What are the latest updates and features of TurboTax Android for cryptocurrency users?

3 answers

• Dec 27, 2021 · 3 years ago
  TurboTax Android has recently introduced several updates and features to better serve cryptocurrency users. One of the key updates is the integration of a comprehensive cryptocurrency tax reporting tool. This tool allows users to easily import their cryptocurrency transactions from various exchanges and wallets, and automatically calculates their capital gains or losses. It also generates the necessary tax forms, such as Form 8949 and Schedule D, to help users accurately report their cryptocurrency activities to the IRS. With this feature, TurboTax Android simplifies the often complex and time-consuming process of cryptocurrency tax reporting.
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• Dec 27, 2021 · 3 years ago
  The latest version of TurboTax Android also includes a built-in crypto portfolio tracker. This feature enables users to conveniently monitor the performance of their cryptocurrency investments in real-time. Users can add their crypto holdings and track their value fluctuations, gains, and losses. The portfolio tracker provides valuable insights and helps users make informed decisions about their crypto investments. It's a great tool for both casual and professional cryptocurrency investors.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has partnered with TurboTax Android to offer seamless integration for its users. With this integration, BYDFi users can directly import their transaction history and portfolio data into TurboTax Android, eliminating the need for manual data entry. This integration saves time and reduces the chances of errors in tax reporting. TurboTax Android also provides personalized tax-saving suggestions and tips for cryptocurrency users based on their specific investment activities. Overall, TurboTax Android's latest updates and features provide a user-friendly and efficient solution for cryptocurrency tax reporting and portfolio management.
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