How can self-employed cryptocurrency traders file their taxes for free?

3 answers

• Nov 26, 2021 · 3 years ago
  One option for self-employed cryptocurrency traders to file their taxes for free is to use online tax software that offers free versions for simple tax returns. These software programs typically provide step-by-step guidance and support for reporting cryptocurrency income and expenses. Some popular options include TurboTax, H&R Block, and TaxAct. By using these free versions, traders can accurately report their earnings and deductions without having to pay for professional tax preparation services.
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• Nov 26, 2021 · 3 years ago
  If you're a self-employed cryptocurrency trader looking to file your taxes for free, you can consider using the IRS Free File program. This program is available to taxpayers with an adjusted gross income of $72,000 or less and offers free tax preparation software from participating companies. By using the IRS Free File program, you can easily report your cryptocurrency income and expenses without incurring any costs.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of filing taxes correctly as a self-employed cryptocurrency trader. While we don't offer tax advice, we recommend consulting with a qualified tax professional who specializes in cryptocurrency taxation. They can provide personalized guidance based on your specific situation and help you navigate the complexities of reporting cryptocurrency income and expenses. Remember, it's crucial to accurately report your earnings to ensure compliance with tax laws.
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