Are you confident in accurately reporting cryptocurrency earnings on your tax returns?

June 2024 Product Highlights

Alexandra Reyes

July 15, 2024  ·  2 min read

June 2024 Product Highlights

We’ve been working hard to make this Onchain Summer one for the books. Here are the latest updates from CoinTracker.

Smart contract wallet support

CoinTracker is the first crypto tax solution to fully support ERC-4337 (Account Abstraction) enabled smart contract wallets, including Coinbase Smart Wallet. With this launch, CoinTracker now automatically categorizes smart contract wallet transactions to provide the right tax treatment and correctly handles fees paid by smart contract wallets (including fees paid in ERC-20 tokens). To get started, select a blockchain and paste your smart contract wallet address.

Now you can easily onboard your friends and family to web3 knowing they’ll have peace of mind with their taxes come tax season.

⛓️ 5 New blockchains supported

We’ve added support for five new blockchains to CoinTracker for automatic portfolio tracking and tax calculations. CoinTracker will now accurately import and categorize transactions on the following blockchains:

Stay tuned for more chains coming soon! 👀

🔒 Improved account security

In order to keep you account even more secure, when a login to your CoinTracker account is detected from a new location, you’ll be prompted for an email authentication code, even if you don’t have 2FA enabled.

P.S.: We recommend you enable 2FA with an authenticator of your choice if you have not already.

🐞 Latest bug fixes and small improvements

  • Many visual and performance improvements for CoinTracker’s mobile application
  • Fixed a bug that was preventing mobile users from receiving notifications
  • Added ability to change the category of transactions with multiple categories
  • Added support for Coinbase international account deposits and withdrawals
  • Asset pricing improvements for Blur Pool, Coinbase Wallet Staked ETH, and Staked Shiba Inu tokens
  • Fixed inflated cost basis and amount realized across some Form 1040 reports
  • Stopped calculating capital gains/losses on transactions marked as stolen
  • Fixed issue where 2FA was enabled even if users did not complete 2FA enrollment
  • Updated Coinbase CSV importer to support new ID column
  • Fixed a bug that was preventing wallets with contract creation transactions from syncing
  • Fixed a bug where Stellar “account creation” transactions were imported as sends instead of receives

For more, follow us on Twitter. If you are enjoying CoinTracker, please leave us a review on Trustpilot, the App store, or the Play store.

Related Posts