Coin Ledger, a platform that deals with both cryptocurrency and NFTs, will include tax automation for the complicated crypto tax process. The service will work with over 500 different wallets and exchanges through an API, which will be automated to simplify tax procedures. Coin Ledger has been referred to as the “TurboTax for crypto,” with TurboTax being an official partner of the platform. Incorrect or incomplete tax procedures can get cryptocurrency holders in trouble, making tax automation a valuable addition to Coin Ledger’s services.
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Introduction:
There’s not anything out there that can probably get you in more trouble in the world of crypto than doing your taxes wrong or really not doing them at all. Today, we’re going to be taking a look at Coin Ledger- a platform that helps you with your cryptocurrency taxes.
Coin Ledger:
Coin Ledger provides more than just cryptocurrency services. It’s also an NFT platform and offers DeFi services. Doing taxes for cryptocurrencies, NFTs, and DeFi is complicated, but Coin Ledger automates the process.
Automation:
Coin Ledger offers automation for your cryptocurrency taxes. It’s all done through API, which means it works with over 500 different wallets and exchanges. This makes it easy for you to use, regardless of which wallet you’re using.
Simple:
Coin Ledger makes it really simple for you. The TurboTax for crypto is what they call themselves. However, TurboTax is more than that – it’s an official partner of Coin Ledger. This means they work together to provide you with the best service.
Conclusion:
In conclusion, when it comes to doing taxes for cryptocurrencies, NFTs, and DeFi, it’s essential to get it right the first time. Using Coin Ledger is an excellent choice as it offers automation, support for multiple wallets and exchanges, and simplicity. So, be smart, and choose the right platform to help you with your crypto taxes.
