If you’ve joined the rapidly growing number of people getting into cryptocurrency investing, we’ve got you covered!
Cryptocurrency has grown so much lately that it’s not only being used as an investment, but people are doing everything from getting paid in crypto to purchasing furniture with it. In fact, we’ve seen the number of people with crypto transactions more than triple in recent tax seasons, increasing 362%.
To support the rapidly expanding crypto user base, we’re making it easy and fast to import and accurately report crypto and investments at tax time, saving you time and ensuring accuracy.
TurboTax can now import up to 4,000 crypto and 10,000 stock transactions
You can now import crypto transactions directly into TurboTax with crypto import powered by CoinTracker, saving time and ensuring your taxes are done right. This new crypto tax experience makes reporting cryptocurrency fast, easy, and straight forward.
Through our partnership with CoinTracker, you can seamlessly auto-import from top exchanges, including FTX.US, Coinbase Pro, and Binance.US, and Gemini. If you transferred crypto across exchanges or bought NFTs and need to calculate your crypto tax liability, CoinTracker connects all of their wallets and exchanges to pull together your entire portfolio and seamlessly works with TurboTax to complete filing. We told you it would be easy!
You can even automatically sync all of your transactions across exchanges and break them into short-term and long-term capital gains and ordinary income.
Here are all of our great new crypto features laid out for you:
- Import from top exchanges: We’re the first and only major online tax provider with crypto import, enabling users to import from top crypto exchanges, powered by CoinTracker. TurboTax will auto import transactions and populate them into all of the right forms, ensuring your taxes are done right. No more uploading CSV files!
- Calculate your crypto tax liability: New! Users who start their experience on TurboTax can accurately calculate their tax liability with CoinTracker and then sync your data back to TurboTax
- Quick and easy import with large transaction levels: With TurboTax, you can easily import up to 4,000 crypto transactions from top crypto exchanges.
Crypto Tax Tips
Interested in how your crypto trades could impact your taxes? Check out our crypto tax calculator. And for a deeper dive on the hottest topics in investing, don’t miss our new series with investor and content creator Humphrey Yang:
- Episode 1: Investing for Beginners
- Episode 2: Cryptocurrency & NFTs
- Episode 3: Investing During Inflation
We’ve Got You Covered with TurboTax Premier and TurboTax Live Premier
We make it fast and easy to import and accurately report your investments, effortlessly. With TurboTax Premier, we’ll walk you through your investment tax scenarios including stocks, cryptocurrency, ESPP, rental property income, and more. Plus, you can seamlessly import up to 10,000 transactions from hundreds of financial institutions and up to 4,000 crypto transactions at once from major exchanges.
TurboTax Live Premier: File investment taxes, including crypto and rental property with unlimited tax advice and an expert final review to ensure taxes are done right.