How can I convert my turbotax deluxe to a cryptocurrency tax software?

1 answers

• Nov 29, 2021 · 3 years ago
  At BYDFi, we understand the need for a smooth transition from turbotax deluxe to a cryptocurrency tax software. While we don't offer tax software ourselves, we can provide some guidance on the conversion process. First, you'll need to choose a cryptocurrency tax software that aligns with your requirements. There are several reputable options available, such as CoinTracking, CryptoTrader.Tax, and TokenTax. Once you've selected a software, you'll need to create an account and import your turbotax deluxe data. Most software options offer an import feature that allows you to easily transfer your tax information. After importing the data, the software will automatically calculate your cryptocurrency tax liabilities based on the provided information. It's important to review the calculated liabilities and make any necessary adjustments before filing your taxes. Remember to consult the software's documentation or reach out to their support team for specific instructions on the conversion process.
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