Which turbotax version, deluxe or premier, is better suited for reporting cryptocurrency transactions?

3 answers

• MacKinnon KeeganMay 30, 2021 · 4 years ago
  Both TurboTax Deluxe and Premier versions can handle cryptocurrency tax reporting. However, the Premier version offers more advanced features and is better suited for individuals with complex cryptocurrency transactions. It provides additional guidance and support for reporting capital gains, losses, and other tax implications related to cryptocurrencies. If you have a large number of cryptocurrency transactions or engage in trading activities frequently, the Premier version would be a more suitable choice to ensure accurate and comprehensive reporting.
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• As gaming ZoneSep 14, 2022 · 3 years ago
  When it comes to reporting cryptocurrency transactions, both TurboTax Deluxe and Premier versions can get the job done. However, if you want a more comprehensive and detailed approach, the Premier version might be a better fit. It offers additional features and guidance specifically tailored to handling complex cryptocurrency tax situations. So, if you have multiple wallets, engage in mining, or have a significant number of transactions, the Premier version would be a wise choice to ensure you cover all the necessary tax reporting requirements.
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• Lotanna NnoshiriApr 10, 2024 · a year ago
  As a representative of BYDFi, I would recommend using TurboTax Premier for reporting cryptocurrency transactions. It is designed to handle more complex tax situations, including those related to cryptocurrencies. With its advanced features and comprehensive guidance, you can ensure accurate reporting of your cryptocurrency transactions and comply with tax regulations. TurboTax Premier offers a user-friendly interface and step-by-step instructions, making it easier for individuals to navigate through the process of reporting their cryptocurrency activities. Whether you are a beginner or an experienced cryptocurrency investor, TurboTax Premier can provide the necessary tools and support for efficient tax reporting.
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