Txauv Cryptocurrency Coinbase Launches Simplified Tax Reporting Service

U.S.-based cryptocurrency exchange Coinbase on Monday announced the release of a new "taxpayer" showing users' tax returns, including short-term and long-term gains and losses. US taxpayers are required to report sales, transactions, payments, and income to the Internal Revenue Service (IRS), and these changes are taxable based on income, loss/loss, or income. The company "simplifies the process by providing each customer with a personal Coinbase tax filing account, breaking down profits or losses and other money payments from time to time. This money can be used to schedule and file taxes. “Use your own accountant. or tax planning software like TurboTax.” Coinbase explained that users who trust Pro products or trade with external wallets can get crypto tax returns from partner CoinTracker for free.