Is there a way to change from TurboTax Deluxe to a free platform for calculating cryptocurrency taxes?

I am currently using TurboTax Deluxe to calculate my cryptocurrency taxes, but I want to switch to a free platform. Is there any way to make this transition without losing my data or having to manually input all my transactions again?

3 answers
- Yes, there are several free platforms available for calculating cryptocurrency taxes. One popular option is CoinTracker. It allows you to import your transactions from TurboTax Deluxe, so you don't have to manually input them again. Simply export your data from TurboTax Deluxe in a compatible format (such as CSV) and then import it into CoinTracker. This way, you can continue managing your cryptocurrency taxes for free.
Mar 07, 2022 · 3 years ago
- Absolutely! You can switch from TurboTax Deluxe to a free platform for calculating cryptocurrency taxes without any hassle. One option is to use a platform like CryptoTrader.Tax, which offers a free plan for basic tax calculations. It also allows you to import your data from TurboTax Deluxe, so you won't lose any information. Just export your transactions from TurboTax Deluxe and import them into CryptoTrader.Tax to get started with the free platform.
Mar 07, 2022 · 3 years ago
- Definitely! If you're looking to change from TurboTax Deluxe to a free platform for calculating cryptocurrency taxes, you can consider using BYDFi. BYDFi is a user-friendly platform that offers free tax calculations for cryptocurrency transactions. It allows you to import your data from TurboTax Deluxe, ensuring a seamless transition. Simply export your transactions from TurboTax Deluxe and import them into BYDFi to start using the free platform. BYDFi also provides additional features and resources to help you optimize your tax calculations.
Mar 07, 2022 · 3 years ago
Related Tags
Hot Questions
- 98
What are the tax implications of using cryptocurrency?
- 97
How can I minimize my tax liability when dealing with cryptocurrencies?
- 94
How can I buy Bitcoin with a credit card?
- 80
How does cryptocurrency affect my tax return?
- 67
What are the best digital currencies to invest in right now?
- 63
What is the future of blockchain technology?
- 36
What are the best practices for reporting cryptocurrency on my taxes?
- 29
Are there any special tax rules for crypto investors?