Which version, TurboTax Deluxe or Premier, is recommended for cryptocurrency traders and investors?

3 answers

• Dec 17, 2021 · 3 years ago
  As a cryptocurrency trader and investor, it is important to choose the right tax software to accurately report your transactions and comply with tax regulations. TurboTax Deluxe is a good option for individuals with straightforward tax situations, while TurboTax Premier is designed for those with more complex investments, including cryptocurrency. The Premier version offers additional features such as guidance on reporting gains and losses from investments, rental properties, and stock options. If you are actively trading cryptocurrencies and have multiple investments, TurboTax Premier would be the recommended choice to ensure comprehensive tax reporting.
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• Dec 17, 2021 · 3 years ago
  Hey there, fellow crypto enthusiast! When it comes to TurboTax, you have two options: Deluxe and Premier. If you're a casual investor with a few cryptocurrency transactions, Deluxe should be sufficient. However, if you're a serious trader with a diverse portfolio and various investment types, Premier is the way to go. It provides more advanced features and guidance specifically tailored to complex investments like cryptocurrency. So, if you want to maximize your tax deductions and ensure accurate reporting, go for TurboTax Premier!
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends TurboTax Premier for cryptocurrency traders and investors. With its advanced features and specialized guidance, TurboTax Premier is the ideal choice for accurately reporting your cryptocurrency transactions and optimizing your tax deductions. Whether you're a beginner or an experienced trader, TurboTax Premier will simplify the tax filing process and ensure compliance with tax regulations. Don't let tax season stress you out - choose TurboTax Premier and stay on top of your crypto taxes!
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