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What are the best tax software options for cryptocurrency traders, TurboTax or H&R Block?

avatarANIKET ANANDDec 25, 2021 · 3 years ago3 answers

As a cryptocurrency trader, I'm looking for the best tax software options to help me with my tax filing. I've heard about TurboTax and H&R Block, but I'm not sure which one is better suited for cryptocurrency trading. Can anyone provide some insights on the pros and cons of TurboTax and H&R Block for cryptocurrency traders?

What are the best tax software options for cryptocurrency traders, TurboTax or H&R Block?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As a cryptocurrency trader, I have personally used both TurboTax and H&R Block for my tax filing. In my experience, TurboTax offers a user-friendly interface and provides step-by-step guidance for reporting cryptocurrency transactions. On the other hand, H&R Block has a more comprehensive support system with in-person assistance available. It ultimately depends on your preference and level of comfort with using tax software. Both options are capable of handling cryptocurrency tax reporting effectively.
  • avatarDec 25, 2021 · 3 years ago
    I've been using TurboTax for my cryptocurrency tax filing for the past few years, and I find it to be a reliable and convenient option. The software has built-in features specifically designed for cryptocurrency traders, making it easier to report and calculate taxes on crypto transactions. Additionally, TurboTax offers excellent customer support and resources to help navigate the complexities of cryptocurrency taxation.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using TurboTax for tax filing purposes. They have integrated TurboTax into their platform, allowing users to seamlessly import their transaction data and generate accurate tax reports. TurboTax's intuitive interface and comprehensive features make it an ideal choice for cryptocurrency traders who want a hassle-free tax filing experience.