TurboTax Crypto

TurboTax Crypto is the crypto tax feature set inside Intuit's TurboTax — the No. 1 US tax preparation product used by tens of millions of American filers each year. The dedicated crypto tax feature launched in 2023 (turbotax.intuit.com/personal-taxes/crypto-taxes), with the crypto engine itself powered by CoinTracker under the hood. The headline tagline on TurboTax's crypto page is "Your crypto taxes done right, guaranteed" with a 4.7/5 customer rating.

TurboTax's positioning in the crypto tax category is unique: rather than building a standalone crypto-specific tax product (like Awaken, Koinly, or CoinTracker), TurboTax integrates CoinTracker's crypto tax engine directly into the broader TurboTax tax-prep product. This means American crypto investors can file their crypto taxes alongside their W-2 income, deductions, and other investments in the same product — no separate crypto-only SaaS, no CSV hand-off to a CPA, no separate Schedule D / Form 8949 import. TurboTax produces the canonical IRS Form 1040 + Form 8949 + Schedule D + Schedule 1 + Schedule C all from the same product.

Per the homepage: "Easily import digital asset exchanges and wallets, including NFTs, to automatically calculate capital gains and losses." Auto-import is supported for Coinbase (Coinbase + Coinbase Pro merged in 2024), Robinhood, and other major US exchanges — plus CSV import for any other exchange, plus the underlying CoinTracker engine which natively connects to 500+ exchanges and wallets. NFTs are explicitly mentioned in the auto-import scope — a meaningful feature as NFT tax reporting becomes mainstream in the US.

TurboTax's product model is the same as for general tax preparation: start for free, pay only when you e-file. The Free Edition ($0 federal + $0 state + $0 to file) covers simple Form 1040 returns only — and crucially, crypto stock sales (Form 1099-B and 1099-DA proceeds) require at minimum the Deluxe tier ($59) or higher (Premium $129 for full investment / rental property support; Self-Employed $209 for self-employed crypto income). For users wanting CPA-done-for-you filing, TurboTax Live Full Service runs $209-$999+ depending on the complexity of their return.

Where TurboTax Crypto dominates the Bitnxt directory is in trust signals. TurboTax is owned by Intuit (parent company, founded 1983, Nasdaq: INTU) — one of the most established financial software companies in the US. TurboTax itself has been filed hundreds of millions of US tax returns since launching in 1984. Intuit offers multiple ironclad guarantees: 100% Accurate Calculations Guarantee, Maximum Refund Guarantee (or your money back), 100% Accurate Expert-Approved Guarantee, Audit Support Guarantee (free one-on-one question-and-answer support with a tax professional in case of IRS audit), and Satisfaction Guaranteed. For US crypto filers, this combination of US-IRS-native filing + brand trust + audit defense is hard to match by standalone crypto tax products.

The trade-off vs standalone crypto tax platforms: TurboTax is US tax preparation software that supports crypto as a category — not a crypto-first product. So crypto power-traders will find Awaken or Koinly more tailored for granular DeFi per-protocol P/L, onchain Solana / Hyperliquid / Sui classification, or international jurisdiction support. For the typical US Coinbase-Robinhood crypto investor who also has W-2 income and wants to file in one place, TurboTax is the right pick — and the IRS's launch of Form 1099-DA (crypto-specific tax form rolling out 2025+) will make TurboTax the dominant crypto tax filing pathway in the US.

TurboTax Crypto brings the CoinTracker crypto tax engine inside the canonical TurboTax US tax-prep product — combining IRS-native filing with crypto-auto-import and decades of audit-grade returns.

Auto-import crypto activity

The headline feature on the TurboTax crypto page is auto-import of crypto activity from connected exchanges and wallets. Per the homepage: "Easily import digital asset exchanges and wallets, including NFTs, to automatically calculate capital gains and losses." Direct API integration is available for Coinbase (Coinbase + Coinbase Pro merged 2024) and Robinhood — and through the underlying CoinTracker engine, TurboTax can auto-import from 500+ additional exchanges and wallets via API.

The platform also auto-imports the IRS's new Form 1099-DA — the crypto-specific tax form rolling out for tax year 2025 — meaning that US filers receiving 1099-DA from Coinbase, Robinhood, or other compliant brokers can have their crypto transactions automatically populated into their TurboTax return.

Automatic capital gains/loss calculation

Once imported, TurboTax automatically calculates capital gains and losses across all imported crypto transactions. Cost-basis methodology (FIFO / LIFO / HIFO / Specific Identification) is configurable, powered by the CoinTracker engine underneath. Per the homepage: "It'll automatically import thousands of transactions and any tax forms you might have to calculate your gains and losses."

NFT import support

NFTs are explicitly listed in the auto-import scope per the homepage — "Easily import digital asset exchanges and wallets, including NFTs." NFT cost basis and sale proceeds are tracked per transaction. For users with active OpenSea / LooksRare / Magic Eden activity, the CoinTracker engine under the hood detects these transactions when EVM wallets are connected.

IRS-native tax reporting (Form 1040 + 8949 + Schedule D + Schedule 1 + Schedule C)

TurboTax produces ALL canonical IRS filings in one product — not just crypto-specific report formats:

• Form 1040 — the canonical US federal individual tax return
• Form 8949 + Schedule D — capital gains & losses (crypto trades, sales, swaps)
• Schedule 1 — additional income (mining rewards, staking income, airdrops, interest)
• Schedule C — self-employed crypto income (freelancers accepting crypto payments or trading crypto as a business)
• Form 1099-DA — auto-import of the new crypto-specific tax form rolling out tax year 2025+

This is a meaningful differentiator vs standalone crypto tax platforms (Awaken, Koinly, CoinTracker, Recap) which produce crypto-specific outputs that still require hand-off to a separate tax prep product for final IRS assembly. With TurboTax, you file once.

TurboTax Expert Assist + Full Service

TurboTax offers two expert support options:

• TurboTax Expert Assist — chat with a TurboTax tax expert live any time you have a question. Pricing on TurboTax online product includes this as an add-on.
• TurboTax Live Full Service ($209-$999+) — a TurboTax tax expert handles your entire return for you, including crypto activity, signing and filing on your behalf. For complex crypto returns, this is the closest thing to a CPA done-for-you experience in a $209 entry price.

TurboTax guarantees

• 100% Accurate Calculations Guarantee — if you pay an IRS penalty or interest due to a TurboTax calculation error, TurboTax pays the penalty and interest (lifetime of return — 7 years)
• Maximum Refund Guarantee — if you get a larger refund or smaller tax due from another tax prep method by filing an amended return, TurboTax refunds the purchase price
• 100% Accurate Expert-Approved Guarantee — if an expert error causes a penalty while acting as a signed preparer, TurboTax pays
• Audit Support Guarantee — free one-on-one Q&A support with a tax professional if you're audited (lifelong guarantee for current tax year; past 2 years for individual non-business)
• Satisfaction Guaranteed — try the product for free; pay only when you e-file or print

Mobile app + cross-platform access

TurboTax Online is available as a native iOS app, Android app, web app, and downloadable desktop software. Filing can be started on mobile and finished on desktop / web. Crypto import is done via web primarily; once imported, the same return can be accessed from any TurboTax Online product (web/desktop/mobile).

Free Edition $0 + Deluxe + Premium + Self-Employed tiering

TurboTax runs the same tiered pricing it uses for general tax preparation. Crypto-active users should be aware of the tier boundaries:

• Free Edition $0 — simple Form 1040 only — does NOT include crypto sales (Form 1099-B / 1099-DA proceeds are categorized as "not part of a simple Form 1040 return") per TurboTax's own disclaimers. Most crypto-active users will need higher tier.
• Deluxe $59 — adds itemized deductions + standard crypto via Form 1099-B/DA import (covers exchange-traded crypto with broker-provided 1099).
• Premium $129 (formerly Premier) — adds stocks, bonds, investment expenses, crypto capital gains in detail, rental property income. Most crypto-active users land here for full investment income coverage.
• Self-Employed $209 — adds Schedule C self-employed income (crypto-as-business income, freelance crypto payments, mining / staking as a trade). For crypto-dealers, miners, and staking operators.
• TurboTax Live Full Service $209-$999+ — CPA-assisted complete filing, depends on return complexity.

Crypto integration with broader US tax workflow

For US filers, TurboTax's strongest single differentiator is the unified return — crypto activity flows into the same Form 1040 as W-2 income, stock sales, rental property, and deductions. This contrasts with crypto-only SaaS products (Awaken, Recap, CoinTracker) where the user generates a crypto-specific PDF / CSV and then still needs a tax prep product (TurboTax or other) for final assembly. With TurboTax Crypto, the entire return is one product.

TurboTax Crypto runs the same tiered pricing TurboTax uses for all US tax preparation: start for free, pay only when you e-file. Crypto activity is supported at all tiers, but the question of HOW detailed the crypto coverage is varies significantly by tier.

TurboTax Free Edition — $0 Federal + $0 State + $0 To File

Free Edition covers only simple Form 1040 returns. Per TurboTax's own disclaimer: "Stock sales (including crypto investments)" is explicitly listed under "Examples of situations not included in a simple Form 1040 return." Roughly 37% of US taxpayers are eligible for Free Edition — but crypto-active filers are almost never in this bucket. Free Edition is best for W-2-only income filers with no crypto + no stock sales + no rental property.

TurboTax Deluxe — $59 Federal (state additional)

Deluxe adds itemized deductions (Schedule A) — useful if you have charitable contributions, medical expenses, mortgage interest, or state/local tax deductions. For crypto filers, Deluxe supports basic crypto capital gains via Form 1099-DA import (for Coinbase, Robinhood, etc.). It does NOT cover full Schedule D from CSV import — that requires Premium tier.

TurboTax Premium (formerly Premier) — $129 Federal

Premium is TurboTax's tier for investment / rental property filers. This is the tier most crypto-active users land in. Includes:

• Stocks, bonds, and other investment income
• Full crypto capital gains — including CSV import from any of 500+ exchanges via CoinTracker engine
• Rental property income and expenses
• Investment expenses andSchedule E
• Form 8949 + Schedule D populated directly from crypto import

TurboTax Self-Employed — $209 Federal

Self-Employed tier is for crypto-as-business income filers: miners, staking operators, freelancers accepting crypto, and crypto traders claiming trader tax status. Adds Schedule C self-employed income reporting. Most crypto power users with significant mining / staking / business income file here.

TurboTax Live Full Service — $209 to $999+ depending on complexity

CPA-assisted Full Service: a TurboTax expert handles your entire return for you, signs and files on your behalf. Price depends on the complexity of the return — $209 starting price for simple Full Service, scaling up based on the number of tax forms / schedules involved (crypto activity adds complexity, especially for mining / staking / DeFi income). This is the closest thing to a CPA done-for-you experience in the Bitnxt crypto tax directory at a $209 entry.

What all tiers include

• Free start — you only pay when you e-file or print
• Auto-import of crypto activity (Coinbase, Robinhood, and 500+ via CoinTracker engine)
• Auto-import of all IRS tax forms (W-2, 1099-INT, 1099-NEC, 1099-B, 1099-DA, etc.)
• 100% Accurate Calculations Guarantee
• Maximum Refund Guarantee
• Audit Support Guarantee
• Satisfaction Guaranteed (no charge until you file)
• Mobile app access (iOS + Android)
• TurboTax Expert Assist available as add-on
• Direct e-file to IRS + state revenue departments

Pricing context

TurboTax Crypto's Premium tier ($129) is more expensive than standalone crypto tax products at the entry tier — Awaken Dolphin starts at $49/year, Bitcoin.Tax Premium starts at $59.95/year — but TurboTax Premium includes far more than crypto specifically: stocks, bonds, rental property, and full Schedule D filing. The value calculation is whether you want crypto-only SaaS (cheaper per crypto transaction) vs. full US tax prep product that handles crypto alongside everything else. For US filers with W-2 income + crypto + maybe stock sales + maybe rental income, TurboTax Premium is hard to beat on net value.

TurboTax Crypto produces all canonical IRS-tax forms directly from imported crypto activity — no separate crypto-specific PDF that needs CPA hand-off.

IRS Form 1040 (canonical US federal return)

TurboTax produces the canonical US federal individual income tax return Form 1040 in one unified filing — covering W-2 income, stock sales, crypto activity, deductions, and any other income sources the filer has.

IRS Form 8949 + Schedule D (capital gains & losses)

Form 8949 is the canonical IRS form for sales/dispositions of capital assets — including crypto. TurboTax populates Form 8949 with each crypto trade, sale, swap, or disposition imported via API (Coinbase / Robinhood) or CSV (via CoinTracker engine). Schedule D then summarizes short-term vs long-term capital gains across all assets. Cost-basis methodology (FIFO, LIFO, HIFO, Specific Identification) is configurable via the underlying CoinTracker engine.

IRS Schedule 1 (additional income — mining, staking, airdrops)

Schedule 1 reports additional income that doesn't fit on Form 1040 itself — including mining rewards, staking income, airdrops, and crypto interest income. TurboTax classifies these and routes them to Schedule 1 automatically when the CoinTracker engine detects the underlying on-chain events.

IRS Schedule C (self-employed crypto income)

Schedule C covers self-employed business income — including crypto miners, staking operators, freelancers accepting crypto payments, and crypto traders claiming trader tax status. TurboTax Self-Employed tier produces Schedule C filings, with mining / staking / freelance income broken down by source.

IRS Form 1099-DA auto-import

For tax year 2025+, the IRS introduces Form 1099-DA — the crypto-specific tax form rolled out by brokers (Coinbase, Robinhood, Gemini, etc.). TurboTax auto-imports 1099-DA from connected brokers, including cost basis and proceeds per transaction, populating Form 8949 automatically. For 1099-DA-eligible US filers, TurboTax is the easiest pathway — IRS form directly imports to IRS form in one TurboTax Online session.

Cost basis + capital gains report

TurboTax's underlying CoinTracker engine produces per-lot cost basis and capital gains calculations across all imported crypto transactions. Cost-basis methodology (FIFO / LIFO / HIFO / Specific Identification) is configurable from your TurboTax interface, with the engine computing gain/loss on each trade. Realized + unrealized gains are separated for tax planning.

Mining / staking / airdrop / DeFi income statement

TurboTax classifies non-trade crypto income streams — mining rewards, staking income, airdrops, DeFi yield — and routes each to the correct IRS line item (Schedule 1 for additional income; Schedule C if treated as business income). Engine detects common on-chain events through the CoinTracker engine integration.

Native US tax preparation — no CSV hand-off to a CPA

The unique TurboTax Crypto value: US filers don't need to manually export their crypto calculation as a CSV and import it into a separate tax prep product. Form 1040 + Form 8949 + Schedule D + Schedule 1 + Schedule C all populate from the same TurboTax session — direct e-file to the IRS, direct audit support, direct Maximum Refund Guarantee. This contrasts with crypto-only platforms (Awaken, Koinly, CoinTracker standalone, Recap, Rotki) which produce crypto-specific outputs but still require separate tax prep software for final IRS filing.