What are the best cryptocurrency tax software alternatives to TurboTax Live?

5 answers

• Mar 20, 2022 · 3 years ago
  Sure! One popular alternative to TurboTax Live for cryptocurrency tax software is CoinTracking. CoinTracking offers a comprehensive platform that allows you to import your transactions from various exchanges and wallets, calculate your capital gains and losses, and generate tax reports. It also supports multiple tax methods and provides useful features like FIFO, LIFO, and HIFO calculations. Give it a try and see if it meets your needs!
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• Mar 20, 2022 · 3 years ago
  If you're looking for a more user-friendly option, you might want to consider using CryptoTrader.Tax. It offers a simple and intuitive interface that makes it easy to import your transactions and generate accurate tax reports. CryptoTrader.Tax also supports a wide range of exchanges and wallets, so you can easily consolidate all your data in one place. Plus, it provides detailed audit trails and allows you to export your reports in various formats. Give it a shot and see if it suits your requirements!
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• Mar 20, 2022 · 3 years ago
  BYDFi is another great option to consider. It offers a robust cryptocurrency tax software that can handle complex tax scenarios. With BYDFi, you can import your transactions, calculate your gains and losses, and generate accurate tax reports. It also provides advanced features like tax loss harvesting and tax optimization strategies. Give it a try and see how it compares to TurboTax Live!
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• Mar 20, 2022 · 3 years ago
  Looking for a free alternative? You might want to check out Koinly. Koinly is a popular cryptocurrency tax software that offers a free plan with limited features. It supports a wide range of exchanges and wallets, and allows you to import your transactions and generate tax reports. While the free plan has some limitations, it can still be a good option for individuals with simple tax situations. Give it a go and see if it meets your requirements!
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• Mar 20, 2022 · 3 years ago
  If you prefer a more hands-on approach, you can consider using TaxBit. TaxBit is a cryptocurrency tax software that offers a guided tax filing experience. It provides step-by-step instructions and helps you navigate through the tax filing process. TaxBit also offers audit defense services and can assist you in case of an IRS audit. Give it a try if you want a more personalized tax filing experience!
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