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Are there any specific steps to follow when upgrading Turbotax desktop for cryptocurrency tax purposes?

avatarDaniel AndradeDec 17, 2021 · 3 years ago1 answers

I am planning to upgrade my Turbotax desktop software for cryptocurrency tax purposes. Are there any specific steps I need to follow to ensure a smooth upgrade process?

Are there any specific steps to follow when upgrading Turbotax desktop for cryptocurrency tax purposes?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    Upgrading Turbotax desktop for cryptocurrency tax purposes requires a few specific steps. Firstly, it's important to back up your previous tax return data to ensure you don't lose any important information. Then, download the latest version of Turbotax desktop software from the official website. Install the software and follow the instructions to complete the upgrade. Once the upgrade is done, import your previous tax return data into the new version. Finally, review and update your cryptocurrency transactions and other relevant information for accurate tax calculations. If you need any help during the upgrade process, Turbotax support is available to assist you.