RATE Group | ESCOBITS LLC Rolls out New Cryptocurrency Tracking Service to Make Preparing Taxes Easie…
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ESCOBITS LLC Rolls out New Cryptocurrency Tracking Service to Make Preparing Taxes Easie…

14 Jan ESCOBITS LLC Rolls out New Cryptocurrency Tracking Service to Make Preparing Taxes Easie…

Posted at 18:28h in Cryptocurrency News by

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EDISON, N.J., Jan. 14, 2020 /PRNewswire/ — ESCOBITS LLC is pleased to announce the release of a new cryptocurrency tracking service aptly named CryptoTracker.tax. With tax season right around the corner, many tax preparers will be scrambling to calculate their cryptocurrency capital gains for the Internal Revenue Service. The new service aims to make tracking any crypto transaction both intuitive and affordable.

Correctly reporting Bitcoin taxes or any other cryptocurrency related tax starts with proper tracking. CryptoTracker.tax was born out of the frustration involved in finding a solution that was both easy-to-use and understand. Those of us involved in cryptocurrency don’t like to think in terms of how our crypto trading is taxed. Rather we think in terms of how that transaction took place. For example, exchanging Bitcoin for Ethereum on an exchange is considered two separate taxable events by the IRS but is more easily understood as a single transaction for the…

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