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What are the recommended turbotax versions for filing taxes on bitcoin investments?

avatarCassie BrightJan 08, 2022 · 3 years ago3 answers

I am looking for recommendations on which turbotax versions are best suited for filing taxes on bitcoin investments. Can anyone suggest the most suitable turbotax versions for this purpose?

What are the recommended turbotax versions for filing taxes on bitcoin investments?
Bitcoin
Taxes
Turbotax

3 answers

  • avatarJan 08, 2022 · 3 years ago
    As a tax professional, I recommend using TurboTax Premier or TurboTax Self-Employed for filing taxes on bitcoin investments. These versions provide specific guidance and support for reporting cryptocurrency transactions and calculating capital gains or losses. It's important to accurately report your bitcoin investments to ensure compliance with tax regulations.
  • avatarJan 08, 2022 · 3 years ago
    When it comes to filing taxes on bitcoin investments, TurboTax Deluxe is a popular choice among individual investors. It offers step-by-step guidance and covers various investment income, including cryptocurrency. Make sure to keep track of your bitcoin transactions and consult with a tax advisor if needed.
  • avatarJan 08, 2022 · 3 years ago
    Based on my experience, I have found that BYDFi offers a comprehensive tax reporting feature for bitcoin investments. Their platform integrates seamlessly with TurboTax, making it easier to import your cryptocurrency transactions and generate accurate tax reports. Consider using BYDFi for a hassle-free tax filing process.

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