Select each to check the details have been included. You will then see both the Schedule D and 8949 forms. If you want to verify the information has been included in your Schedule D, click on the "Forms" at the top right of TurboTax. You are finished and your data has been imported.
You can click the Edit button next to the line and see all the records. This is because there is no Institution Name set for the data, which is expected. You will notice that "Needs info?" says YES.
#SAVE TURBOTAX RETURN AS .TXF UPDATE#
You can click the Start button (or Update if you've been there already) next to the Stocks, Mutual Funds, Bonds, Other, which will show you the details. If you now go to PERSONAL at the top, then into Personal Income, and scroll down to the Investment Income, you will see the entries have been added. You can click the "view details" link to check what the file contains, otherwise, just go ahead and click "Import Now". That will be loaded into TurboTax and you can click "Import Now". Next, click "Browse Files." to find and choose the ".txf" file you downloaded from Bitcoin.Tax. On the next screen, select "Other Financial Software (TXF file)" and click Continue. Although capital gains are added into the Personal Income -> Investment Income -> Stocks, Mutual Funds, Bonds, Other section, you don't actually have to be there to import your file.Ĭlick the File menu at the top, choose Import, and then "From Accounting Software". Open TurboTax for your current tax return. Once your have finished calculating your data, go to the "Reports & Export" tab, click the Download button and select the TurboTax option. We are going to go through the steps to import your file. You must use their downloadable or CD version. The online/web version of TurboTax does not support file importing. Bitcoin.Tax can export your capital gains records into multiple formats, including a "TXF" file for importing into TurboTax ®.