Hong Kong-based Crypto.com announced on Thursday it has expanded its Crypto.com Tax service into the U.S. This expansion comes just after Crypto launched the service in Canada.
According to Crypto.com, Crypto.com Tax enables users to generate accurate and organized tax reports, including transaction history and records of short/long-term capital gains and losses, as well as other crypto-related taxable and non-taxable transactions.
“In a matter of minutes, Crypto.com Tax is able to provide users with an estimation of taxable gains/losses on relevant crypto transactions, which can then be downloaded for tax filing in the reporting format of their choice, including IRS forms and tax filing software.”
Crypto.com went on to add that the service is tailored to meet U.S. tax requirements and the platform worked with professional tax advisers to make sure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in the U.S.
Founded in 2016, Crypto.com serves over 10 million customers today with its crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet.
“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.”