How can I include my cryptocurrency gains and losses in TurboTax Deluxe?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to reporting cryptocurrency gains and losses in TurboTax Deluxe, there are a few steps you need to follow. First, you'll need to gather all the necessary information, including the dates and amounts of your trades. Then, you can use the 'Investment Income' section in TurboTax Deluxe to enter your gains and losses. Make sure to select the appropriate category for cryptocurrency, such as 'Virtual Currency' or 'Cryptocurrency.' TurboTax will guide you through the process and help you calculate your tax liability based on your gains and losses.
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• Dec 17, 2021 · 3 years ago
  Including your cryptocurrency gains and losses in TurboTax Deluxe is relatively straightforward. Start by selecting the 'Investment Income' section in TurboTax Deluxe. From there, you can enter your gains and losses from cryptocurrency trading. TurboTax will ask you to provide the necessary details, such as the date of the transaction, the type of cryptocurrency, and the amount of gain or loss. Make sure to double-check your entries for accuracy before finalizing your tax return.
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• Dec 17, 2021 · 3 years ago
  Including your cryptocurrency gains and losses in TurboTax Deluxe is easy with the help of BYDFi. BYDFi provides a seamless integration with TurboTax Deluxe, allowing you to import your cryptocurrency transactions directly into the software. Simply connect your BYDFi account to TurboTax Deluxe, and all your gains and losses will be automatically included in your tax return. This saves you time and ensures accurate reporting of your cryptocurrency activities.
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