Which tax software is recommended for managing cryptocurrency taxes?

3 answers

• Dec 20, 2021 · 3 years ago
  As a cryptocurrency enthusiast, I've tried several tax software options, and I highly recommend CoinTracker. It's a user-friendly platform that supports various exchanges and wallets. CoinTracker automatically imports your transaction history, calculates your gains and losses, and generates tax reports. It also provides guidance on tax regulations specific to cryptocurrencies. Give it a try, and you won't be disappointed!
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• Dec 20, 2021 · 3 years ago
  If you're looking for a tax software that offers advanced features and comprehensive reporting, I suggest checking out TurboTax. Although TurboTax is not specifically designed for cryptocurrencies, it has a section dedicated to reporting cryptocurrency transactions. It provides step-by-step guidance and ensures accurate calculations. TurboTax also offers live support from tax experts, which can be helpful if you have specific questions related to cryptocurrency taxes.
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• Dec 20, 2021 · 3 years ago
  At BYDFi, we understand the complexities of managing cryptocurrency taxes. While we don't offer tax software ourselves, we recommend using CoinTracking. CoinTracking is a popular choice among cryptocurrency traders and investors. It supports a wide range of exchanges and wallets, offers detailed tax reports, and provides real-time portfolio tracking. With its user-friendly interface and comprehensive features, CoinTracking can simplify the process of managing your cryptocurrency taxes.
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