[CoinTracker announces support for Solana through tax simplification]
CoinTracker has announced support for Solana transactions, offering users the convenience of tax calculations once their wallets are successfully synced. This partnership is intended to cover as many cryptocurrency transactions as possible, making tax calculations easy for a broad user base.
Calculating cryptocurrency taxes is often seen as extremely complex, especially given the continued evolution of the Solana ecosystem that adds to this complexity. Now, CoinTracker will cover multiple aspects including rental fees, token accounts, DeFi/NFT activities, token staking, and more.
CoinTracker’s Solana support has been improved to ensure that transactions are automatically classified, saving users the trouble of manual operation. This feature covers multiple DApps including Magic Eden, Lifinity, etc.
In addition, this new feature of CoinTracker is supported by Alchemy and Helius, with the former providing technical support and the latter providing high-quality NFT data, making CoinTracker more competitive in the crypto tax software industry.
CoinTracker is also offering a special offer of 10% off the first year of tax planning for new users to celebrate its partnership with Solana.
SOL prices briefly rose as this collaboration was implemented, and although they fell back later, they still grew within 24 hours. CoinTracker sees this partnership as an important step in simplifying tax reporting so users don’t have to worry about tax calculations.
