CoinLedger exports a CSV file that is specifically formatted for TurboTax Online. Follow this guide to import your crypto trades into TurboTax Online using that file.

NOTE: First, be sure to download your TurboTax Online-compatible CSV file from our Reports Page.

We recommend viewing the following video and following along with the written steps below to ensure your import into TurboTax goes smoothly.

TurboTax Video Tutorial

Step 1

Navigate to TurboTax Online and select the Premier or Self-Employment package

Both of these packages support the tax reporting of cryptocurrencies.

Step 2

Answer the initial prompts and questions.

Upon first sign-in, TurboTax Online will ask you to complete some initial prompts and fill out your basic personal information. You are not able to jump forward within the app until this basic info is complete.

Step 3

Select for cryptocurrency wherever prompted. For example, you might see a screen like this one below:

On any of these screens, be sure to select I sold or traded cryptocurrency.
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Step 4

Navigate to the Cryptocurrency section within TurboTax Online by clicking Federal > Wages & Income > Investments and Savings.

Step 5

If you are prompted with the question "Did you have investment income in 2024?" select Yes.

Step 6

Now TurboTax will ask some more questions about your crypto trading activity.

If prompted, select Yes for the question "Did you have crypto income or losses in 2024?"

Select Yes if the crypto you sold was transferred between exchanges or wallets.

Select Yes if you bought or sold an NFT.

Select Yes if you received a reward in the form of crypto, such as mining, staking, airdrops or other income events.

Select Yes if you participated in DeFi or a DAO.

​Step 7

Click Continue on the next screen once you have answered all of TurboTax's questions about your crypto trading activity. Then, select Enter a different way on the screen shown below.

You must select Enter a different way on this step. Searching for CoinLedger will cause your import to fail.

​After that, select Cryptocurrency on the next screen and press continue.

Step 8

On the next screen, press Upload it from my computer. This will allow you to upload the TurboTax Online CSV file from CoinLedger. Learn how to download that file HERE.

NOTE: If you do not select Other, and enter CoinLedger under the Name, the import process for TurboTax will fail. Additionally, you MUST select Gain/Loss or 1099-B and NOT "Transactions" under the CSV type menu, as shown below. Selecting the wrong Crypto service and CSV Type at this stage will cause the import process to fail.

​Enter the information below and then press Continue.

Step 9

Upload the TurboTax Online file you downloaded from CoinLedger.

Step 10

Review your imported crypto data and if all looks correct, click Continue.

Important Note: Do not be alarmed if TurboTax asks you to review each imported crypto transaction individually once you have uploaded your TurboTax CSV. This is a standard process TurboTax requires all users to undergo and does NOT indicate that something went wrong with the import process.

You can skip this individual review process by following these steps.

Here is the review screen you might see once you're finished uploading your CSV from CoinLedger:

Each category of Income on this section has the option to review, but you can skip this Review section entirely by scrolling to the bottom of this page and clicking Confirm.

If you do click on the Review section for your crypto transactions, you can simply choose to ignore it by scrolling to the bottom of the menu and pressing Continue. You can also navigate away from this page by selecting each transaction individually (or bulk-selecting all at once) and then clicking Continue, as shown below.

Important Note #2: TurboTax Online has disabled the ability to upload CSV files when amending a return for previous years. If you need to amend, please follow the TurboTax Desktop Guide.
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