ZenLedger and Abra Announce Strategic Partnership For Cryptocurrency Tax Reporting

SEATTLE, Jan. 26, 2021 /PRNewswire-PRWeb/ — ZenLedger, a cryptocurrency tax program and blockchain analytics startup, declared a strategic partnership with Abra, a leading fiscal solutions and know-how company, that operates an all-in-1, custodial cryptocurrency wallet and exchange.

With the addition of the digital forex question to the major of Sort 1040 for 2020 filings, cryptocurrency users will possible require the aid of crypto tax computer software to report their taxes thoroughly. The most current IRS assistance states that if crypto people acquired, sold, mined, or traded cryptocurrency in 2020, they are required to report the gains and losses of their transactions on tax returns.

This new partnership permits Abra prospects to very easily accessibility crypto tax aid as a result of the ZenLedger system so they can watch their crypto investing record, recognize their tax liabilities, and produce tax sorts employing their preferred accounting system. Each corporations can give even improved services to their clientele and assistance them stay compliant with this integration, which will assistance when tax season officially kicks off on February 12th.

“ZenLedger will enable our shoppers deal with their crypto taxes conveniently, addressing a key discomfort place for Abra customers today. We are fired up to announce this partnership with the ZenLedger staff,” claims Ivan Galli, VP of Operations at Abra.

“We are delighted to be Abra’s preferred crypto tax companion and to have the option to provider their 1M+ customers not only for their 1099-MISC wants, but also for their finish crypto tax and accounting prerequisites,” suggests Dan Hannum, COO at ZenLedger.

ZenLedger, a Seattle based mostly Fintech startup with 15 team customers, has grown earnings and prospects by over 500% 12 months around 12 months. The cryptocurrency tax startup has assisted hundreds of traders and tax industry experts with tax filings and financial assessment, preserving them many labor hrs and countless numbers of bucks. ZenLedger computer software aggregates consumer transaction info throughout numerous exchanges, wallets, and tokens in just one basic dashboard, producing it uncomplicated to work out tax legal responsibility.

With about a million shoppers, Abra provides a basic app that lets investors to obtain, market, keep, and trade 100+ cryptocurrencies as well as receive interest on many of the most preferred cryptocurrencies and US greenback stablecoins. Abra can fund your wallet, establish a portfolio, trade, and earn interest all in one particular put.

About ZenLedger

Founded in 2018, and crafted by field veterans in know-how, finance, and accounting, ZenLedger immediately imports clients’ cryptocurrency buying and selling heritage, calculates gains and losses, and generates tax forms. ZenLedger can help cryptocurrency buyers remain IRS compliant with integration aid for around 400+ exchanges, 40+ blockchains, and 20+ DeFi protocols. Calculating cryptocurrency taxes is challenging, and ZenLedger will make it worry-cost-free by giving computerized tools to lower the manual get the job done of crypto tax preparation. For more details, take a look at https://zenledger.io/.

ZenLedger Press Kit

About Abra

Abra is generating a easy and trustworthy cellular-initially crypto financial institution to help tens of millions of buyers to handle and expand their crypto assets very easily. The Abra support empowers customers in a lot more than 150 international locations to receive curiosity* on crypto belongings and US greenback stablecoins alongside the capability to purchase, provide, hold, ship, and trade cryptocurrencies wherever, at any time.

Abra’s world mission is to democratize entry to economic services. Started in 2014 and headquartered in San Francisco, Abra is readily available in in excess of 155 countries. Traders incorporate American Categorical Ventures, Initially Spherical Cash, Foxconn Know-how Group, Arbor Ventures, Lerer Hippeau, Carthona Funds, RRE Ventures, DCG Team, and lots of some others. For much more data, pay a visit to https://www.abra.com/.

ZenLedger Media Make contact with
Spring Dunn
Director of Internet marketing
[email protected]

Abra Media Get in touch with
Lomesh Dutta
Head of Development
[email protected]

Media Contact

Spring Dunn, ZenLedger, +1 7132918243, [email protected]

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Resource ZenLedger