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. Additionally, TaxBit simplifies tax reporting by generating
Form 8949 for you, which will reconcile to your Form 1099-B from BlockFi.
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.