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Cointelli has launched an application for tax calculations for cryptocurrencies and other digital assets. The software, which covers more than 100 wallets, blockchains, and exchanges, is designed to help users determine tax liabilities.
Coinbase, Binance and Cash App are among the platforms supported. The software calculates activities than range from buy and sell transactions to DeFi, staking and margin trading.
Two versions area available: One is for individual investors and cryptocurrency holders and the other for tax filing companies such as accounting firms. The consumer version is priced at $49 per tax year. The company’s website says the enterprise version is designed for those with more than $100,000 in yearly trading volume. Users pay only when they file their taxes.
Cointelli describes the calculation process as calculating gains and losses in for easy steps. The system does not ask for keys and only reads access keys. The company says the software integrates with a variety of platforms but cited only TaxAct and TurboTax on its website
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind