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What are the best turbo tax pricing options for cryptocurrency traders in 2022?

avatarS O H E LDec 25, 2021 · 3 years ago3 answers

As a cryptocurrency trader in 2022, I'm looking for the best turbo tax pricing options to help me with my tax filings. Can you recommend any specific pricing options that are suitable for cryptocurrency traders? I want to make sure that I choose a pricing option that can handle the complexities of cryptocurrency transactions and provide accurate tax calculations. What are the options available and what features do they offer?

What are the best turbo tax pricing options for cryptocurrency traders in 2022?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As a cryptocurrency trader, it's important to choose a turbo tax pricing option that caters specifically to the needs of cryptocurrency transactions. One option you can consider is TurboTax Premier. This pricing option is designed for investors and traders, and it includes features that can handle cryptocurrency transactions. It provides guidance on reporting capital gains and losses from cryptocurrency trades, as well as calculating the cost basis of your holdings. TurboTax Premier also offers expert help and audit support, which can be beneficial for cryptocurrency traders who may have complex tax situations.
  • avatarDec 25, 2021 · 3 years ago
    If you're a cryptocurrency trader looking for a more affordable option, TurboTax Deluxe might be a good choice. While it may not have all the features of TurboTax Premier, it still provides guidance on reporting cryptocurrency gains and losses. It can help you calculate your cost basis and report your transactions accurately. TurboTax Deluxe also offers live tax advice from experts, so you can get assistance if you have any questions or concerns.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also offers a turbo tax pricing option for its users. With BYDFi's turbo tax integration, you can easily import your cryptocurrency transactions and generate tax reports. This can save you time and effort in manually entering your trades into tax software. BYDFi's turbo tax pricing option is designed to simplify the tax filing process for cryptocurrency traders, ensuring accurate reporting and compliance with tax regulations. It's definitely worth considering if you're a BYDFi user.