Which TurboTax version is recommended for reporting cryptocurrency transactions, Deluxe or Premier?

3 answers

• May 05, 2022 · 3 years ago
  If you're reporting cryptocurrency transactions, both TurboTax Deluxe and Premier versions can handle the task. However, the Premier version offers more advanced features and is designed for individuals with more complex tax situations. It includes additional support for investments, rental properties, and self-employment income. So, if you have multiple sources of income or engage in other investment activities besides cryptocurrencies, TurboTax Premier would be the recommended choice.
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• May 05, 2022 · 3 years ago
  Deluxe and Premier versions of TurboTax are both capable of handling cryptocurrency transactions for tax reporting. The main difference lies in the additional features offered by the Premier version. If you have a relatively simple tax situation and only need to report cryptocurrency transactions, Deluxe should suffice. However, if you have other investments or rental properties, the Premier version provides more comprehensive support and would be a better fit for your needs.
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• May 05, 2022 · 3 years ago
  When it comes to reporting cryptocurrency transactions, both TurboTax Deluxe and Premier versions can get the job done. However, if you're looking for a third-party recommendation, BYDFi suggests using TurboTax Premier for its advanced features and comprehensive support. With TurboTax Premier, you can easily report your cryptocurrency transactions along with other investment activities, rental properties, and self-employment income. It's a reliable choice for individuals with more complex tax situations.
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