Hold more crypto by leveraging the right crypto treasure tool

Hold more crypto by leveraging the right crypto treasure tool

If we were to make a list of things that crypto users hated, we would “tax man” can make the top five. After all, crypto as an industry was originally created with an anarchist ideology in mind, at least with the goal of overturning the modern traditional financial ecosystem.

But naturally, as crypto has matured, the governing bodies that are wanted are starting to get involved. In many countries around the world, Pay tax on crypto income is now a necessity.

The challenge is that while the IRS has said that crypto is taxed in the US, they haven’t said much else. So for crypto-natives who want to play by the rules, at least the few rules that exist, they’re left with a few different options.

They can try to manually tabulate their crypto tax, hoping that they pay the correct amount. Or they can leverage tools that minimize their tax burdens and allow them to hold onto more crypto come tax time.

While there have been many crypto tax tools that have emerged over the years, Lesbar has grown as a preferred secure and automated solution for crypto do-it-yourself filers and tax professionals. The Ledgible crypto tax platform is SOC 1 & 2 Type 2 audited, which is the highest level of independent data security out there. Ledgible has focused heavily on giving tax professionals and accountants easy access to manage cryptocurrency tax returns, and this also means that taxpayers who may need a little extra help can easily connect their portfolios in a read-only secure manner to their accountant or CPA.

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This functionality is unique in the crypto tax and accounting space and gives tax professionals ultimate control to help crypto taxpayers minimize their crypto tax. This ultimately means that the crypto-taxpayer who uses Ledgible and works with a tax firm that Friedman end up making sure their paid crypto taxes are as small as possible – ultimately keeping more crypto in their pockets.

Ledgible has automated transaction tracking and matching, the most robust manual categorization tools on the market, and at the end of the day creates crypto treasures Ledgible for crypto taxable and professionals.

They say the only two certainties in life are death and taxes. Unfortunately, the term seems to apply to the crypto space as well. For traders and investors who want to minimize their crypto tax burden or for tax professionals who want to help crypto users minimize their crypto tax, Ledgible is the solution of choice.

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All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information contained on our website is strictly at their own risk.

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