What are the differences between Turbotax Deluxe and Premier 2021 in terms of their compatibility with cryptocurrencies?

3 answers

• MD Awal KhanMay 07, 2022 · 3 years ago
  Turbotax Deluxe and Premier 2021 both offer support for cryptocurrency transactions and investments, but there are some notable differences between the two versions. Deluxe is designed for individuals with relatively simple tax situations, while Premier is geared towards those with more complex investments, including cryptocurrencies. Premier offers additional features such as guidance on reporting capital gains and losses from cryptocurrency trades, as well as support for a wider range of cryptocurrencies. If you have multiple cryptocurrency investments or engage in frequent trading, Premier may be the better choice for you.
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• Rakshit PrinjaNov 25, 2020 · 5 years ago
  When it comes to compatibility with cryptocurrencies, Turbotax Deluxe and Premier 2021 are quite similar. Both versions allow you to import transaction data from popular cryptocurrency exchanges and wallets, making it easier to accurately report your gains and losses. They also provide guidance on how to handle different types of cryptocurrency income, such as mining rewards or staking rewards. However, Premier offers more advanced reporting capabilities, allowing you to generate detailed reports for tax purposes. Additionally, Premier provides access to tax experts who can assist you with any cryptocurrency-related tax questions or concerns you may have.
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• David FunchessFeb 24, 2023 · 3 years ago
  At BYDFi, we recommend using Turbotax Premier 2021 for cryptocurrency tax reporting. Premier offers comprehensive support for various types of cryptocurrencies, including Bitcoin, Ethereum, and many others. It allows you to easily import your transaction history from popular exchanges and wallets, ensuring accurate reporting of your gains and losses. With Premier, you can also generate detailed reports that are specifically tailored to cryptocurrency investments. If you're serious about cryptocurrency trading and want to ensure compliance with tax regulations, Turbotax Premier 2021 is the way to go.
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