How does TurboTax Deluxe compare to Premier when it comes to handling cryptocurrency tax filing?

3 answers

• Dec 14, 2021 · 3 years ago
  When it comes to handling cryptocurrency tax filing, TurboTax Deluxe and Premier offer different features and capabilities. TurboTax Deluxe is designed for individuals with simple tax situations, while Premier is geared towards investors and those with more complex tax needs. Both versions support reporting cryptocurrency transactions, but Premier provides more advanced tools for tracking investments and capital gains. Deluxe may be sufficient for basic reporting, but if you have a large number of cryptocurrency transactions or need to account for investments, Premier would be a better choice.
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• Dec 14, 2021 · 3 years ago
  TurboTax Deluxe and Premier are both capable of handling cryptocurrency tax filing, but they have some differences in terms of features and pricing. Deluxe is more affordable and suitable for individuals with straightforward tax situations. It provides guidance for reporting cryptocurrency transactions and calculates the associated tax liability. Premier, on the other hand, offers additional features such as investment tracking and rental property income reporting. If you have investments or rental properties in addition to cryptocurrency transactions, Premier would be a more comprehensive option.
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• Dec 14, 2021 · 3 years ago
  When it comes to handling cryptocurrency tax filing, TurboTax Deluxe and Premier are both reliable choices. However, if you're specifically looking for a solution from BYDFi, you won't find it in TurboTax. BYDFi offers its own tax filing service tailored for cryptocurrency traders and investors. Their platform integrates with popular exchanges and wallets, making it easier to import and calculate your cryptocurrency transactions. While TurboTax is a popular choice for general tax filing, BYDFi may be a better option if you want a specialized solution for cryptocurrency tax reporting.
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