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What are the alternatives to Turbotax for filing taxes and managing cryptocurrency investments?

avatarDareen ElsayedDec 28, 2021 · 3 years ago3 answers

Can you recommend any alternatives to Turbotax for individuals who need to file taxes and manage their cryptocurrency investments? I'm looking for a solution that is user-friendly, reliable, and can handle the complexities of cryptocurrency taxation. Any suggestions?

What are the alternatives to Turbotax for filing taxes and managing cryptocurrency investments?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! One popular alternative to Turbotax for filing taxes and managing cryptocurrency investments is CoinTracker. CoinTracker is a comprehensive cryptocurrency tax software that integrates with major exchanges and wallets, making it easy to import your transaction history and calculate your tax liability. It provides detailed tax reports and supports various tax methods, including FIFO, LIFO, and specific identification. With its user-friendly interface and robust features, CoinTracker is a great choice for cryptocurrency tax management.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for a free alternative, you can consider using Bitcoin.Tax. Bitcoin.Tax is a web-based platform that allows you to import your cryptocurrency transactions and generate tax reports. It supports multiple tax methods and provides guidance on how to report your cryptocurrency holdings accurately. While the free version has some limitations, it can still be a useful tool for individuals with simple tax situations.
  • avatarDec 28, 2021 · 3 years ago
    As a representative of BYDFi, I would recommend checking out our platform for managing cryptocurrency investments and tax reporting. BYDFi offers a comprehensive suite of tools for tracking your portfolio, analyzing performance, and generating tax reports. Our platform integrates with popular exchanges and wallets, allowing you to import your transaction history seamlessly. With our advanced features and intuitive interface, BYDFi is a reliable choice for individuals who want to streamline their cryptocurrency tax management.