MetaMask customers in the USA will be able to calculate taxes on crypto transactions on the CoinLedger platform
Integration allows you to download the transaction history and generate reports in one click
The American provider of software for calculating the taxation of digital assets, CoinLedger, announced a partnership with the team of the non-custodial Web 3.0 crypto wallet MeraMask, within which platform compatibility was ensured. MetaMask users who connect their accounts to CoinLedger can upload their transaction history to the tax reporting software with one click. This will facilitate the process of collecting, transferring and combining tax reports from various accounts and/or wallets.
CoinLedger co-founder and CEO David Kemmerer said that the partnership provides full integration with the MetaMask Portfolio product. This decentralized application (DApp), launched in September 2022, performs the functions of a portfolio tracker and combines all assets from different blockchains and accounts in one place. Since April last year, Portfolio has also supported the purchase of cryptocurrencies for fiat using bank cards and the PayPal payment system.
Kemmerer clarified that users can directly sync their portfolio with CoinLedger and then automatically generate tax forms directly from the MetaMask Portfolio. He added that simplifying the calculation of taxes and reporting will make the cryptocurrency ecosystem more accessible to a wide range of consumers.
