How does turbotax's switch from online to desktop affect cryptocurrency investors?

3 answers

• Lane NormanMay 30, 2022 · 3 years ago
  As a cryptocurrency investor, the switch from online to desktop by turbotax can have some impact on your tax filing process. With the desktop version, you may need to manually update the software to ensure it supports the latest tax regulations and cryptocurrency reporting requirements. Additionally, you might experience a learning curve as you adapt to the new interface and features. However, the switch should not directly affect your cryptocurrency investments or their performance.
  488

  244
• SIDESH S AI-DSJan 09, 2025 · 7 months ago
  Hey there, fellow crypto investor! The switch from turbotax's online platform to desktop shouldn't cause any major disruptions to your crypto journey. You might need to download and install the desktop software, but the overall process of reporting your cryptocurrency investments and calculating taxes should remain similar. Just make sure to stay updated with the latest tax regulations and guidelines to accurately report your gains and losses. Happy hodling!
  462

  154
• Broe AycockAug 15, 2022 · 3 years ago
  At BYDFi, we understand the concerns of cryptocurrency investors regarding turbotax's switch from online to desktop. Rest assured, this change should not have a significant impact on your tax filing process. The transition may require you to install the desktop software, but the functionality and features for reporting cryptocurrency investments should remain intact. Remember to stay informed about the latest tax regulations and consult with a tax professional if needed. Happy trading!
  490

  123