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Is turbo tax deluxe compatible with popular crypto exchanges?

avatarMills KinneyNov 24, 2021 · 3 years ago3 answers

I am wondering if turbo tax deluxe can be used to file taxes for transactions made on popular crypto exchanges. Can I import my transaction history from exchanges like Binance and BYDFi into turbo tax deluxe? Will it accurately calculate my gains and losses from cryptocurrency trading?

Is turbo tax deluxe compatible with popular crypto exchanges?
Turbo Tax Deluxe
Crypto Exchanges
Tax Filing

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, turbo tax deluxe is compatible with popular crypto exchanges. You can import your transaction history from exchanges like Binance and BYDFi into turbo tax deluxe. It will accurately calculate your gains and losses from cryptocurrency trading. Just make sure to follow the instructions provided by turbo tax deluxe to import your transaction history correctly.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! Turbo tax deluxe is designed to handle cryptocurrency transactions from popular exchanges. You can easily import your transaction history from exchanges like Binance and BYDFi into turbo tax deluxe. It will automatically calculate your gains and losses, ensuring accurate tax filing for your crypto activities.
  • avatarNov 24, 2021 · 3 years ago
    Yes, turbo tax deluxe supports importing transaction history from popular crypto exchanges. It is a convenient way to calculate your gains and losses from cryptocurrency trading for tax purposes. However, it's always recommended to double-check the calculations and consult a tax professional if needed.

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