How can I use TurboTax Online Premier to review and assist with cryptocurrency taxes?

3 answers

• Rachael McCueJan 08, 2023 · 2 years ago
  Sure! Here's a step-by-step guide on how to use TurboTax Online Premier for cryptocurrency taxes: 1. Sign in to your TurboTax account or create a new one if you don't have an account. 2. Select the 'Federal' tab and then click on 'Start' under the 'Personal Income' section. 3. On the 'Personal Info' page, enter your personal details and click 'Continue'. 4. When you reach the 'Income' section, click on 'Add more income' and select 'Cryptocurrency' from the options. 5. Enter the necessary information about your cryptocurrency transactions, including the type of cryptocurrency, date of acquisition, and sale price. 6. TurboTax will automatically calculate your gains or losses based on the information provided. 7. Continue through the rest of the tax filing process, answering any additional questions that TurboTax asks. 8. Review your tax return and make any necessary edits. 9. Once you're satisfied with your return, you can file it electronically through TurboTax. That's it! TurboTax Online Premier makes it easy to review and assist with cryptocurrency taxes. If you have any specific questions or run into any issues, feel free to ask for further assistance.
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• Ashraful IslamDec 30, 2020 · 4 years ago
  Using TurboTax Online Premier for cryptocurrency taxes is a straightforward process. Here are the steps: 1. Log in to your TurboTax account or create a new one if you don't have an account. 2. Select the 'Federal' tab and click on 'Start' under the 'Personal Income' section. 3. Enter your personal information on the 'Personal Info' page and click 'Continue'. 4. In the 'Income' section, click on 'Add more income' and choose 'Cryptocurrency'. 5. Fill in the details of your cryptocurrency transactions, such as the type of cryptocurrency, date of acquisition, and sale price. 6. TurboTax will automatically calculate your gains or losses based on the information provided. 7. Proceed with the rest of the tax filing process, answering any additional questions as prompted. 8. Review your tax return and make any necessary adjustments. 9. Once you're satisfied, you can electronically file your return using TurboTax. That's all there is to it! TurboTax Online Premier simplifies the process of reviewing and assisting with cryptocurrency taxes, ensuring accurate and efficient tax filing.
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• Jati UtamiJun 05, 2021 · 4 years ago
  Using TurboTax Online Premier to review and assist with cryptocurrency taxes is a breeze. Here's how: 1. Log in to your TurboTax account or create a new one if you're new to TurboTax. 2. Under the 'Federal' tab, click on 'Start' in the 'Personal Income' section. 3. Fill in your personal information on the 'Personal Info' page and click 'Continue'. 4. In the 'Income' section, click on 'Add more income' and select 'Cryptocurrency'. 5. Enter the details of your cryptocurrency transactions, including the type of cryptocurrency, acquisition date, and sale price. 6. TurboTax will automatically calculate your gains or losses based on the information provided. 7. Proceed through the rest of the tax filing process, answering any additional questions TurboTax asks. 8. Take a moment to review your tax return and make any necessary changes. 9. Once you're satisfied, you can electronically file your return using TurboTax. That's it! TurboTax Online Premier streamlines the process of reviewing and assisting with cryptocurrency taxes, making tax filing a breeze.
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