Which version, TurboTax Deluxe or Premier 2017, is better for reporting cryptocurrency gains and losses?

3 answers

• Dec 25, 2021 · 3 years ago
  Both TurboTax Deluxe and Premier 2017 can handle reporting cryptocurrency gains and losses. However, TurboTax Premier 2017 offers more advanced features specifically designed for investors and traders, making it a better choice for those heavily involved in cryptocurrency trading. With Premier 2017, you can easily import your cryptocurrency transaction data from popular exchanges and wallets, calculate your gains and losses accurately, and generate the necessary tax forms. It also provides additional guidance and support for complex tax situations related to cryptocurrencies. Overall, if you are actively trading cryptocurrencies and need more comprehensive reporting features, TurboTax Premier 2017 would be the recommended option.
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• Dec 25, 2021 · 3 years ago
  If you're a casual cryptocurrency investor and have relatively simple transactions, TurboTax Deluxe should be sufficient for reporting your gains and losses. It provides basic reporting functionalities and can handle most common cryptocurrency transactions. However, if you have a large number of transactions or engage in more complex trading activities, TurboTax Premier 2017 would be a better choice as it offers more advanced features and support for detailed reporting and analysis. It's important to evaluate your specific needs and trading activities to determine which version would be the most suitable for you.
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• Dec 25, 2021 · 3 years ago
  As an expert in the field, I would recommend using TurboTax Premier 2017 for reporting cryptocurrency gains and losses. It provides comprehensive features and support specifically tailored for cryptocurrency investors and traders. With Premier 2017, you can easily import your transaction data from various exchanges and wallets, accurately calculate your gains and losses, and generate the necessary tax forms. It also offers additional guidance and resources to help you navigate the complexities of cryptocurrency taxation. Overall, TurboTax Premier 2017 is a reliable choice for reporting your cryptocurrency activities and ensuring compliance with tax regulations.
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