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How to resolve issues with installing TurboTax 2021 for reporting cryptocurrency earnings?

avatarDaxit ThesiyaDec 25, 2021 · 3 years ago3 answers

I am having trouble installing TurboTax 2021 to report my cryptocurrency earnings. Can anyone provide guidance on how to resolve this issue? I have followed the installation instructions, but the program won't open. What could be causing this problem and how can I fix it?

How to resolve issues with installing TurboTax 2021 for reporting cryptocurrency earnings?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One possible reason for the issue could be an incompatible operating system. Make sure that your computer meets the minimum system requirements for TurboTax 2021. Additionally, try running the program as an administrator or in compatibility mode if you are using an older version of Windows. If the problem persists, you may need to contact TurboTax support for further assistance.
  • avatarDec 25, 2021 · 3 years ago
    I had a similar issue with TurboTax 2020, and I was able to resolve it by temporarily disabling my antivirus software. Sometimes antivirus programs can interfere with the installation process. Try disabling any antivirus or security software you have running and see if that helps. Just remember to re-enable it once the installation is complete.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we recommend using our built-in tax reporting tool for cryptocurrency earnings. It seamlessly integrates with popular tax software like TurboTax and simplifies the process of reporting your earnings. With BYDFi's tax reporting tool, you can easily import your transaction history and generate accurate tax reports. It's a convenient solution for crypto traders who want to stay compliant with tax regulations.