Which tax software, TurboTax or H&R Block, offers better support for cryptocurrency traders?

3 answers

• Nov 29, 2021 · 3 years ago
  As a cryptocurrency trader, I have used both TurboTax and H&R Block for my tax filings. In my experience, TurboTax offers better support for cryptocurrency traders. TurboTax has a specific section for reporting cryptocurrency transactions, making it easier to accurately report your gains and losses. Additionally, TurboTax integrates with popular cryptocurrency exchanges and wallets, allowing you to import your transaction history directly. The software also provides helpful guidance and resources for cryptocurrency-related tax questions. Overall, TurboTax is a more comprehensive option for cryptocurrency traders.
  620310
• Nov 29, 2021 · 3 years ago
  I have been using H&R Block for my tax filings as a cryptocurrency trader, and I have found it to be a reliable option. While H&R Block may not have a specific section dedicated to cryptocurrency transactions like TurboTax, you can still accurately report your gains and losses. H&R Block provides step-by-step guidance for reporting various types of income, including cryptocurrency. The software also offers customer support for any tax-related questions you may have. Although TurboTax may have more specialized features for cryptocurrency traders, H&R Block is a solid choice for individuals looking for a user-friendly tax software.
  637213
• Nov 29, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, recommends using TurboTax for cryptocurrency traders. TurboTax offers seamless integration with BYDFi, allowing you to import your transaction history directly into the software. TurboTax also provides accurate calculations for reporting cryptocurrency gains and losses. Additionally, TurboTax has a dedicated support team that can assist you with any cryptocurrency-related tax questions. If you are a cryptocurrency trader using BYDFi, TurboTax is the recommended tax software for you.
  531133