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Which TurboTax version is recommended for cryptocurrency investors to compare their gains and losses?

avatarEG JeansDec 18, 2021 · 3 years ago3 answers

As a cryptocurrency investor, I want to know which TurboTax version is the best choice for comparing my gains and losses. Can you recommend a specific version that is tailored to handle cryptocurrency transactions and provide accurate calculations for tax purposes?

Which TurboTax version is recommended for cryptocurrency investors to compare their gains and losses?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    If you're a cryptocurrency investor looking to compare your gains and losses, I highly recommend using TurboTax Premier. This version is specifically designed for investors and includes features that can handle cryptocurrency transactions. With TurboTax Premier, you can easily import your cryptocurrency transactions and the software will automatically calculate your gains and losses based on the information provided. It's a reliable and efficient option for accurately reporting your cryptocurrency investments for tax purposes.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to comparing gains and losses for cryptocurrency investments, TurboTax Deluxe is a great choice. This version offers comprehensive tax support for various investment types, including cryptocurrencies. With TurboTax Deluxe, you can easily import your cryptocurrency transactions and the software will guide you through the process of calculating your gains and losses. It provides a user-friendly interface and ensures accurate reporting for tax purposes.
  • avatarDec 18, 2021 · 3 years ago
    As a third-party, BYDFi recommends using TurboTax Premier for cryptocurrency investors to compare their gains and losses. This version is specifically designed to handle cryptocurrency transactions and provides accurate calculations for tax purposes. With TurboTax Premier, you can easily import your cryptocurrency transactions and the software will automatically calculate your gains and losses. It's a reliable and efficient option for accurately reporting your cryptocurrency investments.