How can I use digital currencies to switch from turbotax online to desktop?

3 answers

• Rodrigo PeruzzoFeb 26, 2023 · 2 years ago
  Sure! To use digital currencies with the desktop version of turbotax, you'll need to manually enter your transactions and holdings. Turbotax doesn't have direct integration with digital currency exchanges, so you'll have to gather the necessary information from your exchange accounts and input it into turbotax. Make sure to keep track of your transactions and any relevant documentation for tax purposes.
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• Rico MaldonadoJun 13, 2024 · a year ago
  No worries! Switching from turbotax online to the desktop version with digital currencies is not complicated. You just need to manually input your digital currency transactions and holdings into the desktop software. Keep track of your trades and any relevant information, such as purchase price, sale price, and dates. This way, you can accurately report your digital currency activities for tax purposes.
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• jazzDec 02, 2020 · 5 years ago
  Using digital currencies with the desktop version of turbotax is a breeze. Simply export your transaction history from your digital currency exchange and import it into turbotax. This way, you can automatically populate your tax forms with the relevant information. If you're using BYDFi, they have a seamless integration with turbotax that makes the process even easier. Just connect your BYDFi account to turbotax and let the software handle the rest.
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