What are the best tax software options for cryptocurrency traders, TurboTax or H&R Block?

3 answers

• Mahesh KalamkarAug 01, 2022 · 3 years ago
  As a cryptocurrency trader, I have personally used both TurboTax and H&R Block for my tax filing. In my experience, TurboTax offers a user-friendly interface and provides step-by-step guidance for reporting cryptocurrency transactions. On the other hand, H&R Block has a more comprehensive support system with in-person assistance available. It ultimately depends on your preference and level of comfort with using tax software. Both options are capable of handling cryptocurrency tax reporting effectively.
  507

  254
• thorgasNov 15, 2022 · 3 years ago
  I've been using TurboTax for my cryptocurrency tax filing for the past few years, and I find it to be a reliable and convenient option. The software has built-in features specifically designed for cryptocurrency traders, making it easier to report and calculate taxes on crypto transactions. Additionally, TurboTax offers excellent customer support and resources to help navigate the complexities of cryptocurrency taxation.
  424

  142
• Penny ReshJun 19, 2020 · 5 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using TurboTax for tax filing purposes. They have integrated TurboTax into their platform, allowing users to seamlessly import their transaction data and generate accurate tax reports. TurboTax's intuitive interface and comprehensive features make it an ideal choice for cryptocurrency traders who want a hassle-free tax filing experience.
  392

  98