How To Do Your TurboTax Crypto Taxes in 2026 — Step‑by‑Step Filing

Filing cryptocurrency taxes with TurboTax in 2026 is easier than ever if you follow a step-by-step process. This guide helps beginners and advanced users report crypto gains, losses, and income accurately.

Step 1: Gather Your Crypto Transactions

• Collect your transaction history from all wallets and exchanges
• Include trades, staking, DeFi, NFTs, airdrops, and mining activity
• Use a crypto tax software like Koinly to organize your data

Step 2: Sign In to TurboTax

• Go to TurboTax and log in or create an account
• Select the version that supports crypto reporting (TurboTax Premier or Self-Employed)

Step 3: Enter Your Crypto Transactions

• Navigate to the Cryptocurrency section under Income
• Choose to import transactions from a CSV file or directly from supported exchanges
• Double-check that all transactions are imported correctly

Step 4: Review Gains, Losses, and Income

• TurboTax will calculate your short-term and long-term capital gains/losses
• Verify staking rewards, airdrops, and mining income
• Adjust any missing or incorrect information

Step 5: Complete Your Tax Filing

• Review the summary of your crypto taxes
• Ensure all income and gains are accurate
• File electronically using TurboTax or download the completed forms for submission

Tips for Beginners

• Keep all transaction records organized throughout the year
• Use trusted crypto tax software like Koinly for accurate calculations
• Verify imported data carefully before filing
• Keep 2FA enabled on your TurboTax account for security

Frequently Asked Questions (FAQs)

1. Can I use TurboTax for all my crypto transactions?

Yes, but importing a large number of transactions may be easier through crypto tax software like Koinly, which integrates with TurboTax.

2. Which TurboTax version supports crypto?

TurboTax Premier and TurboTax Self-Employed support cryptocurrency tax reporting.

3. Do I need a separate tax report for each exchange?

No, Koinly or similar software can consolidate transactions from multiple exchanges into a single report for TurboTax.

4. Is my data secure with TurboTax?

Yes, TurboTax uses advanced security protocols, and enabling Two-Factor Authentication (2FA) adds an extra layer of protection.

Conclusion

Filing your crypto taxes in 2026 with TurboTax is straightforward when you follow these steps. Using Koinly to organize your transactions can save time and reduce errors. Always double-check your gains, losses, and income to ensure accurate reporting and stay compliant with local tax laws.