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What is the best way to transfer cryptocurrency holdings from Robinhood to TurboTax?

avatartim strongDec 18, 2021 · 3 years ago1 answers

I need to transfer my cryptocurrency holdings from Robinhood to TurboTax. What is the most efficient and secure method to do this transfer? I want to make sure that all my transactions and tax information are accurately reflected in TurboTax. Can you provide step-by-step instructions on how to transfer cryptocurrency holdings from Robinhood to TurboTax?

What is the best way to transfer cryptocurrency holdings from Robinhood to TurboTax?
Cryptocurrency
Robinhood
TurboTax

1 answers

  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we recommend the following steps to transfer your cryptocurrency holdings from Robinhood to TurboTax: 1. Log in to your Robinhood account and navigate to the 'Account' section. 2. Click on 'History' and select 'Crypto' from the drop-down menu. 3. Click on 'Export' and choose the desired date range for your transaction history. 4. Save the exported file to your computer. 5. Open TurboTax and navigate to the 'Federal' section. 6. Click on 'Wages & Income' and select 'Cryptocurrency'. 7. Follow the prompts to import your transaction history file. Following these steps will ensure that your cryptocurrency transactions are accurately transferred from Robinhood to TurboTax for tax reporting purposes.

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