RATE Group | Crypto.​com Simplifies Crypto Tax Reporting for Its Users
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Crypto.​com Simplifies Crypto Tax Reporting for Its Users

24 Mar Crypto.​com Simplifies Crypto Tax Reporting for Its Users

Posted at 23:47h in Cryptocurrency News by

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Payments and cryptocurrency platform Crypto.com has simplified cryptocurrency tax reporting for its users through a new partnership with three tax providers.

On March 24, Crypto.com announced the collaboration with crypto tax calculator CoinTracker, crypto tax software platform TokenTax and crypto tax reporting firm CryptoTrader.Tax.

Now, Crypto.com’s users can import their historical crypto transactions from the platform into one of the aforementioned tax reporting platforms to generate necessary tax reports. Users then can pass the forms along to a tax professional or transfer to tax filing software for further processing.

A response to crypto taxation around the world

The new option comes in response to growing crypto adoption, as well as new requirements from regulators around the world making cryptocurrency owners report on their holdings. Thus, last summer, the United States Internal Revenue Service (IRS) began asking digital currency holders to amend their tax filings, while…

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