- CryptoTaxCalculator and xDai chain partner to make tax recording easier.
- The partnership will let users create easy-to-read reports when preparing tax returns.
- Recently, the IRS has been increasing its efforts to catch crypto-owning tax-evaders
Tax assistant platform CryptoTaxCalculator and xDai chain announce their partnership making life easier for xDai users come tax time. CryptoTaxCalculator imports and analyzes chain data to produce easy-to-use reports about transaction histories that can be used for filing taxes. As xDai supports a wide variety of transaction-heavy DeFi products built on its chain, the challenges facing many of its users when sorting out taxable events will be alleviated through its integration with a leading name in crypto tax software.
A Lot of DeFi Running on xDai
xDai is a popular based sidechain that offers many advantages to using Ethereum’s main network. Since its launch in 2018, xDai has helped the DeFi community increase its efficiency when using Dai, the ...
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