How can I avoid TurboTax charging me for digital currency trades?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to avoid TurboTax charging you for digital currency trades is to use a tax software specifically designed for cryptocurrency. These software programs are equipped with features that can help you accurately report your digital currency transactions and calculate your tax liability. By using such software, you can ensure that your digital currency trades are properly accounted for without incurring any additional charges from TurboTax. Some popular tax software options for cryptocurrency include CoinTracker, CryptoTrader.Tax, and Bitcoin.Tax.
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• Dec 17, 2021 · 3 years ago
  If you want to avoid TurboTax charging you for digital currency trades, you can also consider hiring a professional tax accountant who specializes in cryptocurrency. These experts are well-versed in the tax regulations surrounding digital currencies and can help you navigate the complexities of reporting your trades. While hiring a tax accountant may come with a cost, it can provide you with peace of mind knowing that your tax obligations are being handled accurately and efficiently.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the concerns you may have about TurboTax charging you for digital currency trades. That's why we recommend using a tax software specifically designed for cryptocurrency. These software programs can help you accurately report your digital currency transactions and minimize the chances of TurboTax charging you extra fees. By using a cryptocurrency tax software, you can ensure that your tax reporting is compliant and avoid any unexpected charges from TurboTax.
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