We are excited to partner with BlockFi and launch the BlockFi Tax Center.
We are excited to partner with BlockFi and launch the BlockFi Tax Center. BlockFi is the first crypto native platform to provide its users with real-time gain and loss data, powerful tax-loss harvesting and optimization tools, and year-end tax forms that are ready for users to file. This partnership removes the complexities of digital asset tax reporting in a user-centric way.
Starting today, BlockFi customers have access to a full suite of tax tools natively within BlockFi's platform, including tax reporting, tax planning, and year-round crypto tax-loss harvesting. The BlockFi Tax Center will be available to all eligible clients in the United States. Additionally, the BlockFi Tax Center will give clients tools to monitor their tax liability as they use BlockFi throughout the year.
Within the BlockFi Tax Center, clients will find useful summary data about total losses available to be harvested and total losses already harvested for the current fiscal year. They’ll also find similar data by asset, including whether an asset has a tax-loss harvesting opportunity or missing cost basis and the market position of each tax lot.
"We're always looking for ways to make it easier for clients to improve their financial planning, and we know that tax exposure can be a daunting task for crypto investors," said Zac Prince, Founder and CEO of BlockFi. "That's why we're thrilled to be the first integration with TaxBit, harnessing their expertise to untangle the complexities of the tax system for our client base.
To learn more about the BlockFi Tax Center and the benefits of cryptocurrency tax planning, please visit: https://help.blockfi.com/hc/en-us/sections/360011417432-Tax-Center