Coinbase has updated its tax tools. Customers can generate a single report showing all buys, sells, sends and receives of all currencies associated with their Coinbase accounts. The report provides the cost basis for all purchases and proceeds for all sales, including Coinbase fees. And for customers who have bought or sold cryptocurrency only on Coinbase, the company is offering a tool to automatically calculate gains or losses based on a first-in-first-out (FIFO) accounting method. Read more here.

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at contact@thirtyk.com.