What deductions can I claim for my cryptocurrency investments and rental property in TurboTax Premier?

5 answers

• Alana GodoyDec 22, 2021 · 4 years ago
  As a taxpayer with cryptocurrency investments and a rental property, you may be eligible for several deductions in TurboTax Premier. For your cryptocurrency investments, you can potentially deduct expenses such as transaction fees, software or platform fees, and any professional fees paid for tax advice or assistance. Additionally, if you have incurred any losses from your cryptocurrency investments, you may be able to claim them as capital losses. As for your rental property, you can deduct expenses such as mortgage interest, property taxes, insurance premiums, repairs and maintenance costs, and depreciation. It's important to keep detailed records and consult with a tax professional to ensure you are claiming all eligible deductions.
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• Lorentzen MoserMay 21, 2024 · 2 years ago
  When it comes to cryptocurrency investments and rental property, TurboTax Premier offers several deductions that you can claim. For your cryptocurrency investments, you can deduct transaction fees, software or platform fees, and any professional fees paid for tax advice or assistance. If you have experienced losses from your cryptocurrency investments, you may be able to claim them as capital losses. As for your rental property, you can deduct expenses such as mortgage interest, property taxes, insurance premiums, repairs and maintenance costs, and depreciation. Remember to keep accurate records and consult with a tax professional to maximize your deductions.
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• antitheticalJun 25, 2020 · 6 years ago
  TurboTax Premier is a great choice for handling your taxes, especially if you have cryptocurrency investments and a rental property. When it comes to deductions, TurboTax Premier allows you to claim expenses related to your cryptocurrency investments, such as transaction fees, software or platform fees, and professional fees for tax advice. If you have incurred losses from your cryptocurrency investments, you may be able to offset them as capital losses. For your rental property, you can deduct expenses like mortgage interest, property taxes, insurance premiums, repairs and maintenance costs, and depreciation. Don't forget to keep proper documentation and consult with a tax professional for personalized advice.
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• BalhadjFeb 13, 2023 · 3 years ago
  When using TurboTax Premier for your taxes, you can claim deductions for both your cryptocurrency investments and rental property. For your cryptocurrency investments, you can deduct expenses such as transaction fees, software or platform fees, and professional fees for tax advice. If you have experienced losses from your cryptocurrency investments, you may be able to offset them as capital losses. As for your rental property, you can deduct expenses like mortgage interest, property taxes, insurance premiums, repairs and maintenance costs, and depreciation. It's important to keep accurate records and consult with a tax professional to ensure you are maximizing your deductions.
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• mari gavrJan 28, 2026 · a month ago
  As a taxpayer with cryptocurrency investments and a rental property, you can take advantage of various deductions in TurboTax Premier. For your cryptocurrency investments, deductible expenses include transaction fees, software or platform fees, and professional fees for tax advice. If you have incurred losses from your cryptocurrency investments, you may be eligible to claim them as capital losses. Regarding your rental property, you can deduct expenses such as mortgage interest, property taxes, insurance premiums, repairs and maintenance costs, and depreciation. Remember to maintain proper documentation and seek guidance from a tax professional to optimize your deductions.
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