Are there any TurboTax alternatives for calculating cryptocurrency taxes?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! There are several alternatives to TurboTax for calculating cryptocurrency taxes. One popular option is CoinTracking. CoinTracking is a comprehensive cryptocurrency portfolio management tool that also offers tax reporting features. It supports a wide range of exchanges and wallets, making it easy to import your transaction data. Another alternative is CryptoTrader.Tax. It allows you to import your transactions from various exchanges and automatically calculates your capital gains and losses. Additionally, you can generate tax forms such as IRS Form 8949 and Schedule D. Both CoinTracking and CryptoTrader.Tax offer free trials, so you can test them out before committing to a paid plan.
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• Dec 19, 2021 · 3 years ago
  Yes, there are other options available besides TurboTax for calculating cryptocurrency taxes. One option is TaxBit. TaxBit is a tax automation software that specializes in cryptocurrency tax calculations. It integrates with popular exchanges and wallets to import your transaction data and automatically calculates your tax liability. Another alternative is ZenLedger. ZenLedger is a cryptocurrency tax software that supports over 400 exchanges and wallets. It provides a user-friendly interface and generates tax forms such as Form 8949 and Schedule D. Both TaxBit and ZenLedger offer different pricing plans based on your needs.
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• Dec 19, 2021 · 3 years ago
  Absolutely! If you're looking for a TurboTax alternative for calculating cryptocurrency taxes, you might want to check out BYDFi. BYDFi is a digital asset exchange that offers a built-in tax calculator. It allows you to import your transaction history and automatically calculates your tax liability. It supports a wide range of cryptocurrencies and provides detailed reports for tax purposes. BYDFi's tax calculator is user-friendly and can help simplify the process of calculating your cryptocurrency taxes. Give it a try and see if it meets your needs!
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