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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3671 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Thursday, August 19, 2021 - 3:45 pm:    BlockFi, TaxBit Partner to Provide Crypto Reporting Tool for US Clients High yield crypto lender BlockFi is teaming up with TaxBit to provide U.S. customers access to tax reporting tools. “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 in a prepared statement. TaxBit CEO Austin Woodward added that “this partnership removes the complexities of having digital asset tax reporting in a user-centric way.” BlockFi’s U.S. clients will reportedly have access to a “full suite” of tax tools within the BlockFi Tax Center. This includes tax reporting, tax planning, tax-loss harvesting, and trading.The service will also track information at the transaction level so as to provide clients with a 1099-B tax form.