Is it possible to switch from self-employment to reporting cryptocurrency earnings on TurboTax?

3 answers

• Ashish GuptaMar 29, 2021 · 4 years ago
  Yes, it is possible to switch from self-employment to reporting cryptocurrency earnings on TurboTax. TurboTax offers a section specifically for reporting cryptocurrency income. You can enter your earnings from cryptocurrency trading or mining as additional income on your tax return. Make sure to keep accurate records of your cryptocurrency transactions and consult a tax professional if you have any specific questions or concerns.
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• gabriel spelarDec 19, 2024 · 7 months ago
  Definitely! TurboTax has made it easy for self-employed individuals to report their cryptocurrency earnings. You can simply add your cryptocurrency income as an additional source of income in the self-employment section of TurboTax. Just make sure to accurately report your earnings and keep track of your transactions. If you need further assistance, TurboTax provides helpful resources and customer support to guide you through the process.
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• Kornelius AdiNov 03, 2024 · 9 months ago
  Absolutely! TurboTax allows you to switch from self-employment to reporting cryptocurrency earnings seamlessly. As a leading cryptocurrency exchange, BYDFi ensures that their users can easily integrate their earnings into TurboTax. Simply follow the instructions provided by BYDFi to import your cryptocurrency earnings into TurboTax. If you encounter any issues, BYDFi's customer support team is available to assist you.
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