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How can I use free turbotax software to calculate my capital gains from cryptocurrency investments?

avatarTRUE MichaelsenDec 20, 2021 · 3 years ago3 answers

I've been investing in cryptocurrencies and I want to calculate my capital gains for tax purposes. I heard that TurboTax software can help with this, but I'm not sure how to use it. Can someone explain how to use the free TurboTax software to calculate capital gains from cryptocurrency investments?

How can I use free turbotax software to calculate my capital gains from cryptocurrency investments?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    No worries, mate! TurboTax's free software makes calculating capital gains from cryptocurrency investments a piece of cake. Just download and install the software, then fire it up. Create a new tax return and choose the investment income option. Enter your cryptocurrency transactions, including the purchase date, amount invested, and sale date. TurboTax will crunch the numbers for you and spit out the necessary tax forms. Easy peasy, lemon squeezy! Just make sure you've got all your transaction details handy, and you'll be on your way to calculating your capital gains like a pro.
  • avatarDec 20, 2021 · 3 years ago
    Looking to calculate your capital gains from cryptocurrency investments? TurboTax's free software has got you covered! Simply download and install the software, then fire it up. Create a new tax return and select the investment income option. Enter your cryptocurrency transactions, including the purchase date, amount invested, and sale date. TurboTax will take care of the rest, crunching the numbers and providing you with the accurate capital gains calculation you need. It's a reliable tool that can make tax season a little less stressful.
  • avatarDec 20, 2021 · 3 years ago
    Looking for a hassle-free way to calculate your capital gains from cryptocurrency investments? TurboTax's free software is the answer. Download and install the software, then fire it up. Create a new tax return and select the investment income option. Enter your cryptocurrency transactions, including the purchase date, amount invested, and sale date. TurboTax will take care of the calculations, ensuring accurate reporting of your capital gains. It's a time-saving tool that can simplify tax season for cryptocurrency investors.