Which turbotax version is recommended for individuals trading digital currencies, premier or deluxe?

3 answers

• Dec 26, 2021 · 3 years ago
  As an expert in the field of digital currencies, I would recommend using the premier version of turbotax for individuals trading digital currencies. This version provides more advanced features and guidance specifically tailored to cryptocurrency transactions, ensuring accurate reporting and maximizing potential deductions.
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• Dec 26, 2021 · 3 years ago
  If you're just starting out and have a relatively simple tax situation, the deluxe version of turbotax should suffice. It covers the basics of reporting income from digital currency trading and provides step-by-step guidance to help you navigate the tax filing process. However, if you have more complex transactions or significant trading activity, the premier version would be a better choice.
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• Dec 26, 2021 · 3 years ago
  Based on my experience at BYDFi, I would recommend using the premier version of turbotax for individuals trading digital currencies. It offers comprehensive support for reporting cryptocurrency transactions and ensures compliance with tax regulations. Additionally, it provides access to expert advice and resources to help you make the most of your tax deductions.
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