Why is TurboTax Deluxe charging me for state in cryptocurrency?

3 answers

• student e09cd5deMay 12, 2023 · 3 years ago
  TurboTax Deluxe charging you for state taxes in cryptocurrency is not a mistake. It's actually a new feature that they have introduced. With the increasing popularity of cryptocurrencies, TurboTax has recognized the need to accommodate users who have earned or received cryptocurrency as part of their state tax obligations. By allowing you to pay your state taxes in cryptocurrency, TurboTax aims to provide a convenient and streamlined experience for cryptocurrency users.
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• havetosayniceOct 07, 2022 · 3 years ago
  Yes, TurboTax Deluxe is indeed charging you for state taxes in cryptocurrency. It might seem unusual, but it's actually a great way to leverage the benefits of cryptocurrencies. By accepting cryptocurrency as a form of payment for state taxes, TurboTax is embracing the digital revolution and offering users more flexibility in how they manage their finances. It's an innovative move that aligns with the growing acceptance of cryptocurrencies in various industries.
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• McCurdy McGarryJun 15, 2024 · 2 years ago
  As an expert in the cryptocurrency industry, I can confirm that TurboTax Deluxe is indeed charging for state taxes in cryptocurrency. This new feature is a testament to the increasing adoption of cryptocurrencies and their integration into mainstream financial systems. It's a convenient option for individuals who have earned or received cryptocurrency and want to fulfill their state tax obligations using their digital assets. TurboTax Deluxe is not the only platform offering this service, as other exchanges and tax software providers are also recognizing the importance of incorporating cryptocurrencies into tax processes.
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