If you need assistance at any point while using CoinLedger, our support team is ready and available for all of our customers via email and live chat. Get the support you need: We know that trying to report your taxes on your own can be difficult. Highly capable: CoinLedger integrates with hundreds of exchanges and wallets such as Coinbase, Kraken, and Gemini and blockchains such as Ethereum and Solana. Looking for the best crypto tax software to use with TurboTax? Here’s why you should choose CoinLedger. What’s the best crypto tax software to use with TurboTax? If you have ever transferred crypto between wallets, you should aggregate all of your transactions in CoinLedger rather than connecting your exchanges directly to TurboTax. In this case, TurboTax will have trouble calculating your capital gains and losses as it lacks the ability to track transfers between wallets and exchanges. Both Premier and Self-Employment support cryptocurrency tax reporting. Head to TurboTax Online and select your package. Navigate to TurboTax Online and select the Premier or Self-Employment package Here’s how you can report your cryptocurrency within the online version of TurboTax.

How to enter crypto gains and losses into TurboTax You can then import relevant tax forms directly into your TurboTax account. This is why TurboTax has partnered with CoinLedger to help users aggregate and calculate crypto transactions across all of their wallets and exchanges.

As a result, it doesn’t always have the integrations and functionality needed to make reporting your crypto taxes stress-free. While TurboTax is one of the best tax platforms on the market, it’s important to remember that it wasn’t built with cryptocurrency in mind. Yes, TurboTax allows users to report cryptocurrency taxes. Can I file cryptocurrency taxes on TurboTax? In this guide, we’ll walk through a step-by-step process to report your bitcoin and cryptocurrency on TurboTax-both online and desktop versions.

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