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Which version, deluxe or premier, is recommended for filing taxes on cryptocurrency gains and losses?

avatarHavid RosiDec 26, 2021 · 3 years ago3 answers

I'm wondering which version, deluxe or premier, would be the best choice for filing taxes on cryptocurrency gains and losses. Can you provide some insights into the differences between the two versions and which one would be more suitable for my situation?

Which version, deluxe or premier, is recommended for filing taxes on cryptocurrency gains and losses?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more comprehensive tax filing experience, the premier version would be recommended. It offers advanced features and support for a wider range of investment activities, including cryptocurrency gains and losses. With the premier version, you'll have access to more detailed reporting options and additional guidance specific to cryptocurrency taxes. It's a great choice if you have a complex investment portfolio and want to ensure accurate reporting of your cryptocurrency transactions.
  • avatarDec 26, 2021 · 3 years ago
    For most individuals with straightforward cryptocurrency gains and losses, the deluxe version should suffice. It provides the necessary tools and forms to accurately report your cryptocurrency transactions and calculate your tax liability. The deluxe version offers step-by-step guidance and ensures that you don't miss any important deductions or credits related to your cryptocurrency activities. It's a cost-effective option for individuals who don't require the advanced features offered by the premier version.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, they recommend using the premier version for filing taxes on cryptocurrency gains and losses. The premier version provides comprehensive support for cryptocurrency transactions and ensures accurate reporting of your gains and losses. It offers advanced features and guidance specific to cryptocurrency taxes, making it the ideal choice for individuals with significant cryptocurrency investments. However, it's important to note that the deluxe version can still handle basic cryptocurrency tax reporting effectively.