This month has been a wild ride for cryptocurrency again as Ethereum hits an all time high of $3.9k. Meanwhile Janet Yellen (US Secretary of Treasury) warns of increased inflation and Balaji Srinivasan makes a prediction about the impacts of increased inflation. The US tax deadline looms around the corner on May 17, 2021 and we continue to see an unprecedented surge in support requests so we sincerely appreciate your ongoing patience as we work on expanding our team. Here’s the latest from CoinTracker:
Track staking rewards
We heard your feedback that you want to see Kraken staking supported so you’ll now see these rewards automatically synced to CoinTracker:
Support for crypto interest
You can now track, edit, filter, and search for cryptocurrency interest transactions across CoinTracker. You’ll see your cumulative crypto interest tagged from the transactions page summarized in the tax center:
Earn credit when you refer friends
For each friend you refer to CoinTracker that buys a tax plan, you’ll both get $10 CoinTracker credit.
- Other improvements: users without taxable transactions in a tax year will now be warned before getting a tax report, improved interface to handle large numbers, crypto data improvements, fixed syncing for Gate.io, Huobi, KuCoin, and CSV parsing updates for Binance US, BlockFi, Crypto.com, Square Cash App
- Blog: How to write off worthless crypto, IRS clarifies tax rules on hard forks, You may owe quarterly taxes on your crypto
- Press: Accounting Web, Bloomberg, Decrypt, The Wall Street Journal
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The CoinTracker Team
P.S. We’re hiring!