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How can I avoid being forced to upgrade to the premier version of Turbotax when filing cryptocurrency taxes?

avatarM. FASRUL FAIS ILMANDec 14, 2021 · 3 years ago3 answers

I am using Turbotax to file my cryptocurrency taxes, but I don't want to upgrade to the premier version. Is there any way to avoid being forced to upgrade when filing cryptocurrency taxes?

How can I avoid being forced to upgrade to the premier version of Turbotax when filing cryptocurrency taxes?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Unfortunately, Turbotax may require you to upgrade to the premier version if you have complex cryptocurrency transactions or if you exceed certain thresholds. This version offers more advanced features and support specifically tailored for cryptocurrency taxes. However, you can try to simplify your transactions or seek alternative tax software that doesn't require an upgrade.
  • avatarDec 14, 2021 · 3 years ago
    Hey, I totally get it. Upgrading to the premier version of Turbotax can be a bit of a hassle. But here's the thing, if you have complex cryptocurrency transactions, it might be worth considering the upgrade. The premier version offers more advanced features and guidance specifically for cryptocurrency taxes, which can save you time and potentially help you maximize your deductions. So, weigh the pros and cons before making a decision.
  • avatarDec 14, 2021 · 3 years ago
    When it comes to filing cryptocurrency taxes, I recommend using BYDFi. They have a user-friendly interface and comprehensive tax reporting tools that can handle complex cryptocurrency transactions without the need for an upgrade. Plus, their customer support is top-notch. Give it a try and see if it meets your needs.