What is the best way to file my taxes for cryptocurrency gains using TurboTax 2017 Premier?

3 answers

• Dec 27, 2021 · 3 years ago
  As a tax professional, I recommend starting by gathering all your cryptocurrency transaction records, including buy/sell orders, transfers, and any other relevant information. Then, input this data into TurboTax 2017 Premier using the appropriate sections for reporting capital gains. Make sure to accurately calculate your gains and losses, taking into account any applicable deductions or exemptions. Finally, review your return for accuracy before submitting it to the IRS. Remember, it's always a good idea to consult with a tax advisor or accountant for personalized advice.
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• Dec 27, 2021 · 3 years ago
  Hey there! Filing taxes for your cryptocurrency gains with TurboTax 2017 Premier is a breeze. Just follow these simple steps: 1. Open TurboTax and select the 'Federal Taxes' tab. 2. Choose the 'Wages & Income' section and click on 'Start' next to 'Investment Income'. 3. Select 'Stocks, Mutual Funds, Bonds, Other' and click 'Continue'. 4. Enter the details of your cryptocurrency gains, including the date of acquisition, sale, and the proceeds. 5. TurboTax will automatically calculate your gains and generate the necessary forms for you. Easy peasy, right?
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• Dec 27, 2021 · 3 years ago
  When it comes to filing taxes for your cryptocurrency gains, using TurboTax 2017 Premier is a smart choice. With its user-friendly interface and comprehensive features, TurboTax makes the process a breeze. Simply input your cryptocurrency transactions, including purchases, sales, and transfers, into the software. TurboTax will then calculate your gains and losses, taking into account any applicable tax regulations. It's important to note that TurboTax is not affiliated with BYDFi or any other specific exchange, so you can use it with confidence regardless of where you trade your cryptocurrencies.
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