SimoAcharouaouDec 16, 2021 · 3 years ago7 answers How does turbotax handle calculating tax for cryptocurrency transactions?
Can you explain how turbotax handles calculating tax for cryptocurrency transactions? I'm curious about the specific features and functionalities that turbotax offers for reporting cryptocurrency transactions and ensuring accurate tax calculations. How does it handle different types of transactions, such as buying, selling, and trading cryptocurrencies? Does it support various cryptocurrencies and exchanges? And how does it handle complex scenarios like airdrops, staking rewards, and hard forks? I want to understand how turbotax simplifies the process of reporting cryptocurrency transactions for tax purposes.