What is the best version of turbotax for cryptocurrency traders?

3 answers

• Mar 06, 2022 · 3 years ago
  If you're a cryptocurrency trader, you'll want to use the TurboTax Premier version. This version is specifically designed for investors and traders, making it the best choice for handling cryptocurrency transactions. It provides guidance on reporting capital gains and losses, as well as other investment income. With TurboTax Premier, you can easily import your cryptocurrency transaction data and accurately calculate your tax liability.
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• Mar 06, 2022 · 3 years ago
  When it comes to turbotax for cryptocurrency traders, the TurboTax Self-Employed version is often recommended. This version is suitable for individuals who engage in cryptocurrency trading as a business or self-employment activity. It offers additional features for tracking business expenses and deductions related to cryptocurrency trading. With TurboTax Self-Employed, you can maximize your tax deductions and ensure compliance with tax laws.
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• Mar 06, 2022 · 3 years ago
  At BYDFi, we recommend using TurboTax Premier for cryptocurrency traders. It is the most comprehensive version for handling cryptocurrency transactions and provides step-by-step guidance throughout the tax filing process. With TurboTax Premier, you can easily import your cryptocurrency transaction data from exchanges and wallets, ensuring accurate reporting of capital gains and losses. It also offers additional features for reporting investment income and deductions related to cryptocurrency trading.
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