How does Turbo Tax Deluxe handle cryptocurrency taxes and what is the associated cost?

3 answers

• Cary Fant IVJun 15, 2020 · 5 years ago
  Turbo Tax Deluxe is a popular tax preparation software that offers support for reporting cryptocurrency taxes. It provides a user-friendly interface where you can input your cryptocurrency transactions and calculate your tax liability. The software automatically calculates your gains or losses based on the cost basis and fair market value of your cryptocurrencies. Turbo Tax Deluxe also helps you with the necessary tax forms, such as Form 8949 and Schedule D, which are required for reporting cryptocurrency transactions. As for the cost, Turbo Tax Deluxe offers different pricing plans depending on your needs. You can check their website for the most up-to-date pricing information.
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• Nityam RajDec 24, 2023 · 2 years ago
  When it comes to handling cryptocurrency taxes, Turbo Tax Deluxe is a reliable choice. With its intuitive interface, you can easily enter your cryptocurrency transactions and let the software do the calculations for you. Turbo Tax Deluxe takes into account the cost basis and fair market value of your cryptocurrencies to accurately calculate your gains or losses. It also provides guidance on how to report your cryptocurrency transactions on your tax forms. As for the cost, Turbo Tax Deluxe offers various pricing options to suit different budgets. You can visit their website to compare the pricing plans and choose the one that best fits your needs.
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• João RuasJan 27, 2024 · a year ago
  Turbo Tax Deluxe is known for its comprehensive tax preparation services, and it also includes support for cryptocurrency taxes. With Turbo Tax Deluxe, you can easily import your cryptocurrency transactions and let the software handle the calculations for you. It takes into account factors such as the cost basis and fair market value of your cryptocurrencies to accurately calculate your tax liability. As for the cost, Turbo Tax Deluxe offers different pricing plans to cater to different users. You can find more information about the pricing on their website. Please note that this answer is provided by a third party and not by BYDFi.
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