Are there any options to use cryptocurrency when transitioning to TurboTax's free edition?

7 answers

• Prince KumarOct 01, 2020 · 5 years ago
  Unfortunately, TurboTax's free edition does not currently offer the option to pay with cryptocurrency. However, you can still include your cryptocurrency transactions in your tax filing by manually entering the relevant information. TurboTax provides a section specifically for reporting cryptocurrency transactions, so you can accurately report your gains, losses, and any other taxable events.
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• alireza konarizadeApr 04, 2025 · 3 months ago
  No, TurboTax's free edition does not support cryptocurrency payments. You will need to use traditional payment methods to pay for the service. However, you can still report your cryptocurrency transactions by using the appropriate forms and schedules provided by TurboTax. Make sure to accurately report your earnings and any applicable deductions to ensure compliance with tax regulations.
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• Naresh DewasiSep 01, 2020 · 5 years ago
  While TurboTax's free edition does not directly support cryptocurrency payments, you can use a third-party service like BYDFi to convert your cryptocurrency into fiat currency and then pay for TurboTax. BYDFi offers a seamless and secure way to convert your crypto assets into traditional currency, allowing you to easily cover the cost of TurboTax's services.
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• Schofield TerkelsenJul 20, 2021 · 4 years ago
  TurboTax's free edition does not have built-in support for cryptocurrency payments. However, you can still report your cryptocurrency transactions by manually entering the relevant information. TurboTax provides clear instructions on how to report your crypto activities, ensuring that you comply with tax regulations and accurately reflect your earnings.
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• jahnavi akkirajuJul 08, 2022 · 3 years ago
  Unfortunately, TurboTax's free edition does not currently accept cryptocurrency as a payment method. You will need to use traditional payment options to pay for the service. However, you can still report your cryptocurrency transactions by following TurboTax's guidelines and accurately filling out the necessary forms. Remember to keep track of your crypto activities throughout the year to ensure accurate reporting.
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• Gentry LaMartinAug 24, 2020 · 5 years ago
  No, TurboTax's free edition does not support cryptocurrency payments. However, you can still report your cryptocurrency transactions by manually entering the relevant information. TurboTax provides a user-friendly interface for reporting crypto activities, making it easy to include your transactions in your tax filing.
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• Juan E. Arango Z.Nov 29, 2022 · 3 years ago
  TurboTax's free edition does not directly accept cryptocurrency as a payment method. However, you can use other platforms to convert your cryptocurrency into fiat currency and then pay for TurboTax. Just make sure to accurately report your cryptocurrency transactions and consult with a tax professional if you have any specific questions about reporting crypto activities.
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