Which cryptocurrency tax software is recommended instead of TurboTax Premier?

3 answers

• Dec 17, 2021 · 3 years ago
  One highly recommended cryptocurrency tax software that you can consider instead of TurboTax Premier is CoinTracker. It offers a comprehensive solution for tracking, calculating, and reporting your cryptocurrency taxes. CoinTracker integrates with popular exchanges and wallets, making it easy to import your transaction data. It also provides features like tax-loss harvesting and automatic tax form generation, which can save you time and help optimize your tax liabilities. Give CoinTracker a try for a hassle-free tax season!
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• Dec 17, 2021 · 3 years ago
  If you're looking for a user-friendly alternative to TurboTax Premier for cryptocurrency taxes, you might want to check out CryptoTrader.Tax. It simplifies the process of calculating your crypto gains and losses by automatically importing your transaction data from exchanges and wallets. CryptoTrader.Tax supports various tax reporting methods, including FIFO, LIFO, and specific identification. It also generates tax forms like Form 8949 and Schedule D, which are commonly required for reporting cryptocurrency transactions. With its intuitive interface and robust features, CryptoTrader.Tax can be a great choice for managing your crypto taxes effectively.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers its own tax software specifically designed for crypto traders. It provides a seamless integration with BYDFi's trading platform, allowing you to import your transaction history effortlessly. The software automatically calculates your gains and losses, generates tax reports, and even offers tax optimization strategies. With BYDFi's tax software, you can ensure accurate and compliant tax reporting while taking advantage of the platform's advanced trading features. Consider giving BYDFi's tax software a try if you're an active trader on their exchange.
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