Questions tagged [turbotax-freedom edition]

1,000+ questions

Pardhu AvulaDec 26, 2021 · 3 years ago8 answers
Is it possible to use Turbotax for reporting my cryptocurrency investments? How do I create an account?
I've been using Turbotax for my regular tax filings, but I'm not sure if it's suitable for reporting my cryptocurrency investments. Can I use Turbotax to report my crypto investments? And if so, how do I create an account?
Turbotax
Cryptocurrency Investments
Tax Reporting
Mostafa BozaraziDec 26, 2021 · 3 years ago4 answers
Are there any specific requirements for creating a Turbotax account to handle my Bitcoin taxes?
What are the specific requirements for creating a Turbotax account to handle my Bitcoin taxes? I want to make sure I meet all the necessary criteria before I start using Turbotax for my Bitcoin tax reporting.
Turbotax
Bitcoin Taxes
Tax Reporting
bhagath kumar palakaDec 26, 2021 · 3 years ago1 answers
Can I create a Turbotax account to track and report my earnings from trading cryptocurrencies?
I am wondering if it is possible to create a Turbotax account specifically for tracking and reporting my earnings from trading cryptocurrencies. Can Turbotax handle the complexities of cryptocurrency transactions and provide accurate tax reporting?
Turbotax
Cryptocurrency
Tax Reporting
dx fDec 26, 2021 · 3 years ago7 answers
What are the latest updates on TurboTax for cryptocurrency traders?
Can you provide the latest updates on TurboTax for cryptocurrency traders? I'm interested in knowing if there have been any changes or new features that specifically cater to cryptocurrency traders. It would be great if you could also share any information on how TurboTax handles cryptocurrency tax reporting and if there are any updates in that area. Thank you!
TurboTax
Cryptocurrency Tax Reporting
Updates
MosterCodeDec 26, 2021 · 3 years ago0 answers
What are the new features in TurboTax that cater to cryptocurrency investors?
Can you provide a detailed description of the new features in TurboTax that specifically target cryptocurrency investors? How do these features help cryptocurrency investors with their tax filing?
TurboTax
Cryptocurrency
Tax Filing
Ra RaDec 26, 2021 · 3 years ago6 answers
Does TurboTax calculate wash sales for cryptocurrency transactions?
I'm wondering if TurboTax, the popular tax preparation software, is able to calculate wash sales for cryptocurrency transactions. Wash sales occur when an investor sells a security at a loss and then buys the same or a substantially identical security within 30 days. Since wash sales have tax implications, it's important to accurately track and report them. Can TurboTax handle wash sales for cryptocurrency transactions?
TurboTax
Wash Sales
Cryptocurrency Transactions
Movie DownloadDec 26, 2021 · 3 years ago4 answers
How can I use TurboTax to calculate wash sales for my digital currency trades?
I'm using TurboTax to file my taxes this year, and I want to make sure I calculate wash sales correctly for my digital currency trades. Can anyone guide me on how to use TurboTax to calculate wash sales for my digital currency trades?
TurboTax
Wash Sales
Digital Currency Trades
Hougaard StageDec 26, 2021 · 3 years ago8 answers
Is there a specific formula or algorithm used by TurboTax to calculate wash sales for virtual currencies?
Can you explain the specific formula or algorithm used by TurboTax to calculate wash sales for virtual currencies? I'm curious to know how TurboTax handles wash sales for virtual currencies and if there are any specific calculations involved.
TurboTax
Wash Sales
Virtual Currencies
Abdellah RekouneDec 26, 2021 · 3 years ago0 answers
How can I delete my Turbotax account and start trading cryptocurrencies?
I want to delete my Turbotax account and start trading cryptocurrencies. Can you guide me on how to delete my Turbotax account and what steps I need to take to start trading cryptocurrencies?
Turbotax
Delete Account
Trading Cryptocurrencies
Roth LorentsenDec 26, 2021 · 3 years ago3 answers
What are the differences between TurboTax Premier Online and the downloadable version when it comes to reporting digital currency transactions?
Can you explain the variations between TurboTax Premier Online and the downloadable version when it comes to reporting digital currency transactions? How do they differ in terms of features, user experience, and convenience?
TurboTax Premier Online
Downloadable Version
Reporting Digital Currency Transactions
Amjad HussainDec 26, 2021 · 3 years ago2 answers
Does Turbotax support reporting gains and losses from cryptocurrency investments?
I'm wondering if Turbotax has the capability to handle reporting gains and losses from cryptocurrency investments. Can I use Turbotax to accurately report my cryptocurrency transactions for tax purposes?
Turbotax
Cryptocurrency
Gains And Losses
Fahad FarooqDec 26, 2021 · 3 years ago7 answers
Are there any specific features in TurboTax for reporting cryptocurrency gains and losses?
Can TurboTax handle the reporting of gains and losses from cryptocurrency investments?
TurboTax
Cryptocurrency
Gains And Losses
MojiDec 26, 2021 · 3 years ago5 answers
Is TurboTax Deluxe compatible with including form 8949 for cryptocurrency in tax filing?
Can TurboTax Deluxe be used to include form 8949 for cryptocurrency in tax filing?
TurboTax Deluxe
Form 8949
Cryptocurrency
TetraDec 26, 2021 · 3 years ago0 answers
Does TurboTax Deluxe support the inclusion of form 8949 for digital asset transactions?
I am wondering if TurboTax Deluxe has the capability to include form 8949 for reporting digital asset transactions. Can I use TurboTax Deluxe to accurately report my cryptocurrency transactions and file my taxes?
TurboTax Deluxe
Form 8949
Digital Asset Transactions
Milfred TolentinoDec 26, 2021 · 3 years ago0 answers
How does turbotax 2024 online handle the tax implications of cryptocurrency mining?
I would like to know how turbotax 2024 online handles the tax implications of cryptocurrency mining. Can it accurately calculate the taxes owed on cryptocurrency mining income? Does it provide guidance on how to report cryptocurrency mining activities? Are there any specific forms or sections in the software dedicated to cryptocurrency mining? I want to make sure I am properly reporting my cryptocurrency mining income and paying the correct amount of taxes.
Turbotax
Cryptocurrency Mining
Tax Implications

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