How to Use Ledgible with TaxAct to File Crypto Taxes

April 8, 2022
Knowledge Center » Blog » How to Use Ledgible with TaxAct to File Crypto Taxes

To import your cryptocurrency tax information into TaxAct, just follow this guide and have your crypto taxes completed in as little as 20 minutes with Ledgible.

1. Navigating to the correct screen in TaxAct

After logging into TaxAct, navigate using the left hand menu to the Investment Income - Stock Data Import page by selecting Federal -> Income -> Investment Income -> Gain or Loss on the Sale of Investments -> Stock Data Import

Your screen should look like this:

Screen_Shot_2020-07-06_at_1.53.31_PM.png

2. Click the Green CSV Import button:

Then Browse and select the Ledgible Tax report you downloaded and click the green continue button.

Screen_Shot_2020-07-06_at_1.53.48_PM.png

TaxAct will bring up a CSV import screen that shows the data with the TaxAct column names and the current Ledgible Tax column names - A few clicks and it will match perfectly!

Screen_Shot_2020-07-06_at_1.55.06_PM.png

Simply click on the following columns and change the choice to the following:

Column1 -> Additional Description
Column2 -> Description
Column3 -> Date Acquired
Column8 -> Long/ShortSelect all rows except the Header row and import

That's it! Now click the green continue button.

Screen_Shot_2020-07-06_at_1.56.48_PM.png

3. Import Crypto Transactions into TaxAct

Next click the checkbox to the left of the word Import and it will select all the rows except the header row, which is exactly what we want.

Next click the blue OK buttonScreen_Shot_2020-07-06_at_1.58.01_PM.png

and next click the green OK button.

Screen_Shot_2020-07-06_at_1.58.23_PM.png

Now the green Continue button and next the green Import button.

Screen_Shot_2020-07-06_at_1.58.35_PM.png

and finally the blue Ok button.

Screen_Shot_2020-07-06_at_1.58.51_PM.png

4. Your crypto taxes are done!

That's it - you're done and can close and continue, having imported your Ledgible Cryptocurrency Tax records into TaxAct!

Screen_Shot_2020-07-06_at_1.59.02_PM.png

Explore more of Ledgible help and support articles on our knowledge base, here.

About Trevor English

Trevor is a technology journalist & engineer who has made a career out of engineering and technical communication. His work has appeared on Curiosity, BBC, Interesting Engineering and other sites across the web. Originally the Chief editor for Interesting Engineering back in 2016, he now works with software & tech companies, aiding them in content marketing and technical communication. Currently living in Texas, he’s also a published children’s book author and producer for the YouTube channel Concerning Reality.

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