U.S.-based cryptocurrency exchange Coinbase has partnered CoinTracker, a crypto portfolio and tax manager, to offer their customers cryptocurrency tax solutions. The integration offers Coinbase customers the option to report their capital gains and losses from cryptocurrency trades using CoinTracker.
This partnership comes at a time when the U.S. Internal Revenue Service (IRS) is asking every American about their virtual currency transactions on the first page of IRS Form 1040 for the 2020 tax season. This is the latest move by the tax regulator to show its seriousness on taxing cryptocurrency transactions and investments.
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