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Can I use my turbotax software from last year to calculate my cryptocurrency taxes?

avatarNika KovalenkoJan 14, 2022 · 3 years ago3 answers

I used TurboTax software last year to file my taxes. Can I use the same software to calculate my cryptocurrency taxes this year?

Can I use my turbotax software from last year to calculate my cryptocurrency taxes?
Cryptocurrency
Taxes
TurboTax

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Yes, you can use your TurboTax software from last year to calculate your cryptocurrency taxes. TurboTax has updated their software to include cryptocurrency tax reporting. Simply update your software to the latest version and follow the instructions to input your cryptocurrency transactions and calculate your taxes.
  • avatarJan 14, 2022 · 3 years ago
    Absolutely! TurboTax is one of the most popular tax software options and they have recognized the growing importance of cryptocurrency. They have made the necessary updates to their software to ensure accurate calculation of cryptocurrency taxes. Just make sure you have the latest version installed and follow the prompts to enter your cryptocurrency transactions.
  • avatarJan 14, 2022 · 3 years ago
    Yes, you can use TurboTax software to calculate your cryptocurrency taxes. However, it's important to note that TurboTax may not support all types of cryptocurrency transactions. If you have complex transactions or use multiple exchanges, you may need to consult a tax professional or consider using specialized cryptocurrency tax software.

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