Which TurboTax version, Premier or Deluxe, is more suitable for cryptocurrency traders and investors?

3 answers

• George StanDec 25, 2024 · a year ago
  As a cryptocurrency trader and investor, it is important to choose the right TurboTax version to ensure accurate reporting and maximize tax benefits. While both Premier and Deluxe versions offer features that can be beneficial, Premier is generally more suitable for cryptocurrency traders and investors. Premier provides additional support for investment income, including capital gains and losses, which are crucial for reporting cryptocurrency transactions. It also offers guidance on complex tax situations, such as wash sales and cost basis calculations. Overall, Premier offers more comprehensive tools and resources specifically tailored to the needs of cryptocurrency traders and investors.
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• Elina AlbaresNov 09, 2023 · 2 years ago
  Hey there! If you're a cryptocurrency trader or investor, you might be wondering which TurboTax version, Premier or Deluxe, is the best fit for you. Well, let me break it down for you. Premier is the way to go! It's got all the bells and whistles you need to handle your cryptocurrency transactions. With Premier, you'll get extra support for investment income, including capital gains and losses. It also helps you navigate tricky tax situations like wash sales and cost basis calculations. So, if you want to make sure you're getting the most out of your tax return, go with Premier!
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• limu593Feb 10, 2022 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Premier version of TurboTax for cryptocurrency traders and investors. Premier offers specialized features and guidance specifically designed for reporting cryptocurrency transactions. It provides comprehensive support for investment income, including capital gains and losses, which are essential for accurate tax reporting. Additionally, Premier offers advanced tools for handling complex tax situations, such as wash sales and cost basis calculations. By using TurboTax Premier, cryptocurrency traders and investors can ensure compliance with tax regulations and maximize their tax benefits.
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