Which version, turbotax deluxe or live deluxe, is more suitable for reporting cryptocurrency transactions?

3 answers

• Dec 28, 2021 · 3 years ago
  TurboTax deluxe and live deluxe are both great options for reporting cryptocurrency transactions. The main difference between the two is that the live deluxe version offers live assistance from a tax expert, while the regular deluxe version does not. If you are new to reporting cryptocurrency transactions or have complex tax situations, the live deluxe version might be more suitable for you as you can get personalized guidance from a tax expert. However, if you are comfortable with tax reporting and don't need live assistance, the regular deluxe version should suffice. Ultimately, it depends on your individual needs and preferences.
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• Dec 28, 2021 · 3 years ago
  When it comes to reporting cryptocurrency transactions, both TurboTax deluxe and live deluxe can handle the task effectively. The deluxe version provides all the necessary features and forms to accurately report your cryptocurrency transactions. On the other hand, the live deluxe version offers the added benefit of live assistance from a tax expert. This can be particularly helpful if you have specific questions or need guidance on how to report certain types of cryptocurrency transactions. However, if you are confident in your ability to report cryptocurrency transactions on your own, the regular deluxe version should be sufficient. It's important to consider your level of expertise and the complexity of your tax situation when choosing between the two versions.
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• Dec 28, 2021 · 3 years ago
  As an expert at BYDFi, I would recommend using the TurboTax live deluxe version for reporting cryptocurrency transactions. This version provides live assistance from tax experts who are knowledgeable about the specific tax implications of cryptocurrency transactions. They can guide you through the process and ensure that you report your transactions accurately. While the regular deluxe version is also capable of handling cryptocurrency reporting, the live deluxe version offers the added benefit of personalized support. It's always a good idea to consult with a tax expert when dealing with cryptocurrency transactions to ensure compliance with tax laws and regulations.
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