Large Hardware Wallet Vendor Ledger Says It Will Help Crypto Capitalists You can track your taxes by yourself using different methods.
Ledger has partnered with crypto tax software ZenLedger to integrate its crypto tax reporting solution with Ledger’s application, Ledger Live.
This tax feature will be available on Ledger Live and enabled from the Discover window, where the software will allow users to include a history of all transactions completed through Ledger Live, as well as track losses and earnings.
Jean-François Rochet, Ledger’s vice president of international development, told Cointelegraph that ZenLedger is tax software integrated with Ledger Live.
Rochet says that without tax reporting software like ZenLedger, users will have to take care of crypto. and calculate the loss and income manually
Rochet said that although the partnership will focus on the US tax system, This targets complex tax filings for US customers. But this software tool will only work for Ledger Live customers outside the US.
“Over 3.5 million people worldwide use Ledger hardware wallets, over 20% of digital assets are stored on Ledger devices and we continue to see the adoption of Ledger products increasing in the US.”
Rochet also details that Ledger Live already integrates regulated financial services across multiple platforms. To support KYC and prevent money laundering This includes services such as MoonPay and Wyre.
“Our partnership with MoonPay and Wyre allows us to create better orders for self-serving cryptos.”
Founded in 2018, ZenLedger provides crypto tax software, uses public addresses to aggregate customer transactions and calculate tax liabilities. Last month, ZenLedger renewed its contract with the Civil and Criminal Investigation Service of the Internal Revenue Service.
The new partnership comes just days before the upcoming US tax deadline, with residents filing their taxes by April 18. has been actively working to help US crypto investors report their taxes.
And last month, Engiven, a crypto donation platform. IRS Tax Forms and Assessment Services has been launched to make tax reporting easier for crypto donors and nonprofits.