Is there a way to fix TurboTax not working with cryptocurrency transactions in 2023?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are a few ways to address the issue of TurboTax not working with cryptocurrency transactions in 2023. One option is to reach out to TurboTax customer support for assistance. They may be able to provide guidance or offer a solution. Another option is to consider using alternative tax software that is specifically designed to handle cryptocurrency transactions. There are several options available in the market that can accurately calculate your taxes and handle cryptocurrency transactions seamlessly. Lastly, you can consult with a tax professional who is knowledgeable about cryptocurrency transactions. They can help you navigate the complexities and ensure your taxes are filed correctly.
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• Dec 28, 2021 · 3 years ago
  I faced the same problem with TurboTax not working for cryptocurrency transactions in 2023. After doing some research, I found that TurboTax has limitations when it comes to handling cryptocurrency transactions. One workaround is to manually calculate your cryptocurrency gains and losses using the transaction history provided by your cryptocurrency exchange. You can then enter the calculated values into TurboTax manually. While this may be more time-consuming, it ensures accurate reporting of your cryptocurrency transactions. Alternatively, you can consider using a dedicated cryptocurrency tax software that integrates with TurboTax or other tax software to streamline the process.
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• Dec 28, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I understand the frustration of TurboTax not working with cryptocurrency transactions in 2023. While I cannot speak on behalf of BYDFi, a digital currency exchange I work for, I can suggest exploring alternative tax software options that are compatible with cryptocurrency transactions. These software solutions are designed to handle the complexities of cryptocurrency taxation and can seamlessly integrate with TurboTax or other tax software. Additionally, reaching out to TurboTax customer support for assistance is always a good idea. They may have updates or workarounds specifically for cryptocurrency transactions in 2023. Remember to keep accurate records of your cryptocurrency transactions to ensure proper tax reporting.
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