Which version, TurboTax Deluxe or TurboTax Premier, is better for reporting cryptocurrency transactions?

3 answers

• Jan 13, 2022 · 3 years ago
  If you're reporting cryptocurrency transactions, both TurboTax Deluxe and TurboTax Premier can handle the task. However, TurboTax Premier offers additional features that may be beneficial for cryptocurrency investors. With TurboTax Premier, you can take advantage of advanced tax planning tools and guidance specific to investments, including cryptocurrencies. This version may be more suitable if you have a complex investment portfolio that includes cryptocurrencies.
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• Jan 13, 2022 · 3 years ago
  When it comes to reporting cryptocurrency transactions, both TurboTax Deluxe and TurboTax Premier are capable options. TurboTax Deluxe is a popular choice for individuals with straightforward tax situations, while TurboTax Premier is designed for those with more complex investments. If you only have a few cryptocurrency transactions and your tax situation is relatively simple, TurboTax Deluxe should suffice. However, if you have a significant number of cryptocurrency transactions or hold multiple types of investments, TurboTax Premier may provide more comprehensive support.
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• Jan 13, 2022 · 3 years ago
  Based on my experience at BYDFi, I would recommend TurboTax Premier for reporting cryptocurrency transactions. It offers specialized guidance and tools for investors, including those involved in cryptocurrencies. TurboTax Premier can help you accurately report your cryptocurrency transactions and ensure compliance with tax regulations. It's always a good idea to consult with a tax professional or review the software's features to determine which version is best suited for your specific needs.
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