BlockFi is partnering with TaxBit to assist BlockFi clients with all things tax-related. TaxBit is a cryptocurrency tax software company that helps cryptocurrency holders and investors calculate their profits, losses, and tax liabilities, and generate IRS-friendly tax forms.
TaxBit was founded by CPAs, tax attorneys, and software developers in order to make crypto tax preparation easy. TaxBit’s intuitive software allows clients to track their cryptocurrency activity across multiple exchanges, generate the required tax forms, and document all tax calculations through its CPA-designed audit trail. TaxBit offers plans, which include IRS audit support in the event a user is audited by the IRS.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com.