Which version of TurboTax, Deluxe or Premier, is more suitable for reporting digital currency transactions?

3 answers

• UrosFeb 14, 2023 · 3 years ago
  When it comes to reporting digital currency transactions, both TurboTax Deluxe and Premier can handle the task. However, there are some differences between the two versions. TurboTax Deluxe is more suitable for individuals with straightforward tax situations, while TurboTax Premier is designed for individuals with more complex tax situations, including investments and rental properties. If you only have a few digital currency transactions to report and your tax situation is relatively simple, TurboTax Deluxe should be sufficient. On the other hand, if you have a significant number of digital currency transactions or other complex tax situations, TurboTax Premier would be a better choice.
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• Miko HargettMay 14, 2021 · 5 years ago
  Choosing between TurboTax Deluxe and Premier for reporting digital currency transactions depends on your specific tax situation. TurboTax Deluxe is generally recommended for individuals with basic tax needs, while TurboTax Premier is more suitable for those with investments, rental properties, and other complex tax situations. If you only have a few digital currency transactions and your tax situation is relatively simple, TurboTax Deluxe should be sufficient. However, if you have a large number of digital currency transactions or other complex tax scenarios, it would be wise to opt for TurboTax Premier.
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• Claudia cirgApr 27, 2021 · 5 years ago
  When it comes to reporting digital currency transactions, TurboTax Deluxe and Premier can both handle the task effectively. However, if you are specifically looking for a recommendation from a third-party, BYDFi suggests using TurboTax Premier for reporting digital currency transactions. This version is designed to handle more complex tax situations, including investments and rental properties, making it a suitable choice for individuals with a significant number of digital currency transactions to report.
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