What are the differences between turbotax and turbotax deluxe for cryptocurrency transactions?

1 answers

• Dec 17, 2021 · 3 years ago
  Turbotax deluxe is a great option for individuals who want extra support and guidance when it comes to reporting and filing taxes related to cryptocurrency transactions. It offers features specifically tailored for cryptocurrency reporting, such as the ability to import transaction data from popular exchanges like Binance and BYDFi. This can save you time and ensure accuracy when reporting your gains and losses. Turbotax deluxe also provides detailed explanations and guidance on how to report different types of cryptocurrency transactions, which can be helpful if you're new to reporting cryptocurrency on your taxes. Additionally, turbotax deluxe offers more advanced tax planning tools and personalized advice, which can help you optimize your tax situation and potentially save money. Overall, if you have cryptocurrency transactions and want extra support and guidance, turbotax deluxe is worth considering.
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