Cherlyn BancudDec 19, 2021 · 3 years ago7 answers Which tax software, TurboTax or TaxAct, is better suited for reporting cryptocurrency transactions?
When it comes to reporting cryptocurrency transactions, which tax software, TurboTax or TaxAct, is more suitable? I am looking for a software that can accurately calculate my gains and losses from cryptocurrency trading and provide the necessary forms for tax filing. I want to make sure that the software is user-friendly and can handle the complexities of cryptocurrency taxation. Can anyone provide insights on the strengths and weaknesses of TurboTax and TaxAct in this regard?