26/11/19 04:35 UTC-5

CryptoTrader.Tax has released a cryptocurrency tax reporting tool

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.

Interesting in the section: What will happen when 21 million Bitcoins are mined?

See also: "Investors prefer to store BTC on exchange wallets"

#USA #cryptocurrency #taxation #CryptoTraderTax.

Editor: Daria Mukhina


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