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Crypto Investors: Your Lives Just Changed!

KarenL
Employee Tax Expert
Employee Tax Expert
‎November 14, 2023 12:07 PM
6 0 1042
‎November 14, 2023 12:07 PM

FeaturedContent_Investing_Terms.jpgOkay, maybe life-changing is a bit dramatic for some of you. For others, the focus on crypto with TurboTax’s newly launched Investor Center is absolutely going to make your digital investment decisions easier! 

This best-in-class crypto tax solution enables you to track and plan ways to reduce your taxable gain. Imagine how simple it will be to monitor all of your digital wallets and exchanges in one place. Yes, that includes Coinbase, Robinhood, the most popular blockchains, and many others! Did monitoring your investments just become a little bit more fun? It sure did!   

Here’s a peek at what this powerful tool will do for you:

  • Tax Outcome Tracker - You’ll see daily estimates on your realized gain/losses as well as after-tax proceeds estimates! This is incredibly helpful come tax time as you won’t need to rush to sell at year’s end to mitigate tax on gains (You know who you are!).
  • Portfolio Monitoring - It’s the simple solution to view all your crypto holdings (from multiple sources) in one place. And yes, it includes asset allocation views too!
  • Intelligent Tax Optimization - This (not so) little feature helps to identify and calculate missing cost basis. Talk about pre-emptive tax saving! Game changing!
  • Integrations  - Oh so many integrations! Currently there are over 15 digital asset wallets, exchanges and blockchain integrations…with more on the way! 

I almost forgot to mention that you benefit from these features year-round! That’s right, you don’t have to wait until tax time, or manually try to figure out how much tax you’ll owe. It’s done for you. And it’s free to use!

The TurboTax Investor Center is your all-in crypto tax solution. As a matter of fact, you can get started right now to see how it all works. 

For more information on taxes and your digital assets, check out the articles linked below.
4 Crypto Tax Myths You Need to Know
Tax Tips for Bitcoin and Virtual Currency
Your Crypto Tax Guide
Cryptocurrency Guide
How is cryptocurrency taxed?

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