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CoinDesk
Users of Coinbase, PayPal, FTX.US and More Will Be Able to File Crypto Taxes for Free Through TaxBit Network
Utah-based tax software firm TaxBit has launched the TaxBit Network – a supported network of 20 top crypto companies, including Coinbase, Gemini and SuperRare, that will allow clients of supported institutions to access 2021 crypto tax forms at no charge. Austin Woodward, co-founder and CEO of TaxBit, told CoinDesk he hopes to make the software more accessible – both in terms of cost and ease of filing – and thereby democratize and demystify the crypto tax process. Crypto taxes have historically been cumbersome, confusing and often expensive, with annual filing costs running into the thousands of dollars for many crypto holders, Woodward said.