The TurboTax tax filing platform allows US applicants to Get Cashback Directly in Crypto as Part of the Deal with Coinbase
In a blog post Thursday, Coinbase declare thatUsers filing tax returns using TurboTax have the option of earning returns in cryptocurrencies such as Bitcoin (BTC ) and other coins. that are supported on the platform It says users can send funds to their Coinbase accounts in the form of fiat or 0t, automatically converted to crypto with no trading fees.
New York Times report sayThat Coinbase offer applies to state and federal income taxes. The exchange previously partnered with tax calculation platform CoinTracker to fill out a form for users to identify profit and loss.
Deadline for US residents The tax filing date is April 18 and under current US law. Exchanging, buying, or selling crypto is taxable. This should be subject to 20% capital gains tax on HODLing the property for the whole year or more. Help them get tax-exempt.
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