What are the best tax software options for reporting cryptocurrency gains - TurboTax online or desktop?

3 answers

• Dec 26, 2021 · 3 years ago
  As a tax expert, I would recommend TurboTax online for reporting cryptocurrency gains. It offers a user-friendly interface and provides step-by-step guidance to help you accurately report your gains. With TurboTax online, you can easily import your cryptocurrency transactions and calculate your gains automatically. It also keeps up with the latest tax laws and regulations, ensuring that you stay compliant. Overall, TurboTax online is a reliable and convenient option for reporting cryptocurrency gains.
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• Dec 26, 2021 · 3 years ago
  I've used both TurboTax online and TurboTax desktop for reporting my cryptocurrency gains. In my experience, TurboTax online is more convenient and easier to use. It allows you to access your tax information from any device with an internet connection, which is great for people who are always on the go. TurboTax desktop, on the other hand, requires you to install the software on your computer and can only be accessed from that specific device. If you prefer flexibility and convenience, I would recommend TurboTax online for reporting your cryptocurrency gains.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using TurboTax online for reporting cryptocurrency gains. They have integrated TurboTax online into their platform, making it seamless for users to import their transaction data and calculate their gains. TurboTax online also provides comprehensive support and resources specifically tailored to cryptocurrency reporting. With its user-friendly interface and advanced features, TurboTax online is a top choice for cryptocurrency traders.
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