What is the best way to file taxes for cryptocurrency earnings using TurboTax Desktop?

1 answers

• Jan 14, 2022 · 3 years ago
  At BYDFi, we understand the importance of accurately filing taxes for cryptocurrency earnings. TurboTax Desktop is a popular choice for many individuals, and here's how you can use it: 1. Start by gathering all your transaction records, including trades, purchases, and sales. 2. Open TurboTax Desktop and navigate to the cryptocurrency section. 3. Enter the details of each transaction, such as the date, type, and amount. 4. TurboTax will automatically calculate your gains and losses based on the information provided. 5. Review the final tax return and make any necessary adjustments before submitting it. By following these steps, you can ensure that your cryptocurrency earnings are accurately reported using TurboTax Desktop.
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