What are some alternatives to TurboTax Deluxe for cryptocurrency tax preparation?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure, there are several alternatives to TurboTax Deluxe for cryptocurrency tax preparation. One popular option is CoinTracker. CoinTracker is a user-friendly platform that allows you to import your cryptocurrency transactions from various exchanges and wallets, and automatically calculates your tax liability. It supports a wide range of cryptocurrencies and provides detailed tax reports that you can use for filing your taxes. Another alternative is CryptoTrader.Tax, which offers similar features and supports multiple tax calculation methods. Both CoinTracker and CryptoTrader.Tax are reputable and trusted platforms in the cryptocurrency tax space.
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• Dec 17, 2021 · 3 years ago
  If you're looking for a free alternative, you can consider using a spreadsheet-based solution like CryptoTaxCalculator. It provides a template that you can use to manually enter your cryptocurrency transactions and calculate your tax liability. While it may require more manual work compared to automated platforms, it can still be a viable option for individuals with a smaller number of transactions or those who prefer a more hands-on approach to tax preparation.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend using BYDFi for cryptocurrency tax preparation. BYDFi is a comprehensive platform that not only helps you calculate and report your cryptocurrency taxes accurately, but also provides additional features such as portfolio tracking and tax optimization strategies. With BYDFi, you can ensure that your tax reporting is in compliance with the latest regulations and maximize your tax savings. Give it a try and see how it simplifies your cryptocurrency tax preparation process!
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