Cryptocurrency Wallet Company Ledger Has Integrated Tax Solution to Streamline Reporting

Ledger, a major cryptocurrency hardware wallet provider, is adding a new crypto tax-related solution to assist crypto investors in tracking their taxes.

Ledger has partnered with ZenLedger, a cryptocurrency tax software platform, to integrate its crypto tax reporting solution into Ledger's interface application, Ledger Live.

The new tax functionality is now available on Ledger Live and can be found under the Discover section of the Ledger Live application catalog. Users can use the software tool to automatically aggregate the history of all transactions made through Ledger Live and track losses and gains.

Jean-François Rochet, Vice President of International Development at Ledger, was informed that ZenLedger is the first tax software integration on Ledger Live.

"It is possible to buy, sell several services, exchange and pledge your cryptocurrency through partners in Ledger Live, but this is the first time that tax-related services are included."

If tax reporting software options such as ZenLedger are selected, users who choose to keep cryptocurrencies such as Bitcoin (BTC) on their own will have to manually calculate their losses and income according to Rochette, not available.