Exchange platform Coinbase has launched several efforts to help crypto owners in computing for their taxes during the tax season in the United States.
The mostly dreaded Tax Day is coming closer for everyone in the United States.
For cryptocurrency investors and digital token holders still bothered with many crypto-related questions for this tax season, Coinbase has offered a helping hand to aid them when they file for their tax returns to the US government.
The exchange platform has published several guides to help resolve queries token owners still have. The “Crypto and Bitcoin Taxes in the US, 2018 Edition” are aimed at those who wonder if their tokens and their crypto transactions are included in their tax obligations.
Another guide, the new Tax Resource Center, will detail what kind of helpful information the exchange will give its users for their tax filings.
In addition, crypto holders can finally calculate their gains and losses throughout their Coinbase transacting history. This is thanks to the exchange’s partnership with tax calculator TurboTax.
Token owners simply need to download their Coinbase history and then upload the data on TurboTax Premier.
Meanwhile, both Coinbase and Coinbase Pro customers can have their entire transaction activity during the past year summarized and their crypto taxes calculated using CoinTracker, yet another partner of the exchange.
However, as a disclaimer, Coinbase reminded its customers that the help it is offering should not be considered as a piece of tax advice. The exchange admitted that it is not qualified to offer one.