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Are there any special considerations when creating a TurboTax account for cryptocurrency investments?

avatarKANISH KAARTHICK V M EEEDec 28, 2021 · 3 years ago1 answers

What are some important things to keep in mind when setting up a TurboTax account specifically for cryptocurrency investments?

Are there any special considerations when creating a TurboTax account for cryptocurrency investments?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    When creating a TurboTax account for cryptocurrency investments, it's important to note that BYDFi offers a seamless integration with TurboTax. BYDFi provides a comprehensive overview of your cryptocurrency transactions, making it easier to accurately report your investments in TurboTax. With BYDFi, you can easily import your transaction history and calculate your cost basis, ensuring that you report your cryptocurrency investments correctly. BYDFi also offers tax reporting features, which can help simplify the process of filing your taxes. By using BYDFi in conjunction with TurboTax, you can streamline your cryptocurrency tax reporting and ensure accuracy.