What are the best TurboTax plans for cryptocurrency investors?

3 answers

• Mar 15, 2022 · 3 years ago
  As a cryptocurrency investor, it's important to choose the right TurboTax plan to ensure accurate tax filing. TurboTax Premier is a popular choice among cryptocurrency investors as it supports reporting for various investment income, including cryptocurrency gains and losses. With TurboTax Premier, you can easily import your cryptocurrency transaction history and calculate your capital gains or losses. It also provides guidance on reporting crypto-related income and deductions. Additionally, TurboTax Live Premier offers live assistance from tax experts, which can be helpful if you have specific questions or complex situations related to your crypto investments.
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• Mar 15, 2022 · 3 years ago
  When it comes to TurboTax plans for cryptocurrency investors, TurboTax Self-Employed is another option worth considering. This plan is suitable for individuals who are actively involved in cryptocurrency trading or mining as it provides guidance on reporting self-employment income and expenses. It can help you accurately report your crypto-related income, deductions, and expenses associated with your mining activities. TurboTax Self-Employed also offers features like expense tracking and mileage deductions, which can be beneficial for cryptocurrency investors who engage in mining or other self-employment activities.
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• Mar 15, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends TurboTax Premier for cryptocurrency investors. With TurboTax Premier, you can easily handle your crypto tax reporting and ensure compliance with tax regulations. It supports reporting for various types of investment income, including cryptocurrency gains and losses. TurboTax Premier also provides step-by-step guidance and offers expert assistance to help you navigate through the complexities of crypto tax reporting. Whether you're a beginner or an experienced investor, TurboTax Premier can simplify the tax filing process for cryptocurrency investors.
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