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How can I avoid paying for TurboTax Deluxe by using cryptocurrency tax software?

avatarSandeep ChakarbortyDec 26, 2021 · 3 years ago3 answers

I want to find a way to avoid paying for TurboTax Deluxe by using cryptocurrency tax software. Is there any software available that can help me calculate and file my cryptocurrency taxes for free? I've heard that some platforms offer free tax software specifically designed for cryptocurrency traders. Can anyone recommend a reliable and user-friendly cryptocurrency tax software that can help me save money on tax preparation fees?

How can I avoid paying for TurboTax Deluxe by using cryptocurrency tax software?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are several cryptocurrency tax software options available that can help you avoid paying for TurboTax Deluxe. One popular option is CoinTracker, which offers a free plan that allows you to track your cryptocurrency transactions and generate tax reports. Another option is CryptoTrader.Tax, which also offers a free plan for calculating your cryptocurrency taxes. These software platforms are specifically designed for cryptocurrency traders and can help you accurately calculate your tax liability without the need for expensive tax preparation software.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! You can avoid paying for TurboTax Deluxe by using cryptocurrency tax software. There are many platforms out there that offer free tax software specifically tailored for cryptocurrency traders. One such platform is TokenTax, which provides a user-friendly interface for importing your cryptocurrency transactions and generating tax reports. By using these free tools, you can save money on tax preparation fees and ensure that you accurately report your cryptocurrency gains and losses.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can avoid paying for TurboTax Deluxe by using cryptocurrency tax software. BYDFi, a leading cryptocurrency exchange, offers a comprehensive tax software solution called BYDTax. With BYDTax, you can easily import your cryptocurrency transactions, calculate your tax liability, and generate tax reports. The software is user-friendly and provides accurate tax calculations based on the latest tax regulations. By using BYDTax, you can save money on tax preparation fees and ensure compliance with cryptocurrency tax laws.