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What are the best ways to convert TurboTax Deluxe to a free digital currency tax software?

avatarNASHRULLAH KHANDec 26, 2021 · 3 years ago3 answers

I'm currently using TurboTax Deluxe for my tax filing, but I want to switch to a free digital currency tax software. What are some of the best methods to convert from TurboTax Deluxe to a free digital currency tax software?

What are the best ways to convert TurboTax Deluxe to a free digital currency tax software?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the best ways to convert from TurboTax Deluxe to a free digital currency tax software is to research and compare different options available in the market. Look for software that specifically caters to digital currency tax reporting and offers a free version. Some popular options include CoinTracker, CryptoTrader.Tax, and Bitcoin.Tax. These platforms provide features to import data from TurboTax Deluxe and seamlessly transition to their software. Make sure to read reviews and consider the user interface, customer support, and security features before making a decision.
  • avatarDec 26, 2021 · 3 years ago
    If you're comfortable with spreadsheets and want a free option, you can convert TurboTax Deluxe to a digital currency tax software by using Google Sheets or Microsoft Excel. Create a template that includes the necessary tax calculations and formulas. Manually input your transaction data from TurboTax Deluxe into the spreadsheet and customize it to fit your specific needs. While this method requires more manual work, it can be a cost-effective solution for those who prefer a DIY approach.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we understand the need for a free digital currency tax software. Our platform offers a seamless transition from TurboTax Deluxe to our tax software. With BYDFi, you can import your data from TurboTax Deluxe and take advantage of our comprehensive tax reporting features. Our user-friendly interface and dedicated customer support team ensure a smooth experience. Make the switch to BYDFi and simplify your digital currency tax reporting today!