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Cryptocurrency Tax Software NODE40 Supports Coinbase Users Just in Time for Tax Season
Cryptocurrency Tax Software NODE40 Supports Coinbase Users Just in Time for Tax Season ...
About this update from Intellabridge Technology Corp.
[{"type":"text","content":"\n\n\n\nCryptocurrency Tax Software NODE40 Supports Coinbase Users Just in Time for Tax Season\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 7, 2018\n\n\n\nCoinbase's 13 Million Users Now Have Ability to Report Capital Gains and Losses for Bitcoin, Bitcoin Cash, Litecoin and Ethereum\n\n\n\nVANCOUVER, Feb. 7, 2018 /CNW/ - HashChain Technology Inc. (TSXV: KASH; OTCQB: HSSHF) (\"HashChain\" or the \"Company\") today announced that NODE40, LLC (NODE40) has activated support for Coinbase account holders. HashChain previously announced the signing of the definitive agreement with NODE40 to acquire 100% of NODE40 assets on January 30, 2018 and the parties are proceeding with closing the acquisition in the coming days. NODE40 is a New York based blockchain technology company bringing best-in-class tax compliance to cryptocurrency traders globally. The announcement means any Coinbase user can use the NODE40 Balance Software-as-a-Service to accurately calculate their cryptocurrency capital gains and losses, and report to their respective tax authorities for the 2017 financial year, and all prior years. Whilst there is no formal agreement between NODE40 and Coinbase, the NODE40 Balance addition means Coinbase account holders can request and import their own personal information and transaction history onto a compatible piece of software. Previously, NODE40 allowed users to create a ledger from only a cryptocurrency wallet address, but now they have built the technology to allow users to create a ledger from an exchange. They have chosen Coinbase as their first exchange, because it's the biggest exchange in the world. Coinbase users simply type in their Coinbase username and password on NODE40 Balance and it imports all of their past transactions. Then, the capital gains, or losses, are carried into Form 8949, which can be sent to the IRS at tax time.\n\n\n \n \n\n \nNODE40 Balance allows users to conduct accurate tax compliance using intuitive, easy-to-use software that analyzes the blockchain, calcula...