Author, Tech Reporter at CNN Money
Venture Capitalist, Professional Investor
Former IRS, Graduate Tax Professor at SJSU
Pick any cost basis methodology to account for you bitcoin including FIFO, LIFO, AVCO, and LibraTax Optimized.
Easily connect to Coinbase, Blockchain.info, and others to automatically import your transactions and calculate your tax credit or liability.
LibraTax helps you avoid overpaying the IRS. Take advantage of automatic calculation of taxable/non-taxable Bitoin transactions.
Libra’s platform is compatible with many major Bitcoin wallets and exchanges. These integrations allow for near instant calculation of realized gains and losses, tax liability calculations, accounting reports and other analysis, on-demand. Libra also features a generic import template that allows users to add their transactions from almost any Bitcoin wallet and/or exchange.
Libra CEO and Founder Jake Benson recently said in a presentation to an audience at SXSW, that the “blockchain is simply an accounting ledger, nothing more.” Libra is built with this mentality in mind. By using the blockchain users can experience real-time accountancy, reporting and compliance. Prior to Libra, this was something that simply didn’t exist.
Read more about being at the intersection of cutting-edge technology and digital currency with Libra’s suite of services: