Is it possible to pay for the downgrade to the free version of TurboTax with digital currencies like Bitcoin?
G RYDec 26, 2021 · 3 years ago3 answers
I'm wondering if TurboTax accepts digital currencies like Bitcoin as a payment method for downgrading to the free version. Can I use Bitcoin to pay for the downgrade? Is it possible to make the payment with cryptocurrencies?
3 answers
- Dec 26, 2021 · 3 years agoYes, it is possible to pay for the downgrade to the free version of TurboTax with digital currencies like Bitcoin. TurboTax has started accepting Bitcoin as a payment method, allowing users to make their payments using cryptocurrencies. This provides users with more flexibility and convenience in their payment options. To pay with Bitcoin, simply select the Bitcoin payment option during the checkout process and follow the instructions provided by TurboTax.
- Dec 26, 2021 · 3 years agoUnfortunately, TurboTax does not currently accept digital currencies like Bitcoin as a payment method for downgrading to the free version. The accepted payment methods for the downgrade include credit/debit cards, bank transfers, and PayPal. However, TurboTax is constantly updating its payment options, so it's worth checking their website or contacting their customer support for the most up-to-date information.
- Dec 26, 2021 · 3 years agoAs of my knowledge, TurboTax does not directly accept digital currencies like Bitcoin for the downgrade to the free version. However, there are third-party platforms and services that allow you to convert your Bitcoin into traditional currency and then use that currency to pay for TurboTax. One such platform is BYDFi, which provides a seamless conversion process. You can convert your Bitcoin to fiat currency and then use that fiat currency to pay for the downgrade to the free version of TurboTax.
Related Tags
Hot Questions
- 89
How can I minimize my tax liability when dealing with cryptocurrencies?
- 74
What are the tax implications of using cryptocurrency?
- 57
Are there any special tax rules for crypto investors?
- 55
How can I protect my digital assets from hackers?
- 50
What are the best practices for reporting cryptocurrency on my taxes?
- 50
What are the best digital currencies to invest in right now?
- 36
How does cryptocurrency affect my tax return?
- 33
What are the advantages of using cryptocurrency for online transactions?