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How can I use Turbo Tax 2018 Premier for reporting my cryptocurrency transactions?

avatarRick HoogeboomNov 26, 2021 · 3 years ago1 answers

I recently started trading cryptocurrencies and I want to make sure I report my transactions correctly for tax purposes. I heard that Turbo Tax 2018 Premier can help with this. Can you provide a detailed guide on how to use Turbo Tax 2018 Premier for reporting my cryptocurrency transactions?

How can I use Turbo Tax 2018 Premier for reporting my cryptocurrency transactions?
Cryptocurrency
Turbo Tax
Tax Reporting

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure thing! Here's a step-by-step guide on using Turbo Tax 2018 Premier for reporting your cryptocurrency transactions: 1. Open Turbo Tax 2018 Premier and start a new tax return. 2. When asked about your income sources, select the option for cryptocurrency transactions. 3. Import your transaction history from your preferred cryptocurrency exchange. 4. Turbo Tax will automatically calculate your gains or losses based on the imported data. 5. Review the imported data and make any necessary adjustments. 6. Complete the rest of your tax return as usual. 7. Double-check your return for accuracy before submitting it. That's it! Turbo Tax 2018 Premier makes reporting your cryptocurrency transactions a breeze.

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