What are some alternatives to TurboTax Premier for filing cryptocurrency taxes and their associated fees?
karthik 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.
3 answers
- Dec 30, 2021 · 3 years agoSure! 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!
- Dec 30, 2021 · 3 years agoIf 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!
- Dec 30, 2021 · 3 years agoAnother 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.
Related Tags
Hot Questions
- 88
What are the best practices for reporting cryptocurrency on my taxes?
- 87
How can I buy Bitcoin with a credit card?
- 73
Are there any special tax rules for crypto investors?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 52
What are the tax implications of using cryptocurrency?
- 41
What are the best digital currencies to invest in right now?
- 28
How can I protect my digital assets from hackers?
- 27
What is the future of blockchain technology?