Coinbase Launches Cryptocurrency Trading Tax Calculator

Having recently had to report over 13,000 of its clients to the US Internal Revenue Service (IRS), making it easier to handle tax reporting is a must for Coinbase. The company has launched a tax calculator, but it will not be of much use for many of its clients including those who transacted with GDAX, stored cryptocurrency on a hardware wallet, or invested in an ICO.

Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%

Easier Tax Reporting Example of FIFO vs

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