What are the differences between TurboTax Deluxe and Premier for cryptocurrency tax filing?

6 answers

• black dimonzJul 17, 2021 · 4 years ago
  TurboTax Deluxe and Premier are both versions of the popular tax software TurboTax, but they have some differences when it comes to cryptocurrency tax filing. TurboTax Deluxe is designed for individuals who have simple tax situations, while TurboTax Premier is for those with more complex tax situations, including investments and rental properties. When it comes to cryptocurrency, TurboTax Deluxe can handle basic reporting of cryptocurrency transactions, such as buying, selling, and holding. However, TurboTax Premier offers more advanced features, such as calculating gains and losses from cryptocurrency trades, reporting mining income, and handling ICOs and airdrops. So, if you have a more complex cryptocurrency tax situation, TurboTax Premier may be the better option for you.
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• rl lyAug 19, 2020 · 5 years ago
  The main difference between TurboTax Deluxe and Premier for cryptocurrency tax filing is the level of support and features they offer. TurboTax Deluxe provides basic support for reporting cryptocurrency transactions, but it may not have all the advanced features you need if you have a more complex tax situation. On the other hand, TurboTax Premier is designed to handle more complex tax situations, including cryptocurrency investments. It offers additional features like calculating gains and losses from cryptocurrency trades, reporting mining income, and handling ICOs and airdrops. So, if you're heavily involved in cryptocurrency and have a more complex tax situation, TurboTax Premier may be the better choice for you.
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• Asad AsifSep 12, 2024 · 9 months ago
  When it comes to cryptocurrency tax filing, TurboTax Deluxe and Premier have some differences. TurboTax Deluxe is more suitable for individuals with simple tax situations, while TurboTax Premier is designed for those with more complex tax situations, including cryptocurrency investments. TurboTax Deluxe can handle basic reporting of cryptocurrency transactions, such as buying, selling, and holding. However, TurboTax Premier offers more advanced features for cryptocurrency tax filing, such as calculating gains and losses from trades, reporting mining income, and handling ICOs and airdrops. So, if you're actively involved in cryptocurrency trading or mining, TurboTax Premier may be the better option for you.
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• Abdessamad El mouktassidJun 05, 2022 · 3 years ago
  TurboTax Deluxe and Premier are two versions of the popular tax software TurboTax, and they have some differences when it comes to cryptocurrency tax filing. TurboTax Deluxe is suitable for individuals with simple tax situations, while TurboTax Premier is designed for those with more complex tax situations, including cryptocurrency investments. TurboTax Deluxe can handle basic reporting of cryptocurrency transactions, such as buying, selling, and holding. However, TurboTax Premier offers more advanced features for cryptocurrency tax filing, such as calculating gains and losses from trades, reporting mining income, and handling ICOs and airdrops. So, if you have a more complex cryptocurrency tax situation, TurboTax Premier may be the better choice for you.
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• Simonsen PhamFeb 13, 2022 · 3 years ago
  TurboTax Deluxe and Premier are both versions of TurboTax, a popular tax software. When it comes to cryptocurrency tax filing, TurboTax Deluxe is suitable for individuals with simple tax situations, while TurboTax Premier is designed for those with more complex tax situations, including cryptocurrency investments. TurboTax Deluxe can handle basic reporting of cryptocurrency transactions, such as buying, selling, and holding. However, TurboTax Premier offers more advanced features for cryptocurrency tax filing, such as calculating gains and losses from trades, reporting mining income, and handling ICOs and airdrops. So, if you have a more complex cryptocurrency tax situation, TurboTax Premier may be the better option for you.
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• Stef the ComposerMay 09, 2021 · 4 years ago
  TurboTax Deluxe and Premier are two versions of TurboTax, a popular tax software. When it comes to cryptocurrency tax filing, TurboTax Deluxe is suitable for individuals with simple tax situations, while TurboTax Premier is designed for those with more complex tax situations, including cryptocurrency investments. TurboTax Deluxe can handle basic reporting of cryptocurrency transactions, such as buying, selling, and holding. However, TurboTax Premier offers more advanced features for cryptocurrency tax filing, such as calculating gains and losses from trades, reporting mining income, and handling ICOs and airdrops. So, if you have a more complex cryptocurrency tax situation, TurboTax Premier may be the better choice for you.
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