How to Report Crypto on TurboTax in 2025

Yes, TurboTax Premier supports cryptocurrency reporting. Paired with TokenTax, TurboTax simplifies complex filings, making it accessible for crypto users. Below, we explain step-by-step how to report your crypto on TurboTax.

Calculate your crypto gains with our free crypto profit calculator.

Follow these steps to report your cryptocurrency transactions in TurboTax:

1. Generate your TurboTax crypto tax documents

• Go to the "Documents" tab on your TokenTax dashboard.

• Click "Create Report," select "Form 8949 TurboTax CSV," and generate the report.

• Download your report to your computer.

2. Start your tax return in TurboTax

• Log into TurboTax Premier or create an account.

• During the introduction, select “I sold or traded cryptocurrency.”

3. Find the Wages & Income screen

• Navigate to the "Federal" tab, then click "Wages & Income."

4. Import your TokenTax crypto tax documents to TurboTax

• Under "Investments and Savings," click "Revisit" next to "Stocks, Cryptocurrency, Mutual Funds."

• Select “Upload it from my computer” and follow the prompts to upload your CSV from TokenTax.

To enter crypto transactions in TurboTax Online:

• Navigate to "Federal" -> "Wages & Income" -> "Investments and Savings."

• Select "Cryptocurrency," then upload your TokenTax CSV report.

TurboTax supports up to 20,000 transactions for online reporting.

How to report crypto on TurboTax Desktop

TurboTax Desktop supports up to 10,000 transactions. To import crypto:

1. Generate a TXF file from your TokenTax dashboard.

2. In TurboTax, go to "File -> Import -> From Accounting Software" (Windows) or "From TXF Files" (Mac).

3. Select your TXF file and import.

Ordinary crypto income, such as mining rewards or staking, must be reported separately:

• Navigate to "Wages & Income" -> "Less Common Income" -> "Miscellaneous Income."

• Enter your ordinary income manually, using your TokenTax report for accuracy.

Crypto earned through mining, staking crypto, or airdrops is considered ordinary income. If you received a Form 1099-MISC from an exchange, report it under "Other Common Income" in TurboTax.

• Navigate to "Form 1099-MISC" under "Wages & Income."

• Enter the data exactly as it appears on your 1099-MISC form.

Use our free crypto tax calculator.

TurboTax supports CSV imports from popular exchanges, including:

• Coinbase

• Binance US

• Kraken

• PayPal

• CashApp

See our expert picks of the best crypto exchanges.

TurboTax allows transaction imports from wallets like:

• MetaMask

• Ledger

• Trust Wallet

• Coinbase Wallet

See our expert picks of the best crypto wallets.

TurboTax supports major cryptocurrencies, including:

• Bitcoin (BTC)

• Ethereum (ETH)

• Solana (SOL)

• Polygon (MATIC)

For the latest updates, check TurboTax's supported assets list.

Learn more about the different types of cryptocurrency.

How to report crypto taxes with TurboTax FAQs

Where to report crypto in TurboTax?

Report crypto transactions under "Wages & Income" -> "Investments and Savings" -> "Cryptocurrency."

Does TurboTax calculate crypto gains?

Yes. TurboTax calculates gains and losses when you import CSV files from platforms like TokenTax.

Can TurboTax track the cost basis of cryptocurrency?

TurboTax helps track cost basis when paired with TokenTax reports or exchange data.

How do I format my cryptocurrency transactions into CSV format for TurboTax?

TokenTax generates TurboTax-compatible CSV files, simplifying the process. Alternatively, use the TurboTax CSV template for manual formatting.

Can TokenTax aggregate my TurboTax CSV file transactions?

Yes, TokenTax aggregates transactions and generates a concise CSV file for TurboTax import.

Can TurboTax handle NFTs?

TurboTax does not directly support NFTs. Use TokenTax to calculate NFT gains or losses and import the results as part of your crypto report.

Learn more in our NFT tax guide.