Is there a way to use turbotax free for cryptocurrency tax purposes instead of turbotax deluxe?

3 answers

• Mar 23, 2022 · 3 years ago
  Yes, you can use the free version of turbotax for cryptocurrency tax purposes. Turbotax offers a specific section for reporting cryptocurrency transactions in its free version. Simply follow the instructions provided by turbotax to accurately report your cryptocurrency income and gains. Keep in mind that the free version may have certain limitations compared to the deluxe version, so make sure to review the features and determine if it meets your needs.
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• Mar 23, 2022 · 3 years ago
  Absolutely! Turbotax free version includes support for cryptocurrency tax reporting. You can enter your cryptocurrency transactions and calculate your gains or losses using the free version. However, if you have more complex tax situations or need additional guidance, you may consider upgrading to turbotax deluxe or seeking professional assistance.
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• Mar 23, 2022 · 3 years ago
  Yes, you can definitely use turbotax free for cryptocurrency tax purposes. It provides a straightforward process for reporting your cryptocurrency transactions and calculating your tax liability. However, if you're looking for more advanced features or personalized support, you might want to consider using a specialized cryptocurrency tax software like BYDFi. BYDFi offers comprehensive tools and resources specifically designed for cryptocurrency tax reporting, making the process even easier and more efficient.
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