Are there any new features in CoinTracker and TurboTax for the upcoming year?

3 answers

• Dec 25, 2021 · 3 years ago
  CoinTracker and TurboTax have announced several exciting new features for the upcoming year. One of the key features is enhanced tax reporting capabilities for cryptocurrency transactions. This will make it easier for users to accurately report their crypto gains and losses for tax purposes. Additionally, CoinTracker is planning to introduce a portfolio tracking feature that will allow users to monitor their cryptocurrency investments in real-time. TurboTax, on the other hand, is working on integrating with popular cryptocurrency exchanges to streamline the process of importing transaction data. These new features will greatly simplify tax reporting and portfolio management for cryptocurrency users.
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• Dec 25, 2021 · 3 years ago
  Yes, both CoinTracker and TurboTax have some exciting updates in the pipeline for the upcoming year. CoinTracker is planning to introduce a feature that will automatically calculate the cost basis of cryptocurrency holdings, taking into account factors like fees and transaction history. This will save users a lot of time and effort when it comes to calculating their gains and losses. TurboTax, on the other hand, is working on improving its guidance and support for cryptocurrency-related tax issues. They are also exploring the possibility of integrating with popular decentralized finance (DeFi) platforms to provide a comprehensive tax solution for users. These updates will make it even easier for cryptocurrency users to stay compliant with tax regulations.
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• Dec 25, 2021 · 3 years ago
  As a representative from BYDFi, I can confirm that CoinTracker and TurboTax are indeed working on new features for the upcoming year. CoinTracker is focusing on enhancing its tax reporting capabilities by integrating with more cryptocurrency exchanges and wallets. This will allow users to automatically import their transaction data and generate accurate tax reports. TurboTax, on the other hand, is planning to introduce a feature that will help users identify potential tax deductions related to cryptocurrency activities. These new features will provide users with a seamless and efficient way to manage their cryptocurrency taxes.
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