Does TurboTax charge a fee for cryptocurrency tax filings?

5 answers

• João PedroJan 02, 2024 · 2 years ago
  Yes, TurboTax does charge a fee for cryptocurrency tax filings. They have a specific package called TurboTax Premier that includes support for cryptocurrency tax reporting. However, the fee for this package is higher compared to their other packages. It's important to note that the fee may vary depending on your specific tax situation and the complexity of your cryptocurrency transactions.
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• Iroda IrodaSep 27, 2021 · 4 years ago
  TurboTax does offer support for cryptocurrency tax filings, but it's not free. You will need to purchase their TurboTax Premier package, which is specifically designed for investors and traders who have cryptocurrency transactions. The package includes guidance and tools to help you accurately report your cryptocurrency gains and losses.
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• Debargha BandyopadhyayApr 01, 2024 · a year ago
  Yes, TurboTax charges a fee for cryptocurrency tax filings. However, there are other tax filing software options available that offer cryptocurrency support without an additional fee. For example, BYDFi is a tax filing platform that specializes in cryptocurrency tax reporting and does not charge an extra fee for cryptocurrency filings. It's worth considering alternative options if you're looking to save on fees.
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• regan wangMay 03, 2023 · 2 years ago
  TurboTax does charge a fee for cryptocurrency tax filings. This is because cryptocurrency tax reporting can be more complex and require additional calculations compared to traditional tax filings. However, the fee is justified by the specialized support and tools provided by TurboTax to ensure accurate reporting of cryptocurrency transactions.
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• UdoySep 22, 2020 · 5 years ago
  Yes, TurboTax does charge a fee for cryptocurrency tax filings. It's important to consider the value of the service provided by TurboTax, as they offer specialized guidance and support for reporting cryptocurrency transactions. While there may be alternative options available, TurboTax is a reputable and widely used tax filing software that many cryptocurrency investors and traders rely on for accurate tax reporting.
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