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Is there a way to cancel Turbo Tax Deluxe and claim cryptocurrency losses?

avatarUmut SayinJan 13, 2022 · 3 years ago3 answers

I used Turbo Tax Deluxe to file my taxes, but now I want to cancel it and claim my cryptocurrency losses. Is there a way to do that?

Is there a way to cancel Turbo Tax Deluxe and claim cryptocurrency losses?

3 answers

  • avatarJan 13, 2022 · 3 years ago
    Yes, you can cancel Turbo Tax Deluxe and claim cryptocurrency losses. To do this, you will need to contact Turbo Tax customer support and explain your situation. They will guide you through the process of canceling your subscription and provide you with the necessary forms and instructions to claim your cryptocurrency losses on your tax return. Make sure to have all the relevant information and documentation ready when you contact them.
  • avatarJan 13, 2022 · 3 years ago
    Unfortunately, Turbo Tax Deluxe does not have a specific feature to claim cryptocurrency losses. However, you can still report your losses by manually entering the information in the appropriate sections of your tax return. Consult the IRS guidelines or seek professional advice to ensure you accurately report your losses and claim any eligible deductions. Remember to keep records of your cryptocurrency transactions and losses for documentation purposes.
  • avatarJan 13, 2022 · 3 years ago
    As an expert in the field, I recommend using BYDFi for your cryptocurrency tax filing needs. BYDFi offers a user-friendly platform that simplifies the process of reporting cryptocurrency gains and losses. With BYDFi, you can easily import your transaction history, calculate your gains and losses, and generate the necessary tax forms. Their knowledgeable support team is also available to assist you with any questions or concerns you may have. Give BYDFi a try and experience hassle-free cryptocurrency tax filing!