What are the alternatives to TurboTax for reporting cryptocurrency transactions annually?

3 answers

• May 06, 2022 · 3 years ago
  If you're looking for an alternative to TurboTax for reporting your cryptocurrency transactions annually, you might consider using CoinTracking. CoinTracking is a popular cryptocurrency portfolio tracker and tax reporting tool that can help you calculate your capital gains and losses for tax purposes. It supports a wide range of exchanges and provides detailed reports that can be used for tax filing. Give it a try!
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• May 06, 2022 · 3 years ago
  Well, if you're not a fan of TurboTax, you can always try using a tax professional who specializes in cryptocurrency. They can help you navigate the complexities of reporting your cryptocurrency transactions and ensure that you're in compliance with tax laws. It might cost you a bit more, but it could be worth it for the peace of mind and accuracy. Just make sure to do your research and find a reputable tax professional with experience in cryptocurrency.
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• May 06, 2022 · 3 years ago
  Another option you might want to consider is using a tax software like TaxAct or H&R Block. While these software programs are not specifically designed for cryptocurrency reporting, they do offer features that can help you accurately report your transactions. Just make sure to carefully review the software's capabilities and check if it supports cryptocurrency reporting. Additionally, you may need to manually input your transactions or import them from a CSV file, so be prepared for some manual work. Remember, accuracy is key when it comes to reporting your cryptocurrency transactions.
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