The store’s latest launch offers Koinly – an AI-powered, automated tax preparation program for cryptocurrency holders – to its growing customer base. The software complements The Crypto Merchant’s comprehensive range of hardware wallets, recovery plates, and robust cases with a simple and intuitive way to keep on top of their DeFi accounts.
More details can be found at https://koinly.io/?via=49642CB0&utm_source=affiliate
The announcement outlines Koinly’s advanced features and its potential to help investors optimize time and resources when it comes to submitting tax filings at the end of the financial year. As with all products available at The Crypto Merchant, shoppers can also turn for advice and support to its customer service team for expert guidance and troubleshooting any setup issues.
The Koinly brand was launched in 2018 by Robin Singh and has since grown to become an established and respected name in the world of crypto accounting. The platform is available in over 20 countries including the US, UK, Canada, and Australia, and tailors its reports to comply with the specific tax reporting requirements of each country.
Koinly allows for the seamless integration of over 75 types of hardware wallets and automatically tracks and records transactions, monitors transfers between wallets, and records market prices at the time of trading entries. Users also benefit from integration with over 350 exchanges and more than 6,000 blockchains.
Information is transferred via API keys from a hardware wallet or using a CSV file export. For US taxpayers, Koinly generates all the forms needed to file cryptocurrency taxes, including 8949 and Schedule D, in addition to capital gains and margin trading summaries. Users can access statements that show airdrops, forks, staking rewards, and other transactions.
Crypto Merchant customers can use the basic version of Koinly without charge and can still use it as a portfolio tracker. With a subscription tier, they receive ready-made reports in the correct format for filing.
A spokesperson for Koinly says, “With Koinly you can import your ETH, BTC, Tezos, and other transactions directly from the ledger, sync all your exchange trading history in one click and get a ready-to-file tax report — all in a matter of minutes.”
Additional details can be found at https://www.thecryptomerchant.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Michigan Journal USA journalist was involved in the writing and production of this article.