What are the alternatives to TurboTax for filing cryptocurrency taxes?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure, there are several alternatives to TurboTax for filing cryptocurrency taxes. One popular option is CoinTracker. CoinTracker is a user-friendly platform that helps you calculate your cryptocurrency taxes and generate tax reports. It supports a wide range of exchanges and wallets, making it easy to import your transaction data. Another option is CryptoTrader.Tax, which offers a simple and intuitive interface for calculating your crypto taxes. It also provides detailed tax reports that you can use when filing your taxes. Both CoinTracker and CryptoTrader.Tax are reliable options that can help simplify the process of reporting your cryptocurrency gains and losses.
  673337
• Dec 19, 2021 · 3 years ago
  If you're looking for a free alternative, you can consider using a tool like Bitcoin.Tax. Bitcoin.Tax allows you to import your transaction data from various exchanges and wallets and generates tax reports based on your transactions. While it may not have all the bells and whistles of paid options, it can still provide you with the necessary information to file your cryptocurrency taxes. Another free option is the IRS's own cryptocurrency tax guidance. The IRS provides detailed instructions on how to report your cryptocurrency transactions on your tax return. However, keep in mind that using the IRS guidance may require more manual work compared to using dedicated tax software.
  686229
• Dec 19, 2021 · 3 years ago
  BYDFi is another option worth considering. BYDFi is a digital asset exchange that offers a built-in tax reporting feature. It automatically tracks your cryptocurrency transactions and generates tax reports for you. This can save you time and effort when it comes to filing your cryptocurrency taxes. However, it's important to note that BYDFi is just one of the many options available, and it's always a good idea to explore different alternatives and choose the one that best fits your needs.
  493124