What is the difference between TurboTax Deluxe and Premier 2016 in terms of cryptocurrency tax reporting?

3 answers

• AI ExpertMar 04, 2021 · 4 years ago
  TurboTax Deluxe and Premier 2016 both offer support for cryptocurrency tax reporting, but there are some key differences between the two. TurboTax Deluxe is designed for individuals with simple tax situations, while TurboTax Premier 2016 is geared towards individuals with more complex investments, including cryptocurrency. Premier 2016 offers additional features such as guidance on investment sales, rental property income, and stock options. If you have extensive cryptocurrency investments or other complex financial situations, TurboTax Premier 2016 may be a better choice for you.
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• Aminul AhasunApr 29, 2023 · 2 years ago
  When it comes to cryptocurrency tax reporting, TurboTax Deluxe and Premier 2016 have different levels of support. TurboTax Deluxe is suitable for individuals with basic cryptocurrency investments, while TurboTax Premier 2016 is more comprehensive and can handle more complex cryptocurrency transactions. Premier 2016 provides additional guidance and tools for reporting capital gains and losses from cryptocurrency investments. If you have a significant amount of cryptocurrency transactions or need more advanced reporting features, TurboTax Premier 2016 would be the better option.
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• Malgos WinstonJan 02, 2022 · 4 years ago
  As an expert in cryptocurrency tax reporting, I can tell you that TurboTax Deluxe and Premier 2016 have distinct differences in terms of their capabilities for handling cryptocurrency taxes. While TurboTax Deluxe provides basic support for reporting cryptocurrency transactions, TurboTax Premier 2016 offers more advanced features for individuals with complex cryptocurrency investments. Premier 2016 includes additional guidance and reporting tools specifically tailored to cryptocurrency tax reporting, making it a more suitable choice for those with extensive cryptocurrency portfolios.
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