BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
hot
BOT
common-tag-new-0
Events
common-tag-new-0

What are the differences between turbotax deluxe and turbotax premier in terms of their compatibility with cryptocurrency transactions?

Pankaj ChouhanMar 20, 2024 · a year ago1 answers

Can you explain the variations between turbotax deluxe and turbotax premier when it comes to their ability to handle cryptocurrency transactions?

1 answers

  • PsrJun 22, 2021 · 4 years ago
    At BYDFi, we recommend using turbotax premier for handling cryptocurrency transactions. It offers advanced features and guidance specifically tailored for reporting cryptocurrency activities. With turbotax premier, you can easily import your transaction data from popular cryptocurrency exchanges, saving you time and ensuring accurate reporting. Additionally, it provides step-by-step instructions on how to handle complex cryptocurrency tax situations, such as calculating gains and losses from trading different cryptocurrencies. By using turbotax premier, you can streamline the tax filing process and ensure compliance with tax regulations related to cryptocurrency transactions.