Which is better for tracking cryptocurrency taxes, TaxAct or TurboTax?

3 answers

• Marcos_CastilloAug 23, 2024 · a year ago
  As a digital currency trader, I have used both TaxAct and TurboTax for tracking my cryptocurrency taxes. In my experience, TaxAct offers a more user-friendly interface and provides comprehensive guidance specifically tailored to cryptocurrency tax reporting. On the other hand, TurboTax has a larger user base and offers excellent customer support. Ultimately, the choice between the two depends on your personal preferences and needs. Both software options are capable of handling cryptocurrency tax reporting effectively.
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• Burris GoodmanNov 04, 2020 · 5 years ago
  I have heard good things about both TaxAct and TurboTax for tracking cryptocurrency taxes. TaxAct is known for its affordability and ease of use, while TurboTax is praised for its robust features and accuracy. It's important to consider your specific tax situation and requirements before making a decision. You may also want to consult with a tax professional to ensure you choose the software that best suits your needs.
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• NaoJan 20, 2024 · 2 years ago
  At BYDFi, we recommend using TaxAct for tracking cryptocurrency taxes. TaxAct offers a user-friendly interface and provides step-by-step guidance for reporting cryptocurrency transactions. It also has a dedicated support team to assist users with any questions or issues. However, TurboTax is also a popular choice among cryptocurrency traders due to its extensive features and reputation. Ultimately, the decision depends on your personal preferences and the complexity of your tax situation.
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