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How can I switch from TurboTax Deluxe to a cryptocurrency tax software for free?

avatarFabio03Dec 16, 2021 · 3 years ago3 answers

I have been using TurboTax Deluxe for my tax filing, but now I want to switch to a cryptocurrency tax software for free. How can I make this switch and ensure that I am accurately reporting my cryptocurrency transactions?

How can I switch from TurboTax Deluxe to a cryptocurrency tax software for free?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One option to switch from TurboTax Deluxe to a cryptocurrency tax software for free is to use a platform like CoinTracker. CoinTracker offers a free plan that allows you to track and calculate your cryptocurrency taxes. You can import your transactions from TurboTax Deluxe into CoinTracker and it will automatically calculate your tax liability based on the information provided. This way, you can ensure that you are accurately reporting your cryptocurrency transactions without incurring any additional costs.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a free alternative to TurboTax Deluxe for cryptocurrency tax filing, you can also consider using a platform like CryptoTrader.Tax. CryptoTrader.Tax offers a free plan that allows you to import your transactions from TurboTax Deluxe and generate your cryptocurrency tax reports. It provides a user-friendly interface and supports various tax calculation methods to ensure accurate reporting of your cryptocurrency transactions.
  • avatarDec 16, 2021 · 3 years ago
    Another option to switch from TurboTax Deluxe to a cryptocurrency tax software for free is to use BYDFi's tax software. BYDFi offers a free plan that allows you to import your transactions from TurboTax Deluxe and generate your cryptocurrency tax reports. Their software is specifically designed for cryptocurrency tax reporting and provides comprehensive features to ensure accurate calculations. With BYDFi, you can easily make the switch and ensure that you are meeting your tax obligations without any additional expenses.