CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.
CoinTracker noted the partnership will allow American H&R Block customers to use CoinTracker and automatically fill in their Form 8949 regarding crypto trades. This form is submitted during tax season to report one’s capital gains and losses from investments.
Previously, users had to cut and paste crypto trade data into each form field on the H&R Block app, which could lead to mistakes. Under the new integration, H&R users can import their crypto transactions from “most” exchanges into their H&R Block tax returns.
H&R Block is an American tax preparation company founded in 1955. In 2020, H&R Block had around 20 million tax customers.
The two companies also made some additional upgrades for the 2023 tax season as a result of the integration, including the offer of free CoinTracker accounts to all H&R users who have fewer than 25 crypto trades, as well as certain discounts for other H&R users.
