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How can I file my cryptocurrency earnings for free on TurboTax Canada in 2022?

TRGMay 02, 2022 · 3 years ago1 answers

I'm a Canadian resident and I've earned some money from cryptocurrency trading in 2022. I want to file my taxes using TurboTax Canada, but I'm not sure how to report my cryptocurrency earnings. Can anyone guide me on how to file my cryptocurrency earnings for free on TurboTax Canada in 2022?

1 answers

  • May 02, 2022 · 3 years ago
    As a Canadian resident, you can file your cryptocurrency earnings for free on TurboTax Canada in 2022. TurboTax Canada provides a user-friendly interface that makes it easy to report your earnings accurately. Simply follow these steps: 1. Log in to your TurboTax Canada account or create a new one if you're a first-time user. 2. Navigate to the section for reporting your income. 3. Look for the option to report cryptocurrency earnings or investment income. 4. Enter the relevant details, such as the amount of earnings and the type of cryptocurrency you traded. 5. TurboTax Canada will handle the calculations and generate your tax return. 6. Review your return to ensure accuracy. 7. When you're ready, submit your tax return electronically. By following these steps, you'll be able to file your cryptocurrency earnings for free on TurboTax Canada in 2022. Remember to keep records of your cryptocurrency transactions for future reference.