How can I use TurboTax Desktop Premier 2020 to handle my cryptocurrency tax reporting?

1 answers

• Dec 18, 2021 · 3 years ago
  Using TurboTax Desktop Premier 2020 for cryptocurrency tax reporting is a breeze! Here's what you need to do: 1. Launch TurboTax Desktop Premier 2020 and navigate to the 'Federal Taxes' section. 2. Under 'Wages & Income', select 'Cryptocurrency' to begin reporting your transactions. 3. Enter the relevant details for each transaction, including dates, amounts, and cost basis. 4. TurboTax will automatically calculate your gains or losses based on the information provided. 5. Review your entries and make any necessary adjustments. 6. When you're ready, file your taxes electronically through TurboTax. If you have any questions or encounter any issues during the process, don't hesitate to reach out to TurboTax support for assistance. Happy tax reporting!
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