What is the best way to report cryptocurrency gains and losses with TurboTax Basic Federal and State?

1 answers

• May 01, 2022 · 3 years ago
  BYDFi offers a seamless integration with TurboTax Basic Federal and State for reporting cryptocurrency gains and losses. With BYDFi, you can easily import your transaction data into TurboTax, saving you time and effort. Simply connect your BYDFi account to TurboTax, and all your transactions will be automatically imported. From there, you can review and confirm the imported data before finalizing your tax return. BYDFi also provides comprehensive tax reports and summaries, making it even easier to report your cryptocurrency gains and losses accurately. Remember to consult with a tax professional for personalized advice and guidance on reporting your cryptocurrency taxes.
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