Questions tagged [turbotax-basic 2020]

1,000+ questions

honlayDec 28, 2021 · 3 years ago4 answers
Does Turbotax Deluxe support the reporting of gains and losses from cryptocurrency trading?
I am wondering if Turbotax Deluxe has the capability to handle the reporting of gains and losses from cryptocurrency trading. As a cryptocurrency trader, it is important for me to accurately report my gains and losses for tax purposes. Can Turbotax Deluxe handle the complexities of cryptocurrency transactions and provide accurate reporting?
Turbotax Deluxe
Cryptocurrency Trading
Gains And Losses
Affan AnwarDec 28, 2021 · 3 years ago9 answers
Are there any specific features in Turbotax Deluxe for calculating taxes on digital currencies?
Can Turbotax Deluxe handle the calculation of taxes on digital currencies? What are the specific features it offers for this purpose?
Turbotax Deluxe
Taxes
Digital Currencies
Domenico AltavillaDec 28, 2021 · 3 years ago7 answers
Is TurboTax compatible with popular cryptocurrency exchanges?
I'm wondering if TurboTax, a popular tax preparation software, is compatible with popular cryptocurrency exchanges. Can I import my transaction data from exchanges like Binance and BYDFi into TurboTax for tax filing purposes?
TurboTax
Cryptocurrency Exchanges
Tax Preparation
Jake Griffiths-EllisDec 28, 2021 · 3 years ago6 answers
How does TurboTax handle reporting of cryptocurrency mining income?
I would like to know how TurboTax handles the reporting of income from cryptocurrency mining. Can TurboTax automatically calculate the taxes owed on mining income? Does it support different cryptocurrencies? How does it handle mining expenses and deductions?
TurboTax
Cryptocurrency Mining
Taxes
Elina AlbaresDec 28, 2021 · 3 years ago2 answers
Does Turbotax Deluxe support the import of digital currency investments?
Can Turbotax Deluxe be used to import digital currency investments for tax purposes? I'm wondering if the software has the capability to import data from cryptocurrency exchanges and wallets to accurately calculate capital gains and losses.
Turbotax
Digital Currency
Cryptocurrency
OhsungDec 28, 2021 · 3 years ago5 answers
What options does Turbotax Deluxe provide for importing investments, including digital currencies?
What are the available options provided by Turbotax Deluxe for importing investments, including digital currencies?
Turbotax
Deluxe
Investments
Jayesh MotwaniDec 28, 2021 · 3 years ago3 answers
How can I use TurboTax Premier Desktop to file my cryptocurrency taxes?
Can you provide a step-by-step guide on using TurboTax Premier Desktop to file my cryptocurrency taxes?
TurboTax
Premier Desktop
Cryptocurrency Taxes
Girupanethi KDec 28, 2021 · 3 years ago4 answers
How can I use TurboTax Deluxe to calculate my capital gains from cryptocurrency investments?
I am using TurboTax Deluxe to file my taxes this year and I have made some investments in cryptocurrencies. How can I use TurboTax Deluxe to accurately calculate my capital gains from these investments?
TurboTax Deluxe
Capital Gains
Cryptocurrency Investments
Jojo IlyasDec 28, 2021 · 3 years ago5 answers
Is it possible to convert Turbotax desktop to online using Bitcoin or other cryptocurrencies?
I am wondering if it is possible to convert Turbotax desktop to an online version using Bitcoin or other cryptocurrencies. I have been using the desktop version for a while and I am interested in exploring the option of using digital currencies for payment. Can anyone provide insights on whether this conversion is possible and how it can be done?
Turbotax
Desktop
Online
Keller ConleyDec 28, 2021 · 3 years ago9 answers
What are the advantages of using TurboTax login for calculating my capital gains from cryptocurrency trading?
Can you explain the benefits of using TurboTax login to calculate my capital gains from cryptocurrency trading? How does it simplify the process?
TurboTax
Capital Gains
Cryptocurrency Trading
nurulgepeDec 28, 2021 · 3 years ago5 answers
What are the common issues with TurboTax when it comes to reporting digital currency transactions?
What are some common problems that users encounter when using TurboTax to report their digital currency transactions? How does TurboTax handle the complexities of digital currency taxation?
TurboTax
Digital Currency
Cryptocurrency
KEVIN ESTEBAN RAMIREZ OSORIODec 28, 2021 · 3 years ago5 answers
Does Turbotax support reporting crypto gains and losses?
I heard that Turbotax is a popular tax software, but I'm not sure if it supports reporting gains and losses from cryptocurrency. Can Turbotax handle the complexities of crypto tax reporting?
Turbotax
Crypto Gains
Crypto Losses
HsinKuang ChenDec 28, 2021 · 3 years ago7 answers
How can TurboTax help me with reporting my digital currency transactions?
Can TurboTax assist me in accurately reporting my digital currency transactions for tax purposes?
TurboTax
Digital Currency
Tax Reporting
mohamed hassanDec 28, 2021 · 3 years ago6 answers
Can TurboTax provide accurate tax calculations for altcoin trading?
I am wondering if TurboTax, a popular tax preparation software, can accurately calculate taxes for altcoin trading. Altcoin trading involves buying and selling alternative cryptocurrencies like Ethereum, Ripple, and Litecoin. Since altcoin trading can be complex and involve multiple transactions, I want to make sure that TurboTax can handle the calculations correctly. Can TurboTax provide accurate tax calculations for altcoin trading?
TurboTax
Altcoin Trading
Tax Calculations
Tranberg HvassDec 28, 2021 · 3 years ago4 answers
Are there any specific TurboTax features or tools that can help with accurately reporting cryptocurrency transactions using 1099-B adjustment codes?
Can TurboTax provide any specific features or tools to assist in accurately reporting cryptocurrency transactions using 1099-B adjustment codes?
TurboTax
Cryptocurrency Transactions
1099-B Adjustment Codes

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