How to File Crypto Taxes with TurboTax (Step-by-Step)

Yes, you can file your crypto taxes with TurboTax. In TurboTax Online, you upload the TurboTax Digital Assets PDF from CoinLedger in the Investments and Savings section under Wages & Income. Below, we’ll walk through each step, plus how to report crypto income and how to file with TurboTax Desktop.

Can I file cryptocurrency taxes on TurboTax? 

Yes, TurboTax allows users to report cryptocurrency taxes. 

While TurboTax is one of the best tax platforms on the market, it’s important to remember that it wasn’t built with cryptocurrency in mind. As a result, it doesn’t always have the integrations and functionality needed to make reporting your crypto taxes stress-free. 

That’s where CoinLedger comes in. CoinLedger has been an official TurboTax partner since 2018. The platform pulls in your transactions from all of your wallets and exchanges, then creates a file you can upload directly into your TurboTax account.

How to enter crypto gains and losses into TurboTax Online

Here’s how you can report your cryptocurrency within the online version of TurboTax. 

1: Open TurboTax

Head to TurboTax Online and select your package. Both Premier and Self-Employment support cryptocurrency tax reporting. 

2. Answer initial prompts and questions

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

3. Answer crypto questions

Whenever prompted, make sure to let TurboTax know about your cryptocurrency transactions. For example, you might see a screen like this below:

On any of these screens, be sure to indicate if you sold or traded cryptocurrency.

4. Open 'Wages and income'

Within Wages and Income, click to Start/Edit the Investments and Savings section (this is where the cryptocurrency module is).

5. Select 'Yes' to having investment income in 2025

If you are prompted with the question "Did you have investment income in 2025?" select ‘Yes’.

6. Tell TurboTax about your trading activity

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 2025?"

You may also be asked about whether the crypto you sold was transferred between wallets and exchanges, whether you bought/sold an NFT, whether you earned cryptocurrency rewards, and whether you participated in DeFi/a DAO. Make sure to answer all these questions accurately.

7. Select 'Enter a different way'

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.

Do not select ‘Connect’. This will cause your import to fail.

8. Select 'Upload'

On the next screen, press 'Upload', then 'Continue'. This will allow you to upload the TurboTax Digital Assets (PDF) from CoinLedger. Learn how to download that file HERE.

9. Upload the TurboTax Digital Assets

Upload the TurboTax Digital Assets (PDF) you downloaded from CoinLedger. Review your capital gains. Then, click 'Continue'.

Congrats! You have finished.

That’s the end of the process! If you’ve completed all of the steps above, you’ll be able to see a complete record of your crypto gains and losses. 

How do I report ordinary crypto income on TurboTax Online (not capital gains/losses)?

Remember, the process above is designed to help you report your capital gains and losses. If you’ve earned cryptocurrency income, such as mining and staking rewards, you will have to report this separately.

At this time, TurboTax does not support the ability to directly report staking and mining income. You can report this type of income through the following steps.

Go to the Federal Tab, then click ‘Wages & Income’. 

Find the row labelled ‘Less Common Income’, then click to show more. 

Navigate to the section labelled ‘Miscellaneous Income, 1099-A, 1099-C’ and click the ‘Start’ button. 

Navigate to the last section labelled ‘Digital assets not reported anywhere else’ and click the ‘Start’ button. 

Here you can enter the details for your cryptocurrency income from staking, interest, etc. during the tax year. You can easily find all of your ‘crypto income’ within your CoinLedger income report. 

How do I report my taxes on TurboTax Desktop? 

The Desktop version of TurboTax allows you to report your crypto gains, losses, and income. For 2025 returns, CoinLedger recommends uploading your TurboTax Digital Assets PDF in TurboTax Online first, then opening TurboTax Desktop and choosing ‘Continue From TurboTax Online’. A TXF file can’t carry the new digital asset boxes on Form 8949, so it’s best kept for 2024 and earlier returns. 

To learn more, check out our Help Center article that outlines the complete step-by-step process on how to report your taxes on TurboTax Desktop.

Does TurboTax import from Coinbase? 

Yes. TurboTax Online allows you to import transactions from Coinbase by signing in to your Coinbase account. 

However, it’s important to remember that your tax report may be inaccurate if you’ve transferred your cryptocurrency between different wallets and exchanges. In this case, TurboTax may have trouble calculating your capital gains and losses. 

In addition, an exchange import only includes activity on that exchange. If you also use self-custody wallets like MetaMask, those transactions won’t be included. 

Luckily, CoinLedger can help. Just connect your wallets and exchanges and CoinLedger can generate a comprehensive crypto tax report that includes transactions from all of your exchanges and wallets!

Do I need crypto tax software if I got Form 1099-DA? 

In many cases, Form 1099-DA won’t show the full picture of your gains and losses. For 2025 sales, exchanges reported your proceeds but weren’t required to report your cost basis. Starting with 2026 sales, they report cost basis only for crypto you bought on or after January 1, 2026 and kept on the same exchange. If you transferred crypto in from another wallet or exchange, your cost basis may be left blank.

Consider the following scenario. 

In this scenario, John’s true capital gain is $2,000. However, Exchange B has no record of his original cost basis. John's proceeds will likely be reported as $10,000 on Form 1099-DA with no cost basis. If John copies and pastes the information from his Form 1099-DA, he will overpay his taxes. John is allowed to report his actual $8,000 cost basis on Form 8949, as long as he has records of the purchase.

Crypto tax software can help John get an accurate view of his gains and losses across all of his wallets and exchanges.

What’s the best crypto tax software to use with TurboTax? 

Looking for the best crypto tax software to use with TurboTax? Here’s why you should choose CoinLedger. 

Highly capable: CoinLedger integrates with hundreds of exchanges and wallets such as Coinbase, Kraken, and Gemini and blockchains such as Ethereum and Solana. 

Get the support you need: We know that trying to report your taxes on your own can be difficult. If you need assistance at any point while using CoinLedger, our support team is ready and available for all of our customers via email and live chat. 

Import your gains and losses with a click: Once you’ve imported your crypto transaction history and generated your crypto tax reports within CoinLedger, you’ll be able to import them directly into TurboTax and other tax platforms with the click of a button! 

Prefer to hand it off: With CoinLedger Done For You, a dedicated expert reconciles your crypto transaction history for you. Then you can import the finished report into TurboTax.

Learn more about how CoinLedger works.

What if I have more than 20,000 transactions?

TurboTax says its Premium tier can handle up to 20,000 crypto transactions. 

If you have more than 20,000 transactions, you can still file with TurboTax. CoinLedger’s report download includes your complete Form 8949, an attached statement, and Form 8453, so you can report summary totals in TurboTax and send the details to the IRS by mail. 

When you e-file with summary totals, you need to take one additional step: mail your complete Form 8949 (or the attached statement) to the IRS with Form 8453 within 3 business days after the IRS accepts your e-filed return. For more detailed instructions, check out our guide to mailing your IRS 8949.

Get started today! 

Your 2026 tax return is due April 15, 2027 (October 15, 2027 if you file an extension). Want to file your cryptocurrency taxes before the deadline? Try CoinLedger, the crypto tax software trusted by more than 700,000 investors across the globe.

Get started with a free preview report today.