Important Note: You will need TurboTax Premier or Home & Business version of TurboTax to be able to successfully import your gains and losses.
You can upload your trading information that CryptoTrader.Tax creates into the desktop version of TurboTax so that you can complete your entire tax return.
- Simply export the Tax Exchange Format under the Downloads popup.
Navigate to File > Import > From Accounting Software
Select "Other Financial Software (TXF file)", then click "Continue".
Select Browse File and select the TXF file you just downloaded from CryptoTrader.Tax. Once the file has been selected, click on the
Confirm that the file appears as a 1099-B and click the Import Now button once again.
Important Note: The report generated by CryptoTrader.Tax is aggregated across multiple cryptocurrency exchanges so the Financial Institution name is not set. This is to be expected and you may disregard the Needs Info? column and continue forward by clicking Done.
The import of your cryptocurrency transaction data is now complete once you get to this screen. You may now click Done and continue entering information for the rest of your return.