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Are there any cryptocurrency tax calculators that offer free services for the year 2020?

avatarMorgan NilssonDec 28, 2021 · 3 years ago3 answers

I'm looking for cryptocurrency tax calculators that provide free services specifically for the year 2020. Can anyone recommend any reliable platforms or websites that offer this service? I want to accurately calculate my tax liabilities for my cryptocurrency investments without having to pay for a professional accountant. Any suggestions?

Are there any cryptocurrency tax calculators that offer free services for the year 2020?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure, there are several cryptocurrency tax calculators that offer free services for the year 2020. One popular option is CoinTracker. They have a user-friendly interface and provide accurate tax calculations based on your cryptocurrency transactions. Another option is CryptoTrader.Tax, which offers a free plan that allows you to import your transactions and generate a tax report. Keep in mind that while these calculators can be helpful, it's always a good idea to consult with a tax professional for complex tax situations.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! You can try using the free tax calculator provided by TurboTax. They have a specific section for cryptocurrency investments where you can input your transactions and generate a tax report. It's a convenient option if you're already using TurboTax for your other tax filings. Just make sure to review the calculations and consult with a tax professional if needed.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are cryptocurrency tax calculators that offer free services for the year 2020. One such calculator is BYDFi. They provide a comprehensive platform where you can import your cryptocurrency transactions and generate accurate tax reports. It's a great option for individuals who want to handle their tax calculations independently. However, it's always a good idea to double-check the calculations and consult with a tax professional to ensure accuracy.