2 years ago
Cryptocurrency speech Coinbase (COIN) is giving users the enactment to person their taxation refunds successful crypto, the institution announced successful a blog post Thursday.
TurboTax’s website shows however users tin present person their refunds deposited straight into the Coinbase account. According to Coinbase's blog post, customers tin take to get refunds deposited into 1 of 100+ cryptocurrencies from stablecoins to yield-bearing assets.
Both national and authorities taxation refunds tin some beryllium converted automatically into cryptocurrency, according to the New York Times, which was the archetypal to report connected the caller feature.
Recently, taxation bundle steadfast TaxBit launched the TaxBit Network, a supported web of 20 apical crypto companies – including Coinbase, FTX.US, Binance.US, Gemini and SuperRare – that volition let clients of supported institutions to entree crypto taxation forms for 2021 astatine nary charge.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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