What are some free alternatives to Turbotax for managing cryptocurrency taxes?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure, there are several free alternatives to Turbotax for managing cryptocurrency taxes. One popular option is CoinTracker. It offers a free plan that allows you to track your crypto transactions, calculate your gains and losses, and generate tax reports. Another option is Koinly, which also has a free plan with similar features. Both CoinTracker and Koinly integrate with popular exchanges and wallets, making it easy to import your transaction data. Remember to review the accuracy of the imported data and consult with a tax professional if needed.
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• Dec 26, 2021 · 3 years ago
  Managing cryptocurrency taxes can be a daunting task, but there are free alternatives to Turbotax that can simplify the process. One option is CryptoTrader.Tax, which offers a free plan for up to 50 transactions. It supports various exchanges and wallets, and provides detailed tax reports that you can use for filing your taxes. Another alternative is Bitcoin.Tax, which also has a free plan with limited features. It's important to note that while these free alternatives can be helpful, it's always a good idea to consult with a tax professional to ensure compliance with tax regulations.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a free tax reporting tool that can help you manage your cryptocurrency taxes. It allows you to import your transaction data from various exchanges and wallets, calculate your gains and losses, and generate tax reports. The tool is user-friendly and provides comprehensive tax reporting features. You can access the tax reporting tool on the BYDFi website. Remember to review the accuracy of the imported data and consult with a tax professional if needed.
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