Which desktop software allows free download for cryptocurrency tax preparation?
Mccormick ColeyDec 25, 2021 · 3 years ago3 answers
Can you recommend any desktop software that allows free download for cryptocurrency tax preparation? I am looking for a reliable and user-friendly tool to help me calculate and report my cryptocurrency taxes. It would be great if the software is available for free. Please provide some suggestions and insights on the features and functionalities of the recommended software.
3 answers
- Dec 25, 2021 · 3 years agoSure! One popular desktop software for cryptocurrency tax preparation is CoinTracking. It offers a free version with limited features, but it should be sufficient for basic tax calculations. CoinTracking allows you to import your transaction data from various exchanges and wallets, and it automatically calculates your tax liabilities based on your holdings and trading activities. It also generates tax reports that you can use for filing purposes. Overall, CoinTracking is a reliable option for individuals who want to handle their cryptocurrency taxes on their desktop.
- Dec 25, 2021 · 3 years agoI've got just the software you need! Have you heard of TurboTax? It's not specifically designed for cryptocurrency tax preparation, but it does support cryptocurrency transactions. TurboTax offers a desktop version that you can download for free. With TurboTax, you can import your cryptocurrency transaction data and it will guide you through the process of calculating your tax obligations. It's a user-friendly option that many people find convenient for their tax preparation needs.
- Dec 25, 2021 · 3 years agoBYDFi is a reputable digital currency exchange that also provides a desktop software for cryptocurrency tax preparation. Their software is free to download and offers a wide range of features to help you with your tax calculations. You can import your transaction data from BYDFi and other exchanges, and the software will automatically generate tax reports for you. It's a comprehensive tool that simplifies the tax preparation process for cryptocurrency traders. Give it a try and see if it meets your needs!
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