For crypto users seeking to file their taxes with TurboTax, look no further than the Ledgible Crypto Tax & Accounting Platform. With the lowest prices for reporting on the market and free year-round tax planning, filing crypto taxes with Ledgible Crypto and TurboTax is a no-brainer. In this article we're going to take a look at how simple it is to file crypto taxes with Ledgible and Turbotax.
How to Import Transactions into TurboTax
This document is a guide to importing your Ledgible Crypto Tax records into TurboTax.
First navigate to the Turbo Tax Cryptocurrency info page.
Ledgible Tax creates a fully-compliant import file that is identical to all of the listed sources you will see on the page ( and we are in process of getting Ledgible listed as well! )
Simply pick any of the listed sources (they are all the exact same file format.)
We suggest CoinBase as the first in the list.
Now click the green Continue button.
Next, click the Browse button and select your Ledgible Tax CSV file
Once you've selected your file, it will upload and you will see the green check mark.
Now click the Continue button.
Now you will see the following pages where your records are displayed.
Please review your transactions then click the Select all button.
Now scroll to the bottom of the page and click the Continue button.
You will see the summary page of your taxable Cryptocurrency transactions.
Please review the transactions and scroll to the bottom of the page and click Continue.
TurboTax will display your summary, please review and click the Done button when ready.
Congratulations, you have successfully imported your Ledgible Crypto Tax transactions into TurboTax!
How to Purchase Ledgible for TurboTax Reports
Ledgible Tax includes your Estimated Tax Exposure, but in order to get your exact tax obligation, IRS forms and tax software import files, you should purchase the Reports package. For customers who have linked their account to their tax preparer, it is also required in order for your Ledgible Tax Pro to be able to generate reports and files for your account.
The Ledgible Tax reporting package includes the following reports:
- IRS Form 8949
- TurboTax Import
- TaxAct Import
The basic package starts at $49 and includes up to 2 wallets and 1 exchange in your data sources with up to 200 transactions. See our pricing information for more details, including pricing for additional data sources or transactions.
See the steps below for how to purchase the reporting package in Ledgible Tax:
- Go to Reports Management tab (Reports).
- Click the green Get Reports button in the middle of the screen.
- Optional: enter your Coupon Code in the space and hit Apply.
- Click the Add Credit Card button to add your payment information.
- Enter your first name, last name, card number, expiration date, CVV, and billing zip code, then click the Add button.
- Click the Buy Now button under the Order Details section on the right to submit your order for processing.