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How does TurboTax handle cryptocurrency gains and losses in different versions?

avatarEnemark HutchisonJan 07, 2022 · 3 years ago1 answers

Can you explain how TurboTax handles gains and losses from cryptocurrency in its different versions?

How does TurboTax handle cryptocurrency gains and losses in different versions?
Cryptocurrency
TurboTax
Gains And Losses

1 answers

  • avatarJan 07, 2022 · 3 years ago
    At BYDFi, we understand the importance of accurately reporting cryptocurrency gains and losses. TurboTax is a popular choice among cryptocurrency traders due to its comprehensive support for handling gains and losses. With TurboTax, you can easily import your cryptocurrency transactions from various exchanges and wallets, and the software will automatically calculate your gains or losses based on the information provided. TurboTax also considers factors like holding periods and wash sales to ensure accurate reporting. Whether you're using TurboTax Deluxe, Premier, or Self-Employed, you can trust that TurboTax will handle your cryptocurrency gains and losses with ease and accuracy.

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