ZenLedger & eToro form strategic partnership to simplify taxes for crypto-traders

By Pavithra R

ZenLedger.io, a cryptocurrency tax analysis and blockchain analytics firm, has announced partnering with eToro, a social trading and investment marketplace that allows its U.S. users to trade crypto.

With the addition of a virtual currency question to the top of Form 1040 for 2020 filings, crypto traders are likely to need the assistance of crypto tax software to report their taxes properly. The collaboration addresses a key pain point for crypto traders by providing a seamless integrated solution for their crypto tax preparation needs.

The limited-time promotion encourages crypto traders to create an eToro account through ZenLedger, trade $100 of their favourite crypto, and receive a free $149 premium crypto tax plan. The ZenLedger Premium tax plan covers up to 5,000 crypto transactions and includes support for margin trading, airdrops, staking, and forks. After receiving their free tax plan promotion code, eToro users can access the ZenLedger platform to import and view their crypto trading history, calculate gains & losses, and generate tax forms using their preferred accounting method.

“We are delighted to be a crypto tax partner to eToro and for the opportunity to help their 19M+ registered users as well as their current and prospective customers easily manage their crypto accounting and taxes,” said Pat Larsen, CEO of ZenLedger.

ZenLedger is the leading cryptocurrency tax platform. The firm has been helping clients save money on their taxes and stay IRS compliant since 2018. Its mission is to provide clients with the most user-friendly tax and accounting software for cryptocurrency investments, trading, and fund operations. ZenLedger software aggregates user transaction information across multiple exchanges, wallets, and tokens into a single dashboard, making it easy to calculate tax liability.