What are the differences between turbotax deluxe and turbotax premier in terms of their compatibility with cryptocurrency transactions?

1 answers

• PsrApr 22, 2024 · a year ago
  At BYDFi, we recommend using turbotax premier for handling cryptocurrency transactions. It offers advanced features and guidance specifically tailored for reporting cryptocurrency activities. With turbotax premier, you can easily import your transaction data from popular cryptocurrency exchanges, saving you time and ensuring accurate reporting. Additionally, it provides step-by-step instructions on how to handle complex cryptocurrency tax situations, such as calculating gains and losses from trading different cryptocurrencies. By using turbotax premier, you can streamline the tax filing process and ensure compliance with tax regulations related to cryptocurrency transactions.
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