How does TurboTax Deluxe compare to Premier for filing taxes on cryptocurrency gains?

3 answers

• Coffey StampeJul 01, 2020 · 5 years ago
  TurboTax Deluxe and Premier are both popular versions of TurboTax software that can be used to file taxes on cryptocurrency gains. However, there are some key differences between the two. Deluxe is the more basic version and is suitable for individuals with simple tax situations. It offers step-by-step guidance for reporting income and deductions, including cryptocurrency gains. Premier, on the other hand, is designed for individuals with more complex tax situations, such as those who have multiple investments or rental properties. It includes all the features of Deluxe, plus additional support for reporting investment income and rental property income. In terms of pricing, Deluxe is generally cheaper than Premier. However, if you have significant investment income or rental property income, it may be worth upgrading to Premier for the additional support and features. Both versions of TurboTax offer customer support, but Premier users may have access to more specialized support for investment and rental property-related questions. Overall, the choice between TurboTax Deluxe and Premier depends on your individual tax situation and the level of support and features you require.
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• Jam ArdinesFeb 17, 2024 · 2 years ago
  When it comes to filing taxes on cryptocurrency gains, TurboTax Deluxe and Premier are both viable options. Deluxe is the more affordable version and is suitable for individuals with straightforward tax situations. It provides guidance on reporting cryptocurrency gains and helps you maximize your deductions. Premier, on the other hand, is designed for individuals with more complex tax situations, such as those who have significant investment income or rental properties. It offers all the features of Deluxe, plus additional support for reporting investment income and rental property income. In terms of pricing, Deluxe is generally cheaper than Premier. However, if you have complex tax situations involving cryptocurrency gains, it may be worth considering the upgrade to Premier for the extra support and features. Both versions of TurboTax offer customer support, so you can get help if you run into any issues while filing your taxes. Ultimately, the choice between Deluxe and Premier depends on your specific tax situation and the level of support you need.
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• SundaemonSep 01, 2020 · 5 years ago
  As an expert in the field, I can provide some insights on the comparison between TurboTax Deluxe and Premier for filing taxes on cryptocurrency gains. TurboTax Deluxe is a more basic version of the software, suitable for individuals with simple tax situations. It provides step-by-step guidance for reporting income and deductions, including cryptocurrency gains. On the other hand, TurboTax Premier is designed for individuals with more complex tax situations, such as those who have multiple investments or rental properties. It includes all the features of Deluxe, plus additional support for reporting investment income and rental property income. In terms of pricing, Deluxe is generally cheaper than Premier. However, if you have significant investment income or rental property income, it may be worth upgrading to Premier for the additional support and features. Both versions of TurboTax offer customer support, so you can get assistance if you encounter any issues while filing your taxes. Overall, the choice between Deluxe and Premier depends on your specific tax situation and the level of support you require.
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