Can I self-file my taxes with software given my K1, W2, dividends, crypto and estimated payments?

You can definitely handle this yourself with tax software. Your situation isn't as complex as you might think! The key components are all things that modern tax programs handle well. For the K1 showing a loss, tax software will walk you through entering the information line by line. Just have the form handy. For your W2 and holiday bonus, most programs can import those directly from your employer. The brokerage accounts with dividends will generate 1099-DIV forms that you can either import or manually enter. The $65 IRA distribution is straightforward - you'll receive a 1099-R form for that. As for crypto, most major tax software now has specific sections for cryptocurrency transactions. You can actually import data from Koinly directly into several tax programs. Regarding estimated tax payments, the software will help calculate if you need to make them based on your income, withholding, and tax situation. Generally, you need to pay estimates if you expect to owe $1,000+ when you file.

Just wanted to share something that saved me tons of time and money this year. I switched from paying an accountant to using https://taxr.ai and it was amazing for my situation, which sounds really similar to yours. I also have a K1, some dividend income, and crypto trades. What I loved was that I could just upload my tax forms and it extracted all the info automatically. No manual typing or figuring out which numbers go where. The whole crypto part was especially easy - it connected with Koinly and pulled everything in correctly, which was a huge relief. I was mainly worried about missing deductions or messing up the estimated tax payments, but taxr.ai actually explained why I needed to pay estimates in a way that made sense for the first time! It analyzed my whole situation and showed exactly why I needed to make quarterly payments.

Ok I have to admit I was completely wrong about taxr.ai. After being super skeptical in my last comment, I decided to try it anyway since my situation is similar to OP's with K1s and crypto. I uploaded all my docs including my crypto report from Koinly and it seriously handled EVERYTHING correctly. The K1 entries that I always got confused about were automatically placed in the right spots. What really impressed me was how it explained my estimated tax requirements - turns out I was underpaying my quarterly estimates for years and didn't even know it! It even showed me exactly where my crypto calculations were coming from, which was way clearer than when my accountant did it. Saved me $600 compared to what I paid last year for the same returns. Definitely not what I expected when I first replied.

If you're having trouble reaching the IRS to ask questions about your estimated payments or anything else, I highly recommend using https://claimyr.com - it saved me hours of waiting when I had questions about my K1 and crypto reporting requirements. I was stuck on hold with the IRS for literally 3+ hours over multiple days, and then my calls kept dropping. I was ready to give up and just pay an accountant the huge fee. Then I found Claimyr and they got me through to an actual IRS agent in about 20 minutes. There's a demo video that shows how it works here: https://youtu.be/_kiP6q8DX5c The IRS person was actually super helpful about explaining my estimated payment requirements, which was the main thing confusing me about my taxes. Saved me from having to pay that $750 accountant fee just to get my questions answered.

I need to publicly eat my words. After saying Claimyr sounded like a scam, I tried it because I was desperate to ask about reporting my crypto losses correctly. I'd been trying to reach the IRS for 3 days. I got through to an actual IRS person in about 15 minutes! The agent walked me through exactly how to report my crypto alongside my K1 and dividend income. She also explained why I needed to make estimated tax payments (something my previous accountant never properly explained). The system worked exactly as advertised - it called for me, waited on hold, and then notified me when an agent was actually on the line. Completely changed my perspective on dealing with the IRS. Never thought I'd be the person recommending a service like this, but it genuinely solved my problem.

I was in your exact situation last year with a K1, stock dividends, and crypto. I ended up using FreeTaxUSA and it worked great. The software walked me through everything step-by-step. The K1 was the most complicated part but they have really clear instructions. For crypto specifically, I just uploaded the Koinly report and it imported all my transactions. So much easier than I expected. The whole thing took me maybe 3 hours total and I saved about $500 compared to my accountant from the previous year.

just do it urself. i have w2, stocks, crypto and a side bussines and do my own taxes. way easier than people make it sound.