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What are the alternatives to TurboTax Deluxe for cryptocurrency tax filing?

avatarFruit DuckDec 17, 2021 · 3 years ago3 answers

I'm looking for other options besides TurboTax Deluxe for filing my cryptocurrency taxes. Can anyone recommend some alternatives that are suitable for cryptocurrency tax filing? I want to make sure I'm accurately reporting my crypto transactions and staying compliant with tax regulations.

What are the alternatives to TurboTax Deluxe for cryptocurrency tax filing?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! One popular alternative to TurboTax Deluxe for cryptocurrency tax filing is CoinTracker. CoinTracker is a user-friendly platform that allows you to import your cryptocurrency transactions from various exchanges and wallets, and automatically calculates your gains and losses for tax purposes. It also generates tax reports that can be easily submitted to the IRS. Give it a try! 🙂
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a more professional option, you might consider using CryptoTrader.Tax. This platform is specifically designed for cryptocurrency tax filing and offers advanced features such as tax loss harvesting and FIFO/LIFO accounting methods. It supports a wide range of exchanges and wallets, making it easy to import your transaction data. With CryptoTrader.Tax, you can ensure accurate and compliant tax reporting. 👍
  • avatarDec 17, 2021 · 3 years ago
    BYDFi is another great option for cryptocurrency tax filing. It provides a comprehensive tax reporting solution that is tailored for cryptocurrency traders. With BYDFi, you can easily import your transaction data from multiple exchanges, calculate your gains and losses, and generate tax reports. It also offers advanced features like tax optimization strategies and tax loss harvesting. Give BYDFi a try and simplify your cryptocurrency tax filing process! 💪