What are the differences in tax deductions and credits for cryptocurrency investors between Turbotax Deluxe and Premier?

1 answers

• Nov 29, 2021 · 3 years ago
  When comparing tax deductions and credits for cryptocurrency investors between Turbotax Deluxe and Premier, it's important to note that both versions offer deductions for common expenses like mining and trading fees. However, Turbotax Premier goes a step further and provides additional deductions for more advanced investment activities like margin trading and staking. Additionally, both versions offer tax credits for certain cryptocurrency-related activities, such as contributing to DeFi projects or participating in PoS networks. To determine which version is right for you, consider the complexity of your investment activities and the potential tax benefits you may be eligible for.
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