CryptoTrader.Tax software maker has created a product that simplifies cryptocurrency tax reporting. The tool will help advise clients on cryptocurrency tax reporting in accordance with the rules established by the US Internal Revenue Service, according to a press release.
Customer reports are generated automatically
The CryptoTrader.Tax tool guarantees the automatic creation of customer reports by tax specialists. The process includes transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details information that is imported into CryptoTrader.Tax.
The US Internal Revenue Service issued cryptocurrency-based tax reporting provisions in October. According to the rules, taxpayers must report on actions with cryptocurrency: the sale, transfer or exchange of a digital asset, as today cryptocurrency news reports.
Representatives of the company note that tax specialists use the software for free.
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