How does turbotax accuracy guarantee apply to cryptocurrency transactions?

3 answers

• Dec 26, 2021 · 3 years ago
  Certainly! The turbotax accuracy guarantee applies to cryptocurrency transactions just like any other type of financial transaction. If you use turbotax to file your taxes and there's an error or mistake related to your cryptocurrency transactions, turbotax will reimburse you for any penalties and interest that result from the error. However, it's important to note that the accuracy guarantee only covers mistakes made by turbotax itself, not mistakes made by the user. So, it's still crucial to ensure that you accurately report your cryptocurrency transactions to the best of your knowledge.
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• Dec 26, 2021 · 3 years ago
  Turbotax's accuracy guarantee is a great feature for cryptocurrency traders. It provides peace of mind knowing that if there's an error related to your cryptocurrency transactions, turbotax will take responsibility for any resulting penalties and interest. This can be especially helpful considering the complex nature of cryptocurrency taxation. However, it's important to keep in mind that the accuracy guarantee doesn't cover mistakes made by the user, so it's crucial to double-check your entries and ensure accurate reporting.
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• Dec 26, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi doesn't have a direct relationship with turbotax or its accuracy guarantee. However, it's worth noting that turbotax's accuracy guarantee applies to cryptocurrency transactions regardless of the exchange used. So, if you're using BYDFi or any other exchange to trade cryptocurrencies, you can still benefit from turbotax's accuracy guarantee as long as you use turbotax to file your taxes.
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