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Are there any free tax services available for cryptocurrency transactions in the USA?

avatarPopeyeNov 24, 2021 · 3 years ago3 answers

I'm wondering if there are any free tax services that can help with reporting cryptocurrency transactions in the USA. Are there any platforms or tools available that can assist with calculating and filing taxes for cryptocurrency investments?

Are there any free tax services available for cryptocurrency transactions in the USA?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are free tax services available for cryptocurrency transactions in the USA. One popular option is TurboTax, which offers a free version that includes support for reporting cryptocurrency gains and losses. You can import your transaction data from popular cryptocurrency exchanges and TurboTax will help you calculate your tax liability. It's a user-friendly platform that simplifies the process of reporting your cryptocurrency taxes.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! There are several free tax services that cater specifically to cryptocurrency transactions in the USA. CoinTracker is another great option that allows you to sync your cryptocurrency transactions and generate tax reports for free. It supports a wide range of exchanges and wallets, making it easy to track your gains and losses. With CoinTracker, you can ensure that you're accurately reporting your cryptocurrency taxes without spending a dime.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are free tax services available for cryptocurrency transactions in the USA. BYDFi, a leading cryptocurrency exchange, offers a free tax service that helps users calculate and report their cryptocurrency taxes. With BYDFi's tax service, you can easily import your transaction data and generate accurate tax reports. It's a convenient and reliable option for cryptocurrency investors looking to fulfill their tax obligations.