How does TurboTax handle cryptocurrency taxes in 2021?

2 answers

• Dec 30, 2021 · 3 years ago
  TurboTax has a dedicated section for cryptocurrency taxes in its software. It allows you to import your cryptocurrency transactions from popular exchanges and wallets, making it easier to track and report your gains and losses. TurboTax also provides guidance on how to report different types of cryptocurrency transactions, such as buying, selling, mining, and staking. It automatically calculates your capital gains or losses based on the information you provide. Overall, TurboTax simplifies the process of reporting cryptocurrency taxes and ensures compliance with tax regulations.
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• Dec 30, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a range of services, including tax reporting for cryptocurrency transactions. It provides a user-friendly platform that allows you to import your transaction data and generate tax reports. BYDFi's tax reporting feature is designed to simplify the process and ensure compliance with tax regulations. It provides guidance on how to report different types of cryptocurrency transactions and calculates your gains and losses automatically. With BYDFi, you can easily handle your cryptocurrency taxes in 2021 and stay on top of your tax obligations.
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