Blockfolio and TokenTax join forces to make taxes easier

2 min read

The deadline for filing 2019 taxes in the United States is fast approaching. Even for those who declare traditional income, the process can take a long time to say the least. One of the biggest challenges for crypto holders in the US and beyond is how they can declare their crypto assets and not abandon the IRS.

Tax season made easier for holders of cryptocurrency

Blockfolio and Token Tax try to make this process easier for US residents. TokenTax is a platform for crypto investors who can analyze crypto transaction data and generate the appropriate tax forms, while Blockfolio is a mobile cryptocurrency portfolio. By integrating these two, users can follow crypto in Blockfolio, sign up for TokenTax and immediately get the option to import all their transactions. TokenTax co-founder Alex Miles notes:

“One of the biggest time falls for users is how they get their transactions in the Token Tax system. Given the number of people who are already following their transactions in Blockfolio, integration is just logical. "

As one of the leading networks for tracking and managing mobile cryptocurrency portfolios, Blockfolio CEO Edward Moncada agrees:

"We are pleased that this integration and collaboration will make the already time-saving TokenTax experience even easier for our users."

This integration means that current Blockfolio users who have already entered their transaction details do not have to repeat their work on tax forms. All holders of crypto currencies must not forget that false or incorrect reporting of assets about their US taxes can lead to high fines.

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Written by

Don Bradman

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