https://turbotax.intuit.com You can now import your cryptocurrency transactions from more than 15 different cryptocurrency services directly into TurboTax. Watch this video to find out how.
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Video Transcript ~ Title : How do I import my cryptocurrency transactions into TurboTax? – TurboTax Support Video
You don’t have to report crypto transactions if you just bought and held on to it, or transferred it from one wallet to another. If you received crypto as payment for services, mined it, or earned it through exchange award programs, that’s reported as income.
The IRS treats crypto sales, exchanges or conversions as property, and their earnings are considered capital gains.
The easiest way to add all of your transactions is to sign in to your exchange account we’ll automatically import thousands of transactions and any tax forms you might have, to calculate your gains or losses.
Your exchange might have sent you a list of your taxable sales, a 1099-B form, or a gain and loss report. Use it to make sure that the information we imported matches what’s on your document or to enter your transactions manually.
If you traded with multiple exchanges, you can connect to each one to capture all of your transactions with just a few clicks.
For more answers to your questions, go to turbotax.com/support
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