How does TurboTax Deluxe compare to Premier when it comes to handling digital currency transactions?

3 answers

• Nov 23, 2021 · 3 years ago
  TurboTax Deluxe and TurboTax Premier are both popular tax preparation software options, but they have some differences when it comes to handling digital currency transactions. TurboTax Deluxe is designed for individuals who have basic tax needs, while TurboTax Premier is geared towards investors and individuals with more complex tax situations. In terms of handling digital currency transactions, TurboTax Premier offers more advanced features and guidance compared to TurboTax Deluxe. It provides additional support for reporting capital gains and losses from digital currency investments, as well as guidance on how to handle mining income and expenses. If you frequently engage in digital currency transactions and have more complex tax needs, TurboTax Premier would be the more suitable option for you.
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• Nov 23, 2021 · 3 years ago
  When it comes to handling digital currency transactions, TurboTax Deluxe and TurboTax Premier have some differences. TurboTax Deluxe is a more basic version of the software, suitable for individuals with simpler tax situations. It may not provide as much guidance or support specifically tailored to digital currency transactions compared to TurboTax Premier. On the other hand, TurboTax Premier is designed for investors and individuals with more complex tax needs. It offers additional features and support for reporting capital gains and losses from digital currency investments, as well as guidance on mining income and expenses. If you frequently engage in digital currency transactions and have a more complex tax situation, TurboTax Premier would be the better choice for you.
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• Nov 23, 2021 · 3 years ago
  When it comes to handling digital currency transactions, TurboTax Deluxe and TurboTax Premier offer different levels of support. TurboTax Deluxe is a popular choice for individuals with basic tax needs, but it may not provide as much guidance or advanced features specifically for digital currency transactions compared to TurboTax Premier. On the other hand, TurboTax Premier is designed for investors and individuals with more complex tax situations. It offers additional support for reporting capital gains and losses from digital currency investments, as well as guidance on mining income and expenses. If you frequently engage in digital currency transactions and want more comprehensive support, TurboTax Premier would be the recommended option for you. Please note that this answer is provided from a third-party perspective and does not represent the views of BYDFi.
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