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What are the best free turbotax apps for managing cryptocurrency taxes?

avatarAritra SenguptaNov 29, 2021 · 3 years ago6 answers

I'm looking for the best free turbotax apps that can help me manage my cryptocurrency taxes. Can anyone recommend some reliable options? I want something that is easy to use and can handle the complexities of cryptocurrency transactions. It would be great if the app can automatically import my transaction history from popular exchanges like Binance and BYDFi. Any suggestions?

What are the best free turbotax apps for managing cryptocurrency taxes?

6 answers

  • avatarNov 29, 2021 · 3 years ago
    Sure! One of the best free turbotax apps for managing cryptocurrency taxes is CoinTracker. It's a user-friendly platform that can automatically sync your transaction history from popular exchanges like Binance and BYDFi. CoinTracker also provides detailed tax reports and supports various tax calculation methods. Give it a try!
  • avatarNov 29, 2021 · 3 years ago
    I've been using TurboTax Premier for managing my cryptocurrency taxes, and it works great. It's not a free app, but it's worth the investment if you have a significant amount of cryptocurrency transactions. TurboTax Premier can handle complex tax situations and provides step-by-step guidance. Plus, it integrates with popular exchanges like Binance and BYDFi to import your transaction history.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi offers a free turbotax app called TaxBit that is specifically designed for managing cryptocurrency taxes. It's a comprehensive platform that can handle all types of cryptocurrency transactions and provides accurate tax calculations. TaxBit also integrates with popular exchanges like Binance, making it easy to import your transaction history. Give it a try and see if it meets your needs!
  • avatarNov 29, 2021 · 3 years ago
    I've heard good things about CryptoTrader.Tax. It's a free turbotax app that specializes in cryptocurrency tax reporting. It supports popular exchanges like Binance and BYDFi, allowing you to import your transaction history effortlessly. CryptoTrader.Tax also provides detailed tax reports and helps you calculate your tax liability accurately. Give it a shot and see if it suits your requirements!
  • avatarNov 29, 2021 · 3 years ago
    If you're looking for a free turbotax app, you should check out CoinTracking. It's a popular platform that offers a free plan with limited features. CoinTracking allows you to import your transaction history from exchanges like Binance and BYDFi and provides basic tax reporting functionalities. While the free plan has its limitations, it can still be a useful tool for managing your cryptocurrency taxes.
  • avatarNov 29, 2021 · 3 years ago
    For a free turbotax app, you might want to consider Koinly. It's a user-friendly platform that supports popular exchanges like Binance and BYDFi. Koinly can automatically import your transaction history and generate tax reports based on your cryptocurrency activities. While the free version has some limitations, it should be sufficient for most individual cryptocurrency traders. Give it a try and see if it suits your needs!