The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Taxpayers already have many crypto-tax vendors to choose from when compiling information for their tax returns, such as Token Tax, Koinly and Zen Ledger. Due to the transparency and traceability of public blockchain transactions, users simply input their pseudonymous digital wallet addresses and receive a complete, itemized and forgery-proof record of their taxable trades from decentralized financial protocols along with cost-basis information.

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