Questions tagged [turbotax.com]

1,000+ questions

Maria JDec 16, 2021 · 3 years ago5 answers
Can TurboTax handle complex cryptocurrency transactions and tax scenarios?
I am wondering if TurboTax is capable of handling complex cryptocurrency transactions and tax scenarios. Can it accurately calculate the taxes for transactions involving multiple cryptocurrencies, ICOs, staking rewards, and other advanced features? I want to make sure that I can rely on TurboTax to handle all the complexities of my cryptocurrency taxes.
Cryptocurrency
TurboTax
Tax Scenarios
greenwolfDec 16, 2021 · 3 years ago3 answers
What are the common adjustment codes for cryptocurrency transactions on TurboTax form 8949?
Can you provide a list of the most common adjustment codes for cryptocurrency transactions on TurboTax form 8949? I want to make sure I am reporting my cryptocurrency transactions correctly on my tax return.
Cryptocurrency
TurboTax
Tax Return
mr_goofy1669Dec 16, 2021 · 3 years ago7 answers
What are the common turbotax calculation errors in the cryptocurrency industry?
What are some common mistakes made when using TurboTax to calculate taxes in the cryptocurrency industry?
Cryptocurrency
TurboTax
Tax Calculation
Sotiris KonstantisDec 16, 2021 · 3 years ago9 answers
What are the common troubleshooting issues with TurboTax for cryptocurrency transactions?
What are some common problems that users may encounter when using TurboTax for cryptocurrency transactions?
Cryptocurrency
TurboTax
Troubleshooting
tim strongDec 16, 2021 · 3 years ago8 answers
How does Turbotax Premier compare to the self-employed version when it comes to reporting cryptocurrency earnings?
When it comes to reporting cryptocurrency earnings, how does Turbotax Premier differ from the self-employed version? What are the specific features and functionalities that set them apart? How do they handle different types of cryptocurrency income and transactions? Are there any limitations or restrictions in either version when it comes to reporting cryptocurrency earnings? Which version would be more suitable for someone who earns income from various cryptocurrency sources?
Cryptocurrency
Turbotax Premier
Self-employed Version
NsuhaDec 16, 2021 · 3 years ago5 answers
How does TurboTax online compare to the downloadable version for cryptocurrency tax preparation?
When it comes to preparing cryptocurrency taxes, what are the differences between TurboTax online and the downloadable version?
Cryptocurrency
TurboTax
Tax Preparation
Alexander XieDec 16, 2021 · 3 years ago8 answers
What are the common mistakes to avoid when using TurboTax to report cryptocurrency transactions with Form 1099-B?
What are some common mistakes that people should avoid when using TurboTax to report their cryptocurrency transactions with Form 1099-B?
Cryptocurrency
TurboTax
Form 1099-B
RTR 155Dec 16, 2021 · 3 years ago6 answers
What are some common mistakes to avoid when using turbotax form 8949 for reporting cryptocurrency transactions?
What are some common mistakes that people should avoid when using turbotax form 8949 to report their cryptocurrency transactions?
Cryptocurrency
Turbotax
Form 8949
codefreakDec 16, 2021 · 3 years ago5 answers
How does downloading TurboTax software compare to using the online version when it comes to filing taxes for cryptocurrency transactions?
What are the differences between downloading TurboTax software and using the online version when it comes to filing taxes for cryptocurrency transactions?
Cryptocurrency
TurboTax
Tax Filing
Shields KragelundDec 16, 2021 · 3 years ago0 answers
Is ISO TurboTax compatible with popular cryptocurrency exchanges?
I'm wondering if ISO TurboTax can be used with popular cryptocurrency exchanges. Can I import my transaction history from exchanges like Binance and BYDFi into TurboTax for tax purposes?
Cryptocurrency
TurboTax
Tax
Greenwood VargasDec 16, 2021 · 3 years ago3 answers
What are the common issues with using TurboTax for reporting cryptocurrency transactions?
What are some common problems that people encounter when using TurboTax to report their cryptocurrency transactions?
Cryptocurrency
TurboTax
Tax Reporting
Sarah StricklerDec 16, 2021 · 3 years ago1 answers
What are the common issues with TurboTax when reporting cryptocurrency transactions?
When using TurboTax to report cryptocurrency transactions, what are some common issues that users may encounter?
Cryptocurrency
TurboTax
Tax Reporting
Daniel SmółkaDec 16, 2021 · 3 years ago8 answers
What are the common mistakes to avoid when filing a 1099 form for cryptocurrency on TurboTax?
What are some common mistakes that people should avoid when filing a 1099 form for cryptocurrency on TurboTax?
Cryptocurrency
TurboTax
1099 Form
DreamingInCodeDec 16, 2021 · 3 years ago3 answers
Can turbotax online handle complex cryptocurrency tax scenarios better than the downloadable version?
Can the online version of turbotax effectively handle complex cryptocurrency tax scenarios compared to the downloadable version? I am wondering if the online version has all the necessary features and capabilities to accurately calculate and report cryptocurrency transactions, especially in more complicated situations such as multiple exchanges, airdrops, staking rewards, and decentralized finance (DeFi) activities. Can it handle various types of tokens and accurately calculate gains and losses? How does it compare to the downloadable version in terms of functionality and ease of use?
Cryptocurrency
Turbotax Online
Downloadable Version
Dima47714Dec 16, 2021 · 3 years ago5 answers
What are the common mistakes to avoid when reporting cryptocurrency gains and losses on Form 8949 using TurboTax?
What are some common mistakes that people should avoid when using TurboTax to report their cryptocurrency gains and losses on Form 8949?
Cryptocurrency
TurboTax
Form 8949

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