Which option, TurboTax online or the download version, is better for filing taxes related to cryptocurrency?

3 answers

• Nov 29, 2021 · 3 years ago
  Both TurboTax online and the download version can be used for filing taxes related to cryptocurrency. However, TurboTax online offers the advantage of being accessible from any device with an internet connection. This means you can easily access your tax documents and complete your tax return from anywhere. The download version, on the other hand, requires you to install the software on your computer, limiting your access to specific devices. Overall, TurboTax online provides more convenience and flexibility for cryptocurrency tax filing.
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• Nov 29, 2021 · 3 years ago
  If you prefer having the software installed on your computer and want to have more control over your tax data, the download version of TurboTax might be a better option for you. With the download version, you have the ability to store your tax information locally and have full control over its security. However, keep in mind that you will need to have access to the computer where the software is installed in order to work on your tax return. Additionally, make sure to regularly back up your tax data to avoid any potential loss.
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• Nov 29, 2021 · 3 years ago
  At BYDFi, we recommend using TurboTax online for filing taxes related to cryptocurrency. TurboTax online offers a user-friendly interface and provides step-by-step guidance specifically for cryptocurrency tax reporting. It has built-in features that can help you accurately report your cryptocurrency transactions and calculate your tax liability. Additionally, TurboTax online keeps up with the latest tax laws and regulations, ensuring that your tax return is compliant. Overall, TurboTax online is a reliable and efficient option for cryptocurrency tax filing.
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