How can I use Turbotax Premier 2017 to calculate my cryptocurrency taxes?

3 answers

• Mahesh JakkulaAug 15, 2023 · 2 years ago
  Sure! To use Turbotax Premier 2017 for calculating your cryptocurrency taxes, you need to follow these steps: 1. Open Turbotax Premier 2017 and select the 'Federal Taxes' tab. 2. Navigate to the 'Wages & Income' section and click on 'Start' next to 'Cryptocurrency'. 3. Enter the details of your cryptocurrency transactions, including the type of transaction (buy, sell, trade), date, amount, and cost basis. 4. Turbotax will automatically calculate the gains or losses for each transaction based on the cost basis and current market value. 5. Continue entering all your cryptocurrency transactions until you have included all relevant information. 6. Once you have entered all the necessary details, Turbotax will calculate your total gains or losses from cryptocurrency. 7. Review the calculated amounts and ensure everything is accurate. 8. Finally, proceed with the rest of your tax filing process as guided by Turbotax Premier 2017. Remember to consult with a tax professional or refer to the official Turbotax documentation for any specific questions or concerns you may have during the process.
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• Leelasri AMar 10, 2021 · 4 years ago
  Calculating cryptocurrency taxes can be a daunting task, but with Turbotax Premier 2017, it becomes much easier. Simply follow these steps: 1. Launch Turbotax Premier 2017 and select the 'Federal Taxes' tab. 2. Look for the 'Wages & Income' section and click on 'Start' next to 'Cryptocurrency'. 3. Enter the necessary details of your cryptocurrency transactions, such as the date, type of transaction, amount, and cost basis. 4. Turbotax will automatically calculate the gains or losses for each transaction based on the cost basis and current market value. 5. Keep entering all your cryptocurrency transactions until you have included all relevant information. 6. Once you have entered all the required details, Turbotax will calculate your total gains or losses from cryptocurrency. 7. Review the calculated amounts to ensure accuracy. 8. Proceed with the remaining tax filing process using Turbotax Premier 2017. Remember, it's always a good idea to consult with a tax professional or refer to the official Turbotax documentation for any specific questions or concerns.
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• AzeMmonstrDec 26, 2024 · 7 months ago
  Using Turbotax Premier 2017 to calculate your cryptocurrency taxes is a breeze! Just follow these simple steps: 1. Open Turbotax Premier 2017 and go to the 'Federal Taxes' section. 2. Look for the 'Wages & Income' category and click on 'Cryptocurrency' to get started. 3. Enter the details of your cryptocurrency transactions, including the type of transaction, date, amount, and cost basis. 4. Turbotax will automatically calculate the gains or losses for each transaction based on the cost basis and current market value. 5. Keep entering all your cryptocurrency transactions until you have included all relevant information. 6. Once you have entered all the necessary details, Turbotax will calculate your total gains or losses from cryptocurrency. 7. Double-check the calculated amounts for accuracy. 8. Proceed with the rest of your tax filing process using Turbotax Premier 2017. If you have any further questions or need assistance, feel free to reach out to the Turbotax support team.
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