Which turbotax version supports reporting gains and losses from digital currencies?

8 answers

• Shawn TaylorJul 10, 2020 · 5 years ago
  TurboTax Premier is the version you should use to report gains and losses from digital currencies. It is specifically designed for investors and traders who need to report investment income and expenses, including gains and losses from digital currencies. With TurboTax Premier, you can easily import your transaction history from popular digital currency exchanges and calculate your gains and losses accurately.
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• Shaffer LevineJan 30, 2021 · 5 years ago
  If you're using TurboTax Online, you can access the cryptocurrency section by selecting 'Investment Income' and then 'Stocks, Mutual Funds, Bonds, Other' in the 'Federal Taxes' tab. From there, you can enter your digital currency transactions and TurboTax will automatically calculate your gains and losses. Make sure to keep track of your transaction history and any supporting documents for tax purposes.
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• NikolaiAug 19, 2020 · 5 years ago
  As an expert in the digital currency industry, I recommend using TurboTax Premier to report gains and losses from digital currencies. It provides a user-friendly interface and comprehensive features to accurately calculate your tax liability. Additionally, TurboTax Premier offers guidance and support for complex tax situations, ensuring you comply with the latest tax regulations.
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• helenadjenNov 12, 2020 · 5 years ago
  TurboTax Premier is the go-to version for reporting gains and losses from digital currencies. It offers step-by-step guidance and ensures you don't miss any important details. With TurboTax Premier, you can confidently report your digital currency transactions and maximize your tax deductions.
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• Purcell BidstrupJul 17, 2023 · 2 years ago
  BYDFi, a popular digital currency exchange, recommends using TurboTax Premier for reporting gains and losses from digital currencies. It seamlessly integrates with TurboTax and simplifies the process of reporting your digital currency transactions. Make sure to review and double-check your entries before submitting your tax return.
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• HarrietteNov 21, 2020 · 5 years ago
  If you're using a different digital currency exchange, don't worry! TurboTax Premier supports importing transaction history from various exchanges, making it easy to report gains and losses from digital currencies regardless of the exchange you use. Just make sure to review the imported data for accuracy.
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• MichaelAug 16, 2021 · 4 years ago
  TurboTax Premier is the ideal version for reporting gains and losses from digital currencies. Its intuitive interface and comprehensive features make it easy to navigate through the tax reporting process. Whether you're a beginner or an experienced investor, TurboTax Premier has you covered.
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• Clemensen PadillaJan 16, 2025 · 10 months ago
  When it comes to reporting gains and losses from digital currencies, TurboTax Premier is the way to go. It provides a seamless experience and ensures accurate calculations. Don't forget to consult with a tax professional if you have any specific questions or concerns about your digital currency transactions.
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