What is the difference between using TurboTax Basic and Deluxe for cryptocurrency transactions?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we recommend using TurboTax Deluxe for cryptocurrency transactions. While TurboTax Basic provides guidance for reporting cryptocurrency transactions, TurboTax Deluxe offers more comprehensive support and features. With TurboTax Deluxe, you not only get guidance for reporting your cryptocurrency transactions, but also access to expert help and audit support. This can be particularly useful if you have a more complex tax situation or want additional peace of mind. Remember, accurately reporting your cryptocurrency transactions is crucial for tax compliance, and TurboTax Deluxe can help simplify the process.
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