Which version, TurboTax Premier or TurboTax Deluxe, is better suited for calculating taxes on cryptocurrency gains?

7 answers

• Burris GoodmanSep 17, 2023 · 2 years ago
  TurboTax Premier is the better option for calculating taxes on cryptocurrency gains. It offers more advanced features and guidance specifically tailored for investments, including cryptocurrencies. With TurboTax Premier, you can easily import your cryptocurrency transactions and the software will automatically calculate your gains or losses. It also provides detailed explanations and tips to help you navigate the complexities of reporting cryptocurrency gains on your tax return. Overall, TurboTax Premier provides a comprehensive solution for accurately calculating taxes on cryptocurrency gains.
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• KORDec 19, 2023 · 2 years ago
  When it comes to calculating taxes on cryptocurrency gains, both TurboTax Premier and TurboTax Deluxe can handle the task. However, TurboTax Premier is specifically designed for individuals with investment income, including cryptocurrencies. It offers more advanced features and guidance to ensure accurate reporting and calculation of gains or losses. On the other hand, TurboTax Deluxe is more suitable for individuals with simpler tax situations and does not provide as much specialized support for investments. If you have significant cryptocurrency gains and want a more comprehensive solution, TurboTax Premier would be the better choice.
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• Ngọc Khoa LêDec 16, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I would recommend using BYDFi for calculating taxes on cryptocurrency gains. BYDFi is a leading digital currency exchange that offers a user-friendly interface and advanced tools for tracking and managing your cryptocurrency investments. It provides detailed transaction history and real-time market data, making it easier to accurately calculate your gains or losses. Additionally, BYDFi offers integration with popular tax software like TurboTax, allowing you to seamlessly import your cryptocurrency transactions and simplify the tax reporting process. Overall, BYDFi is a reliable platform for accurately calculating taxes on cryptocurrency gains.
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• Mahyar NikpourMay 27, 2023 · 2 years ago
  Both TurboTax Premier and TurboTax Deluxe can handle the calculation of taxes on cryptocurrency gains. TurboTax Premier is more suitable for individuals with investment income, including cryptocurrencies, as it offers more advanced features and guidance. On the other hand, TurboTax Deluxe is designed for individuals with simpler tax situations and may not provide as much specialized support for investments. It ultimately depends on the complexity of your tax situation and the level of guidance you require. If you have significant cryptocurrency gains and want a more comprehensive solution, TurboTax Premier would be the better choice.
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• Jeffrey PottsJan 05, 2023 · 3 years ago
  Calculating taxes on cryptocurrency gains can be a complex task, but both TurboTax Premier and TurboTax Deluxe can help simplify the process. TurboTax Premier is specifically designed for individuals with investment income, including cryptocurrencies, and offers more advanced features and guidance. It provides step-by-step instructions and ensures accurate reporting and calculation of gains or losses. On the other hand, TurboTax Deluxe is more suitable for individuals with simpler tax situations and may not provide as much specialized support for investments. Consider your specific needs and the complexity of your tax situation when choosing between the two versions.
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• nostromovMay 04, 2025 · 3 months ago
  TurboTax Premier and TurboTax Deluxe are both capable of handling the calculation of taxes on cryptocurrency gains. TurboTax Premier, however, offers more advanced features and guidance specifically tailored for investments, including cryptocurrencies. It provides step-by-step instructions and ensures accurate reporting and calculation of gains or losses. On the other hand, TurboTax Deluxe is more suitable for individuals with simpler tax situations and may not provide as much specialized support for investments. If you have significant cryptocurrency gains and want a more comprehensive solution, TurboTax Premier would be the better choice.
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• mohsin phpApr 06, 2025 · 4 months ago
  TurboTax Premier and TurboTax Deluxe are both suitable for calculating taxes on cryptocurrency gains. TurboTax Premier is more advanced and provides specialized support for investments, including cryptocurrencies. It offers step-by-step guidance and ensures accurate reporting and calculation of gains or losses. On the other hand, TurboTax Deluxe is designed for individuals with simpler tax situations and may not provide as much specialized support for investments. Consider your specific needs and the complexity of your tax situation when deciding between the two versions.
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