How does TurboTax Deluxe compare to Premier 2017 in terms of supporting tax reporting for cryptocurrency transactions?

3 answers

• Dec 25, 2021 · 3 years ago
  TurboTax Deluxe and Premier 2017 both offer support for tax reporting related to cryptocurrency transactions. However, there are some key differences between the two versions. TurboTax Deluxe is designed for individuals with more straightforward tax situations, while Premier 2017 is geared towards investors and those with more complex tax needs. Premier 2017 includes additional features such as guidance on reporting investment income, rental property income, and stock sales. When it comes to cryptocurrency transactions, both versions allow you to import your transaction data from exchanges and wallets, calculate gains and losses, and generate the necessary tax forms. However, Premier 2017 may offer more advanced reporting options and additional guidance for reporting cryptocurrency investments. Overall, the choice between TurboTax Deluxe and Premier 2017 depends on your specific tax situation and the level of support and features you require for reporting cryptocurrency transactions.
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• Dec 25, 2021 · 3 years ago
  Alright, let's break it down! TurboTax Deluxe and Premier 2017 are both solid options for handling your cryptocurrency tax reporting. Deluxe is great for individuals with simpler tax situations, while Premier 2017 is the way to go if you're an investor or have more complex tax needs. Premier 2017 comes with some extra bells and whistles, like guidance on reporting investment income and rental property income. But when it comes to cryptocurrency transactions, both versions have you covered. You can import your transaction data from exchanges and wallets, calculate your gains and losses, and generate the necessary tax forms. Premier 2017 might have a few more advanced reporting options and extra guidance for reporting cryptocurrency investments. So, if you're a crypto-savvy investor, Premier 2017 could be the better fit. But for most people, TurboTax Deluxe will do the job just fine!
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• Dec 25, 2021 · 3 years ago
  As a third-party expert, I can tell you that TurboTax Deluxe and Premier 2017 are both solid choices for handling your cryptocurrency tax reporting needs. Deluxe is great for individuals with simpler tax situations, while Premier 2017 is more suitable for investors and those with more complex tax needs. Both versions allow you to import your cryptocurrency transaction data from exchanges and wallets, calculate your gains and losses, and generate the necessary tax forms. Premier 2017 offers additional features such as guidance on reporting investment income and rental property income. However, for most individuals, TurboTax Deluxe should be sufficient for reporting cryptocurrency transactions. It's important to note that the choice between the two versions ultimately depends on your specific tax situation and the level of support and features you require. So, assess your needs and make an informed decision!
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