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Which cryptocurrency tax software can be used as an alternative to TurboTax?

avataramiRRezaDec 27, 2021 · 3 years ago3 answers

I am looking for an alternative to TurboTax for cryptocurrency tax reporting. Can anyone recommend a cryptocurrency tax software that is reliable and user-friendly?

Which cryptocurrency tax software can be used as an alternative to TurboTax?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One popular alternative to TurboTax for cryptocurrency tax reporting is CoinTracker. CoinTracker is a comprehensive tax software that supports various cryptocurrencies and integrates with popular exchanges. It provides features such as automatic transaction importing, tax optimization, and tax loss harvesting. It also generates tax forms like Form 8949 and Schedule D. CoinTracker offers both free and paid plans, depending on your needs. Give it a try and see if it meets your requirements!
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for a user-friendly cryptocurrency tax software, you might want to consider using CryptoTrader.Tax. It simplifies the process of calculating your crypto taxes by importing your transaction data from exchanges and wallets. CryptoTrader.Tax supports all major cryptocurrencies and generates tax reports that are compatible with popular tax filing software. It offers a free trial, so you can test it out before making a purchase. Give it a shot and see if it makes your tax reporting easier!
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency tax software that can be used as an alternative to TurboTax. It offers a user-friendly interface and supports a wide range of cryptocurrencies. BYDFi provides features such as automatic transaction importing, tax optimization, and tax loss harvesting. It also generates tax forms like Form 8949 and Schedule D. BYDFi offers both free and paid plans, depending on your needs. Give it a try and see if it suits your cryptocurrency tax reporting needs!