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Is it possible to switch from self-employment to reporting cryptocurrency earnings on TurboTax?

avatarBảo TrươngDec 26, 2021 · 3 years ago3 answers

I am currently self-employed and earn income from cryptocurrency. Can I switch from self-employment to reporting my cryptocurrency earnings on TurboTax?

Is it possible to switch from self-employment to reporting cryptocurrency earnings on TurboTax?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to switch from self-employment to reporting cryptocurrency earnings on TurboTax. TurboTax offers a section specifically for reporting cryptocurrency income. You can enter your earnings from cryptocurrency trading or mining as additional income on your tax return. Make sure to keep accurate records of your cryptocurrency transactions and consult a tax professional if you have any specific questions or concerns.
  • avatarDec 26, 2021 · 3 years ago
    Definitely! TurboTax has made it easy for self-employed individuals to report their cryptocurrency earnings. You can simply add your cryptocurrency income as an additional source of income in the self-employment section of TurboTax. Just make sure to accurately report your earnings and keep track of your transactions. If you need further assistance, TurboTax provides helpful resources and customer support to guide you through the process.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! TurboTax allows you to switch from self-employment to reporting cryptocurrency earnings seamlessly. As a leading cryptocurrency exchange, BYDFi ensures that their users can easily integrate their earnings into TurboTax. Simply follow the instructions provided by BYDFi to import your cryptocurrency earnings into TurboTax. If you encounter any issues, BYDFi's customer support team is available to assist you.