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TaxBit launches network in partnership with major exchanges and DEXs

Crypto accounting firm TaxBit has launched a network allowing users to connect accounts across the crypto ecosystem to generate their transaction history when filing their taxes. US taxpayers who trade crypto generate Form 8949 to show transaction history for the year when filing with the Internal Revenue Service (IRS). The form illustrates transactions involving capital assets held in the short-term, meaning a year or less. It requires taxpayers disclose a description of the property, the date acquire, the date sold …

TaxBit launches network in collaboration with major exchanges and DEXs

Crypto accounting firm TaxBit has launched a network allowing users to connect accounts across the crypto ecosystem to generate their transaction history when filing their taxes. US taxpayers who trade crypto generate Form 8949 to show transaction history for the year when filing with the Internal Revenue Service (IRS). The form illustrates transactions involving capital assets held in the short-term, meaning a year or less. It requires taxpayers disclose a description of the property, the date acquire, the date sold …