Started by Bitcoin, Mar 13, 2023, 11:02 am
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BitPay and ZenLedger have partnered to bring simple crypto tax filing to all BitPay users. ZenLedger is the IRS’ sole source provider of forensic accounting and taxation software for cryptocurrencies, offering advanced features to get your crypto taxes done in minutes. With an easy three step process, crypto investors globally can import transactions directly from your BitPay Wallet to ZenLedger’s crypto tax software, ensure reports are accurate and generate all the forms you need to accurately file your taxes. BitPay Wallet users will receive a 20% discount on ZenLedger’s tax software plans.
Once you’ve created a ZenLedger account and connected your wallet, your transactions will appear within your ZenLedger dashboard. Now you are ready to use ZenLedger to prepare and file your crypto taxes. Learn more about crypto taxes with BitPay's tax guide.
The last few quarters have been up and down for many in cryptocurrency. Did you buy crypto at the wrong time and now you’re looking at a loss? Make it work for you when tax time comes. Tax-loss harvesting is the process of selling a cryptocurrency that has experienced a loss to realize that loss. By “harvesting” the loss, investors can offset taxes on both gains and income. The sold cryptocurrency can then be replaced in the portfolio in order to maintain an optimal asset allocation and expected returns.
All BitPay Wallet users that sign up with ZenLedger will have access to ZenLedger’s tax-loss harvesting tool. Read ZenLedger’s guide to tax-loss harvesting to learn more and get started.
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