How can I track my cryptocurrency portfolio using turbotax?

3 answers

• Jan 13, 2022 · 3 years ago
  Tracking your cryptocurrency portfolio using turbotax is actually quite easy. First, you'll need to gather all the necessary information about your cryptocurrency transactions, such as the date of purchase, the amount bought or sold, and the price at which you bought or sold. Once you have all this information, you can manually enter it into turbotax under the appropriate sections for capital gains and losses. Turbotax will then calculate your tax liability based on the information you provided.
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• Jan 13, 2022 · 3 years ago
  To track your cryptocurrency portfolio using turbotax, you can also use third-party tools or software that integrate with turbotax. These tools can automatically import your cryptocurrency transactions and generate the necessary tax reports for you. Some popular options include CoinTracker, CryptoTrader.Tax, and Bitcoin.Tax. These tools can save you a lot of time and effort, especially if you have a large number of cryptocurrency transactions to track.
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• Jan 13, 2022 · 3 years ago
  At BYDFi, we understand the importance of tracking your cryptocurrency portfolio for tax purposes. While turbotax is a popular choice for filing taxes, it may not have all the features you need to track your cryptocurrency transactions. That's why we recommend using third-party tools like CoinTracker or CryptoTrader.Tax. These tools can seamlessly integrate with turbotax and provide you with accurate and comprehensive reports of your cryptocurrency holdings and transactions.
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