{"id":431864,"date":"2022-04-14T16:00:00","date_gmt":"2022-04-14T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-wallet-firm-ledger-integrates-tax-solution-to-simplify-reporting\/"},"modified":"2022-04-14T16:00:00","modified_gmt":"2022-04-14T13:00:00","slug":"crypto-wallet-firm-ledger-integrates-tax-solution-to-simplify-reporting","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-wallet-firm-ledger-integrates-tax-solution-to-simplify-reporting\/","title":{"rendered":"# Crypto wallet firm Ledger integrates tax solution to simplify reporting"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2efae301132\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2efae301132\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-wallet-firm-ledger-integrates-tax-solution-to-simplify-reporting\/#%E2%80%9D_Crypto_wallet_firm_Ledger_integrates_tax_solution_to_simplify_reporting_%E2%80%9C\" >&#8221; Crypto wallet firm Ledger integrates tax solution to simplify reporting &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_wallet_firm_Ledger_integrates_tax_solution_to_simplify_reporting_%E2%80%9C\"><\/span>&#8221; Crypto wallet firm Ledger integrates tax solution to simplify reporting &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTUxZjc1ZDQtYzU0Yi00MmRlLTg5OWQtMjJmMDhiYTE5MWRhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Major cryptocurrency hardware wallet provider Ledger is moving to help crypto investors keep track of their taxes by integrating a new crypto tax-related solution.<\/p>\n<p>Ledger has partnered with cryptocurrency tax software ZenLedger to integrate its crypto tax reporting solution into Ledger\u2019s interface <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication, Ledger Live, the firm announced to Cointelegraph on Thursday.<\/p>\n<p>The new tax feature is im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely available on Ledger Live and can be found in the discover section of its catalog. The software tool allows users to automatically aggregate the history of all transactions completed via Ledger Live and track losses and earnings.<\/p>\n<p>Jean-Fran\u00e7ois Rochet, Ledger\u2019s vice president of international development, told Cointelegraph that ZenLedger is the first tax software integration with Ledger Live:<\/p>\n<blockquote><p>\u201cMultiple services are available through partners in Ledger Live to buy, sell, swap and stake your crypto, but this is the first time a tax-related service is integrated.\u201d<\/p><\/blockquote>\n<p>Without tax reporting software tools like ZenLedger, users who chose to self-custody cryptocurrencies like Bitcoin (BTC) would have to manually calculate their losses and earnings, Rochet noted.<\/p>\n<p>The integration has a strong focus on the United States\u2019 tax standard, targeting the particularly complex tax filing duties of U.S. customers. The software tool will still be available to Ledger Live customers outside of the United States, Rochet said.<\/p>\n<p>\u201cOver 3.5 million people use Ledger hardware wallets worldwide, approximately 20% of digital assets are stored in Ledger devices, and we continue to see an increase in Ledger products used in the United States,\u201d he stated.<\/p>\n<p>Rochet pointed out that Ledger Live has already integrated several regulated financial services platforms to accommodate Know Your Customer and Anti-Money Laundering procedures, including services like MoonPay and Wyre. \u201cOur partnerships with MoonPay and Wyre have also allowed us to establish a better fiat to self-custody crypto on-ramp,\u201d he added.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto tax rules will reduce US budget deficit by $11B over ten years \u2014 White House<\/em><\/strong><\/p>\n<p>Founded in 2018, ZenLedger provides noncustodial crypto tax software that uses public addresses to aggregate customer transactions and \u200b\u200bcalculate tax liability. Last month, ZenLedger <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/zenledger-renews-contracts-with-irs-as-preferred-crypto-tax-software-301492749.html\">renewed<\/a> its contract with the civil and criminal investigation units of the Internal Revenue Service.<\/p>\n<p>The new integration comes a few days before the looming U.S. tax deadline, with residents required to file taxes by April 18. The crypto community has been actively working to help U.S. crypto investors report their taxes. Last month, enterprise crypto donation platform Engiven launched an IRS tax form and appraisal service to simplify tax reporting for cryptocurrency donors and nonprofits.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-wallet-firm-ledger-integrates-tax-solution-to-simplify-reporting\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto wallet firm Ledger integrates tax solution to simplify reporting &#8220; Major cryptocurrency hardware wallet provider Ledger is moving to help crypto investors keep track of their taxes by integrating a new crypto tax-related solution. Ledger has partnered with cryptocurrency tax software ZenLedger to integrate its crypto tax reporting solution into Ledger\u2019s interface application,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTUxZjc1ZDQtYzU0Yi00MmRlLTg5OWQtMjJmMDhiYTE5MWRhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75190,75189,117,70934,46483,67874],"class_list":["post-431864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-hardware-wallet","tag-ledger","tag-business","tag-regulation","tag-taxes","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=431864"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431865"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}