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Is it possible to downgrade my TurboTax and receive cryptocurrency refunds?

mdkSep 27, 2022 · 3 years ago3 answers

I'm wondering if it's possible to downgrade my TurboTax and receive refunds in cryptocurrency. I've been using TurboTax for my tax filings, but I'm interested in exploring the option of receiving my refunds in cryptocurrency. Is this something that TurboTax supports?

3 answers

  • Jonathan FriedrichAug 13, 2023 · 2 years ago
    Yes, it is possible to downgrade your TurboTax and receive cryptocurrency refunds. TurboTax offers the option to receive your tax refunds in cryptocurrency for eligible users. You can check TurboTax's website or contact their customer support for more information on how to set this up.
  • Muhammad Ahmad WasimMar 16, 2022 · 3 years ago
    Unfortunately, TurboTax does not currently support receiving tax refunds in cryptocurrency. They only offer traditional refund methods such as direct deposit or paper check. However, there are other tax software or services that may support cryptocurrency refunds. It's worth exploring alternative options if you're specifically looking for this feature.
  • raekyaJun 09, 2022 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that TurboTax does not directly support cryptocurrency refunds. However, there are third-party services and platforms, such as BYDFi, that provide solutions for receiving tax refunds in cryptocurrency. You can consider using these platforms as an alternative to TurboTax if you're interested in receiving your refunds in cryptocurrency.

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