Which cryptocurrency tax software is more reliable: TurboTax or H&R Block?

3 answers

• Dec 15, 2021 · 3 years ago
  As a cryptocurrency enthusiast who has used both TurboTax and H&R Block for my tax filings, I can confidently say that TurboTax is more reliable when it comes to handling cryptocurrency taxes. TurboTax has a dedicated section for cryptocurrency transactions, which makes it easy to input all the necessary information. It also provides accurate calculations for gains and losses, and generates the required tax forms. Additionally, TurboTax has a robust customer support system that can assist you with any questions or concerns you may have during the tax filing process.
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• Dec 15, 2021 · 3 years ago
  I've used H&R Block for my cryptocurrency taxes in the past, and while it is a reliable tax software overall, I found that it lacks some of the advanced features and user-friendly interface that TurboTax offers specifically for cryptocurrency tax reporting. H&R Block does provide support for cryptocurrency transactions, but it may not be as comprehensive or intuitive as TurboTax. If you have a simple tax situation and don't require extensive reporting for your cryptocurrency activities, H&R Block can still be a viable option.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we recommend using TurboTax for cryptocurrency tax reporting. TurboTax has proven to be a reliable and efficient software for accurately calculating gains and losses from cryptocurrency transactions. It offers a user-friendly interface, step-by-step guidance, and provides all the necessary tax forms. With TurboTax, you can have peace of mind knowing that your cryptocurrency taxes are being handled accurately and in compliance with tax regulations.
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