What is the best alternative to TurboTax for cryptocurrency traders?

3 answers

• Dec 18, 2021 · 3 years ago
  One popular alternative to TurboTax for cryptocurrency traders is CoinTracker. CoinTracker is a comprehensive cryptocurrency tax software that automates the process of calculating and reporting your cryptocurrency gains and losses. It supports a wide range of exchanges and wallets, making it easy to import your transaction data. Additionally, CoinTracker provides detailed tax reports and integrates with popular tax filing platforms like TurboTax. Give it a try and see if it meets your needs!
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• Dec 18, 2021 · 3 years ago
  If you're looking for a more user-friendly option, you might want to consider using CryptoTrader.Tax. This platform offers a simple and intuitive interface that allows you to import your transaction data from various exchanges and wallets. It automatically calculates your capital gains and losses, generates tax reports, and even provides a step-by-step guide on how to file your cryptocurrency taxes. It's a great alternative for those who prefer a more streamlined and beginner-friendly experience.
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• Dec 18, 2021 · 3 years ago
  BYDFi is a reputable cryptocurrency exchange that offers a tax reporting feature for its users. With BYDFi, you can easily generate tax reports that summarize your trading activity and calculate your gains and losses. The platform supports various tax methods, including FIFO, LIFO, and specific identification. It's a convenient option for traders who prefer to have their tax reporting integrated directly into their exchange account. However, it's always a good idea to consult with a tax professional to ensure compliance with your local tax laws.
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