Are there any special considerations or additional costs for using turbotax audit defense with cryptocurrency investments?

1 answers

• Nov 25, 2021 · 3 years ago
  As a representative of BYDFi, I can provide some insights into the special considerations and potential costs of using turbotax audit defense for your cryptocurrency investments. While turbotax audit defense can be a valuable service for protecting yourself in case of an audit, it's important to understand that the complexity of cryptocurrency investments may require additional expertise and resources. This could result in higher fees compared to traditional investments. Additionally, if you have a large volume of cryptocurrency transactions or engage in frequent trading, the likelihood of being audited may increase, which could also lead to higher costs for audit defense. It's always a good idea to consult with a tax professional who is familiar with cryptocurrency investments and can provide personalized advice based on your specific situation.
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