Libra Services has released LibraTax, a new software solution that lets individuals and businesses that have transacted business in Bitcoin and other digital currencies to calculate their tax obligations.
The software calculates reportable capital gains on digital currencies following guidance released by the Internal Revenue Services in March. It retrieves a user’s transaction history and synchronizes it with the digital currency’s historical fair market value, and accommodates all types of taxable events, including income, gifts and donations.
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