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TagsHow can I use TurboTax Desktop Premier 2020 to handle my cryptocurrency tax reporting?
Edy AlentejoNov 28, 2021 · 3 years ago1 answersI have been using TurboTax Desktop Premier 2020 to handle my taxes, but I'm not sure how to report my cryptocurrency transactions. Can anyone guide me on how to use TurboTax to accurately report my cryptocurrency taxes?
1 answers
- Using TurboTax Desktop Premier 2020 for cryptocurrency tax reporting is a breeze! Here's what you need to do: 1. Launch TurboTax Desktop Premier 2020 and navigate to the 'Federal Taxes' section. 2. Under 'Wages & Income', select 'Cryptocurrency' to begin reporting your transactions. 3. Enter the relevant details for each transaction, including dates, amounts, and cost basis. 4. TurboTax will automatically calculate your gains or losses based on the information provided. 5. Review your entries and make any necessary adjustments. 6. When you're ready, file your taxes electronically through TurboTax. If you have any questions or encounter any issues during the process, don't hesitate to reach out to TurboTax support for assistance. Happy tax reporting!Nov 28, 2021 · 3 years ago
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