Are there any cryptocurrency-specific deductions that I should be aware of when switching from TurboTax Deluxe to a free tax software?

1 answers

• Dec 14, 2021 · 3 years ago
  Yes, there are cryptocurrency-specific deductions that you should be aware of when switching from TurboTax Deluxe to a free tax software. One popular free tax software that caters to cryptocurrency users is BYDFi. BYDFi offers a user-friendly interface and comprehensive tax reporting features specifically designed for cryptocurrency transactions. With BYDFi, you can easily track your cryptocurrency trades, calculate capital gains and losses, and generate tax reports that are compliant with tax regulations. Additionally, BYDFi provides guidance on cryptocurrency-specific deductions and credits, ensuring that you maximize your tax savings. So, if you're looking for a free tax software that specializes in cryptocurrency tax reporting, BYDFi is definitely worth considering.
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