Which tax software options are recommended for cryptocurrency traders instead of TurboTax?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One popular tax software option for cryptocurrency traders is CoinTracking. It offers a range of features tailored to cryptocurrency tax reporting, including automatic import of transactions from exchanges, calculation of capital gains and losses, and generation of tax reports. It's a comprehensive solution that can save you time and help you stay compliant with tax requirements.
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• May 01, 2022 · 3 years ago
  If you're looking for a user-friendly tax software, you might consider using CryptoTrader.Tax. It simplifies the process of calculating your cryptocurrency taxes by automatically importing your transactions and generating tax reports. It supports various tax methods, including FIFO, LIFO, and specific identification. With CryptoTrader.Tax, you can ensure accurate tax reporting without the hassle.
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• May 01, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers its own tax software solution for cryptocurrency traders. Their tax software is designed to streamline the tax reporting process, providing features such as transaction import, capital gains calculation, and tax report generation. It's worth considering if you're already using BYDFi as your preferred exchange and want an integrated solution for tax reporting.
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