{"id":561625,"date":"2023-03-09T17:00:00","date_gmt":"2023-03-09T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cointracker-integrates-with-hr-block-to-offer-crypto-tax-preparation\/"},"modified":"2023-03-09T17:00:00","modified_gmt":"2023-03-09T14:00:00","slug":"cointracker-integrates-with-hr-block-to-offer-crypto-tax-preparation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cointracker-integrates-with-hr-block-to-offer-crypto-tax-preparation\/","title":{"rendered":"# CoinTracker integrates with H&#038;R Block to offer crypto tax preparation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3e2df135618\" 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-6a3e2df135618\" 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\/cointracker-integrates-with-hr-block-to-offer-crypto-tax-preparation\/#%E2%80%9D_CoinTracker_integrates_with_H_R_Block_to_offer_crypto_tax_preparation_%E2%80%9C\" >&#8221; CoinTracker integrates with H&#038;R Block to offer crypto tax preparation &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CoinTracker_integrates_with_H_R_Block_to_offer_crypto_tax_preparation_%E2%80%9C\"><\/span>&#8221; CoinTracker integrates with H&#038;R Block to offer crypto tax preparation &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZTg3YTc2NTItNmI2Ni00MDViLTg0YjgtNGQ3OWJiMDc4ODZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Crypto tax software provider CoinTracker is integrating its software with H&amp;R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.\u00a0<\/p>\n<p>In an announcement seen by Cointelegraph, CoinTracker noted the partnership will allow American H&amp;R Block customers to use CoinTracker and\u00a0automatically fill in their Form 8949 regarding crypto trades. This form is submitted during tax season to report one\u2019s capital gains and losses from investments.<\/p>\n<p>Previously, users had to cut and paste crypto trade data into each form field on the H&amp;R Block <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>, which could lead to mistakes. Under the new integration, H&amp;R users can import their crypto transactions from \u201cmost\u201d exchanges into their H&amp;R Block tax returns.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for Crypto holders. Filing cryptotaxes has never been easier. File with H&amp;R Block Online, connect to Cointracker and just click import. More intuitive. More accurate. Learn more about how crypto can impact your taxes: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XYjzra3z5B\">https:\/\/t.co\/XYjzra3z5B<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6gGXlyNyr0\">pic.twitter.com\/6gGXlyNyr0<\/a><\/p>\n<p>\u2014 H&amp;R Block (@HRBlock) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HRBlock\/status\/1632862829844783105?ref_src=twsrc%5Etfw\">March 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>H&amp;R Block is an American tax preparation company founded in 1955. In 2020, H&amp;R Block <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hrblock.com\/tax-center\/newsroom\/around-block\/hr-block-introduces-strategic-transformation-at-virtual-investor-day\/\" data-amp=\"https:\/\/www-hrblock-com.cdn.ampproject.org\/c\/s\/www.hrblock.com\/tax-center\/newsroom\/around-block\/hr-block-introduces-strategic-transformation-at-virtual-investor-day\/?amp\">had<\/a> around 20 million tax customers.<\/p>\n<p>The two companies also made some additional upgrades for the 2023 tax season as a result of the integration, including the offer of free CoinTracker accounts to all H&amp;R users who have fewer than 25 crypto trades, as well as certain discounts for other H&amp;R users.\u00a0<\/p>\n<p>In a statement, CoinTracker COO Vera Tzoneva said that the new integration should cut down on the hassle of paying crypto taxes, stating:<\/p>\n<blockquote><p>\u201cThe process of crypto tax filing is far too complex. We remain fixated on delivering peace of mind and the requisite tools for all crypto users. Partnering with H&amp;R Block is a major step toward realizing this vision.\u201d<\/p><\/blockquote>\n<p><em><strong>Related: <\/strong><strong>Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season<\/strong><\/em><\/p>\n<p>Tax season is seen by some as a\u00a0confusing and complex\u00a0time\u00a0for some\u00a0crypto traders. While legally defined \u201ccrypto brokers\u201d are required to issue a Form 1099-B to each customer, the Internal Revenue Service\u00a0has yet to clearly explain what firms fall under the definition of \u201cbrokers.\u201d<\/p>\n<p>Most centralized exchanges produced the required forms for their users but not decentralized finance protocols. This has left some taxpayers relying on blockchain explorers to determine their gains and losses.<\/p>\n<p>Even if a taxpayer only uses centralized exchanges, tracking gains and losses can still become complex if the user transfers crypto between exchanges, as this can cause transactions to show up on multiple forms.<\/p>\n<p>CoinTracker\u2019s crypto tax software is one of many. <\/p>\n<p>Over the past few years, several crypto tax software solutions have been offered, including CoinTracker, Koinly, Taxbit, CoinLedger, TokenTax and others. These products allow the user to enter their exchange and wallet accounts into a single interface that tracks all of their transactions. <\/p>\n<p>However, not all solutions are integrated with tax preparation platforms like H&amp;R Block, TurboTax, FreeTaxUSA, etc.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/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 News 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\/cointracker-integrates-with-h-r-block-to-offer-crypto-tax-preparation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CoinTracker integrates with H&#038;R Block to offer crypto tax preparation &#8220; Crypto tax software provider CoinTracker is integrating its software with H&amp;R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.\u00a0 In an announcement seen by Cointelegraph, CoinTracker noted the partnership will allow American&#8230;<\/p>\n","protected":false},"author":1,"featured_media":561626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/e87a7652-6b66-405b-84b8-4d79bb07886f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,74863,74860,74877,74879,70934,46483],"class_list":["post-561625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-exchange","tag-wallet","tag-regulation","tag-taxes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/561625","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=561625"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/561625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/561626"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=561625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=561625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=561625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}