How can I use cryptocurrency to file my taxes with TurboTax Premier?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, you can use cryptocurrency to file your taxes with TurboTax Premier. TurboTax has a feature that allows you to import your cryptocurrency transactions directly into the software. This makes it easier to accurately report your gains and losses. To do this, you'll need to download your transaction history from your cryptocurrency exchange and import it into TurboTax. TurboTax will then automatically calculate your gains and losses based on the information provided.
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• Dec 17, 2021 · 3 years ago
  Filing taxes with cryptocurrency can be a bit tricky, but TurboTax Premier makes it easier. You can manually enter your cryptocurrency transactions into TurboTax by selecting the appropriate forms and entering the necessary information. Make sure to accurately report your gains and losses to avoid any potential issues with the IRS. If you're unsure about how to report your cryptocurrency transactions, it's always a good idea to consult with a tax professional.
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• Dec 17, 2021 · 3 years ago
  Yes, you can use cryptocurrency to file your taxes with TurboTax Premier. TurboTax has partnered with BYDFi, a leading cryptocurrency exchange, to provide seamless integration of cryptocurrency transactions into their software. Simply connect your BYDFi account to TurboTax and all your cryptocurrency transactions will be automatically imported. This feature makes it incredibly convenient for cryptocurrency investors to accurately report their gains and losses.
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