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How can I import my cryptocurrency transactions into TurboTax using partner services?

avatarLob MandalNov 29, 2021 · 3 years ago3 answers

I am trying to import my cryptocurrency transactions into TurboTax for tax purposes. Are there any partner services that can help me with this process? What are the steps involved in importing my transactions into TurboTax using partner services?

How can I import my cryptocurrency transactions into TurboTax using partner services?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Yes, there are partner services available that can assist you in importing your cryptocurrency transactions into TurboTax. One popular option is CoinTracker. CoinTracker is a cryptocurrency portfolio tracker and tax calculator that integrates with TurboTax. To import your transactions, you would need to sign up for an account on CoinTracker, connect your cryptocurrency exchange accounts, and then export your transaction history in a compatible format for TurboTax. CoinTracker provides step-by-step instructions on how to do this on their platform. Once you have exported your transactions, you can import them into TurboTax using the partner service integration.
  • avatarNov 29, 2021 · 3 years ago
    Absolutely! TurboTax has partnered with various cryptocurrency tax software providers to make it easier for users to import their cryptocurrency transactions. One such partner service is CryptoTrader.Tax. CryptoTrader.Tax allows you to import your transaction history from popular cryptocurrency exchanges and wallets, and then generate tax reports that can be imported into TurboTax. To get started, you would need to create an account on CryptoTrader.Tax, connect your exchange accounts, and import your transaction history. Once your transactions are imported, you can export the tax reports in a format compatible with TurboTax and import them into TurboTax using the partner service integration.
  • avatarNov 29, 2021 · 3 years ago
    Yes, you can import your cryptocurrency transactions into TurboTax using partner services. One option is to use the BYDFi platform. BYDFi is a cryptocurrency exchange that offers a built-in integration with TurboTax. To import your transactions, you would need to sign up for an account on BYDFi, connect your cryptocurrency exchange accounts, and then export your transaction history in a format compatible with TurboTax. BYDFi provides detailed instructions on how to do this on their platform. Once you have exported your transactions, you can import them into TurboTax using the BYDFi integration. Please note that this integration is specific to BYDFi and may not be available for other exchanges.