Tax season is upon us, and H&R Block has just announced a new feature to help make filing taxes easier for those who have traded in cryptocurrency. The new CoinTracker feature is designed to automatically calculate crypto trade taxes, helping users save time and money.
Cryptocurrency has become increasingly popular over the past few years, and with it comes the need to accurately report any gains or losses on taxes. This can be a difficult and time-consuming process, as users must manually calculate their gains and losses from each trade. H&R Block’s new CoinTracker feature simplifies this process by automatically calculating crypto trade taxes.
The CoinTracker feature is integrated into H&R Block’s tax filing software, allowing users to easily import their crypto trading data. Once the data is imported, CoinTracker will automatically calculate gains and losses from each trade and report them on the user’s tax return. This eliminates the need for manual calculations and helps users save time and money.
In addition to calculating crypto trade taxes, CoinTracker also provides users with helpful insights into their trading activity. Users can view their total gains and losses from each trade, as well as their overall trading performance. This helps users gain a better understanding of their trading activity and make more informed decisions in the future.
H&R Block’s new CoinTracker feature is a welcome addition for those who have traded in cryptocurrency. It simplifies the process of filing taxes by automatically calculating crypto trade taxes, saving users time and money. Furthermore, it provides users with helpful insights into their trading activity, allowing them to make more informed decisions in the future.
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