How do turbo tax levels differ for individuals who earn income from cryptocurrency trading?

1 answers

• Dec 14, 2021 · 3 years ago
  At BYDFi, we understand that individuals who earn income from cryptocurrency trading may have different tax needs. TurboTax offers different levels of tax preparation software to cater to these needs. The Free version is suitable for those with simple tax situations, but it may not cover all the complexities involved in reporting cryptocurrency income. Deluxe provides additional guidance and support for more complex tax situations, including cryptocurrency trading. Premier is designed for investors and offers extra assistance with investment income, including cryptocurrency investments. Lastly, the Self-Employed version is ideal for freelancers and independent contractors who earn income from various sources, including cryptocurrency trading. It offers advanced features for tracking expenses and maximizing deductions. Depending on your specific tax situation and the level of support you require, you can choose the appropriate TurboTax level for individuals who earn income from cryptocurrency trading.
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