What is the difference between using turbotax online and desktop for managing cryptocurrency taxes?

3 answers

• Jan 07, 2022 · 3 years ago
  The difference between using turbotax online and the desktop version for managing cryptocurrency taxes lies in the platform and accessibility. With turbotax online, you can access your tax information from any device with an internet connection. It offers convenience and flexibility as you can work on your taxes from anywhere. On the other hand, the desktop version requires installation on a specific device and limits your access to that device. It may be suitable for those who prefer working on their taxes from a single location.
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• Jan 07, 2022 · 3 years ago
  When it comes to managing cryptocurrency taxes, both turbotax online and the desktop version offer similar features. They provide guidance on reporting cryptocurrency transactions, calculating gains or losses, and generating the necessary tax forms. However, the online version may have more frequent updates and improvements, as it can be easily updated by the provider. The desktop version may require manual updates to stay up-to-date with the latest tax regulations.
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• Jan 07, 2022 · 3 years ago
  At BYDFi, we recommend using turbotax online for managing cryptocurrency taxes. It offers a user-friendly interface and provides step-by-step guidance throughout the tax filing process. Additionally, it integrates with various cryptocurrency exchanges, making it easier to import transaction data. Overall, turbotax online simplifies the process of reporting cryptocurrency transactions and ensures accurate tax filing.
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