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Upload Your Tax Report - TaxAct
Upload Your Tax Report - TaxAct

Learn how to import your CoinLedger data to TaxAct.

Lucas Wyland avatar
Written by Lucas Wyland
Updated over a week ago

With CoinLedger, you're able to create a CSV file that you can import to your TaxAct account in minutes! Here we'll review that process. Watch this step-by-step video walkthrough, or continue on for a written step-by-step breakdown below.

Step 1

Start by heading to our website and downloading the TaxAct CSV file from the Reports page.

Step 2

Next, navigate to TaxAct and log in to your account. If this is your first time using TaxAct, you'll be prompted to enter some basic information.

Step 3

Continue through the basic personal questions TaxAct asks you. On Question 3, you'll be asked if you participated in any alternative investments or savings, as shown below.

Click on Cryptocurrency. Then, on the expanded Cryptocurrency menu, select every type of crypto trading or income activity you participated in this year. You can see which types of capital gains/losses or income you incurred for the year by viewing the Summary on the Tax Reports page of CoinLedger.

In this example, I can see on my Tax Reports Summary page that I incurred Capital Losses for 2023 and I earned Interest Income from my crypto.

Therefore, I'll select BOTH Gain or loss on the sale of cryptocurrency AND Crypto Interest on TaxAct's Cryptocurrency menu. Again, this selection depends on your personal tax situation, so be sure to check the Tax Reports page before completing this step to ensure that you're accurately reporting this data.

Then, select CSV Import on the next screen, and hit Continue.

Step 4

Select CSV Import one more time.

Next, search for the TaxAct CSV file you downloaded from our website, and select that as your source! Make sure to select the appropriate headers when importing.

Very Important: The header listed on TaxAct's columns should match the headers on our spreadsheet. See this example below:

Next, select which rows on the spreadsheet you want to import data from. Make sure the rows you select include your transaction data. Then, hit Continue.


On the next screen, make sure everything looks correct, and hit Import.

Step 5

Once the import is successful, you'll see this message:

******NOTE**** If you had any crypto income for the year and indicated as such back in Step 3 of this article, be sure to continue on through the prompts shown on your screen to record that information. If you didn't have any crypto income this year, you can continue on to filing the rest of your tax return.

If at any point you received a 1099-MISC from a crypto exchange you used to trade crypto, you should upload this 1099 directly into TaxAct and skip the process below. This will bring over some of your crypto income transactions. Find out how to add a 1099 to TaxAct here.

Step 6

On the next page, you'll need to enter your total crypto income into TaxAct. Since TaxAct only allows you to enter one or two fields in this section, you can combine all of your total crypto income totals into one total income number and report it here if you earned multiple types of income this year.

For a combined total, label it either as "Crypto Income". If you've only earned one type of crypto income this year, just name it according to that type. For example, label it as "Mining Income" if you received only mining income, etc.

Step 7

Continue on to the next screen, and finish filing your taxes by answering all of the other necessary questions!

Remember to answer Yes if TaxAct asks if you have purchased or sold virtual currency this year.

Now you're all done! Continue filing your taxes with TaxAct as you normally would!

To review your crypto tax data on TaxAct, you can launch the TaxAct Stock Assistant, where you can view and manage your imported transactions.

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