TurboTax Adds CryptoTrader.Tax, 3rd Crypto Partnership in 2019

CryptoTrader.Tax, a piece of software that helps crypto investors with their crypto taxes, is now integrated into Intuit TurboTax, a popular piece of tax-filing software for Americans. The announcement of the integration came in a press release on April 4, just before the American federal tax deadline of April 15.

Now, users of CryptoTrader.Tax will be able to export their tax calculations from the software directly into TurboTax’ filing system. “You simply import your cryptocurrency trades into the platform using the technology we have built,” said CryptoTrader.Tax co-founder David Kemmerer. “The software will automatically crunch your capital gains and losses numbers and generate the necessary tax documents including the IRS form 8949.”

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Around tax season last year, news emerged that very few crypto traders actually filed taxes on the crypto trading activity.

In February, Turbotax also integrated with CoinsTax, LLC. The integration will allow users to import trading data directly from two other major exchanges: Gemini and Poloniex.

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