What are the steps to switch from online turbotax to the desktop version with cryptocurrency?

3 answers

• Susmi VariscaFeb 09, 2024 · 2 years ago
  To switch from the online version of TurboTax to the desktop version and include your cryptocurrency transactions in your tax return, follow these steps: 1. Purchase and download the desktop version of TurboTax from the official website or authorized retailers. 2. Install the software on your computer and launch it. 3. Import your tax data from the online version of TurboTax to the desktop version. This will transfer all your personal information and previous tax returns. 4. Navigate to the section for reporting investment income or capital gains and losses. 5. Enter the details of your cryptocurrency transactions, including the date of acquisition, sale, or exchange, the cost basis, and the proceeds. 6. Review your tax return to ensure that all the information is accurate and complete. 7. File your tax return electronically or print it out and mail it to the appropriate tax authority. By following these steps, you can switch to the desktop version of TurboTax and accurately report your cryptocurrency transactions in your tax return.
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• Bhanu PratapAug 16, 2021 · 4 years ago
  Switching from the online version of TurboTax to the desktop version with cryptocurrency is easy. Just follow these steps: 1. Go to the official TurboTax website and purchase the desktop version of the software. 2. Download and install the software on your computer. 3. Open the desktop version of TurboTax and import your tax data from the online version. 4. Look for the section that allows you to report investment income or capital gains and losses. 5. Enter the necessary information for your cryptocurrency transactions, such as the date of acquisition, sale, or exchange, the cost basis, and the proceeds. 6. Double-check all the information to ensure accuracy. 7. File your tax return electronically or print it out and mail it to the appropriate tax authority. With these steps, you can easily switch to the desktop version of TurboTax and include your cryptocurrency transactions in your tax return.
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• Berto_BatumbakalOct 16, 2023 · 2 years ago
  If you're using BYDFi for your cryptocurrency transactions, switching from the online version of TurboTax to the desktop version is a breeze. Just follow these steps: 1. Purchase and download the desktop version of TurboTax from the official website or authorized retailers. 2. Install the software on your computer and open it. 3. Import your tax data from the online version of TurboTax to the desktop version. This will transfer all your personal information and previous tax returns. 4. Look for the section that allows you to report investment income or capital gains and losses. 5. Enter the details of your BYDFi cryptocurrency transactions, including the date of acquisition, sale, or exchange, the cost basis, and the proceeds. 6. Review your tax return to ensure accuracy. 7. File your tax return electronically or print it out and mail it to the appropriate tax authority. By following these steps, you can seamlessly switch to the desktop version of TurboTax and accurately report your BYDFi cryptocurrency transactions in your tax return.
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