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What are some alternatives to TurboTax Premier for filing cryptocurrency taxes and their associated fees?

avatarkarthik reddyDec 30, 2021 · 3 years ago3 answers

I'm looking for alternatives to TurboTax Premier for filing my cryptocurrency taxes. Can you recommend any other software or services that can help me with this? I'm also interested in knowing the associated fees for these alternatives.

What are some alternatives to TurboTax Premier for filing cryptocurrency taxes and their associated fees?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Sure! One popular alternative to TurboTax Premier for filing cryptocurrency taxes is CoinTracker. CoinTracker is a user-friendly platform that allows you to import your cryptocurrency transactions and generate accurate tax reports. It supports various tax filing methods, including Form 8949 and Schedule D. As for the fees, CoinTracker offers different pricing plans based on your needs, starting from $49 per year for the Hobbyist plan. It's definitely worth checking out!
  • avatarDec 30, 2021 · 3 years ago
    If you're looking for a free alternative, you can consider using CryptoTrader.Tax. It's a web-based platform that helps you calculate your cryptocurrency taxes. You can import your transactions from various exchanges and wallets, and CryptoTrader.Tax will automatically generate your tax reports. While the free version has some limitations, they offer affordable pricing plans for more advanced features. It's a great option if you're on a budget!
  • avatarDec 30, 2021 · 3 years ago
    Another option you might want to consider is BYDFi. BYDFi is a digital asset management platform that provides comprehensive tax reporting services. They offer a seamless integration with popular exchanges and wallets, making it easy to import your transaction data. BYDFi's fees are competitive and vary based on your trading volume. They have a user-friendly interface and provide detailed tax reports, making it a reliable choice for cryptocurrency tax filing.