What is the impact of turbotax not being free anymore on the cryptocurrency community?

3 answers

• Arshad SaifiJul 13, 2022 · 3 years ago
  As an expert in the cryptocurrency community, I believe that the impact of turbotax no longer being free is significant. Many cryptocurrency users relied on turbotax's free service to accurately calculate their taxes. With the new pricing policy, users may have to find alternative tax preparation software or hire professional accountants, which can be costly. This change may discourage some users from properly reporting their cryptocurrency transactions, potentially leading to increased scrutiny from tax authorities. It is important for users to stay informed about the new pricing policy and explore other options to ensure compliance with tax regulations.
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• Jaffar tayarFeb 19, 2025 · 6 months ago
  Oh man, this new turbotax pricing is a bummer for the cryptocurrency community! We used to get our taxes done for free, but now we have to pay? Not cool! I guess we'll have to find another way to calculate our taxes or maybe even hire an accountant. This change might make it harder for some people to accurately report their cryptocurrency transactions, which could cause some headaches with the tax authorities. It's important to stay on top of these changes and make sure we're still following the rules, even if it means shelling out some extra cash.
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• Shivam TiwariSep 08, 2024 · a year ago
  The impact of turbotax no longer being free on the cryptocurrency community is something that we at BYDFi have been closely monitoring. While it may be an inconvenience for some users, it is important to remember that there are other tax preparation software options available. Additionally, hiring professional accountants can provide peace of mind and ensure accurate reporting of cryptocurrency transactions. It's crucial for users to adapt to these changes and explore different options to meet their tax obligations. As always, we are here to assist our users and provide guidance on tax-related matters.
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