Crypto Investments and Taxes.

DaisyDave
DaisyDave Member ✭✭
edited May 24 in Investing (Windows)
Can Quicken help me with Crypto trading investments and taxes

Answers

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Quicken currently has no support for crypto trading.
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    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • DaisyDave
    DaisyDave Member ✭✭
    > @Chris_QPW said:
    > Quicken currently has no support for crypto trading.

    That's surprising considering that it would be done on a 8949
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    DaisyDave said:
    > @Chris_QPW said:
    > Quicken currently has no support for crypto trading.

    That's surprising considering that it would be done on a 8949
    Not to surprising if you knew that they have updated the tax line information in Quicken in many years.
    Quicken doesn't have the 8949 tax line for setting it for a category, and as for the form itself, Quicken doesn't work like that, you don't enter tax forms in Quicken.
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
  • DaisyDave
    DaisyDave Member ✭✭
    Oh no ! I was hoping that Quicken would really help me with record keeping to make my tax reporting easier. If it cannot simplify my tax prep, I don't so the point. I can use many different service to do basic stuff. Hmmm Don't what I was thinking about Quicken
  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    You could try to shoehorn it in, but that is about it.  Here is a long thread on the subject.
    https://community.quicken.com/discussion/7555856/track-bitcoin-btc-and-other-cryptocurrency-accounts-in-quicken-45-legacy-votes-3-merged
    Signature:
    (I'm always using the latest Quicken Windows Premier subscription version)
    This is my website: http://www.quicknperlwiz.com/
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