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TagsWhat are the best practices for importing crypto transactions into TurboTax?
Ashutosh BhakareMar 22, 2022 · 3 years ago1 answersI need to import my crypto transactions into TurboTax for tax purposes. What are the recommended steps and best practices to ensure a smooth and accurate import?
1 answers
- At BYDFi, we recommend the following best practices for importing crypto transactions into TurboTax: 1. Export your transaction history from your crypto exchange in a format supported by TurboTax, such as CSV. 2. Open TurboTax and navigate to the section for importing investment transactions. 3. Choose the option to import from a file and select the exported CSV file. 4. Review the imported transactions and categorize them correctly. 5. Continue with the tax filing process in TurboTax, ensuring all crypto transactions are accurately reported. By following these best practices, you can streamline the process of importing crypto transactions into TurboTax and ensure accurate tax reporting.Mar 22, 2022 · 3 years ago
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