Ledgible Announces Industry-First Specific Identification Tax Calculation Functionality
Ledgible, a leading provider of digital asset tax, accounting, and data solutions, has announced the release of industry-first functionality for Specific Identification tax calculation. This new feature allows users to easily identify and mark digital assets of noted sales to calculate tax based on designated tax lots, providing a highly optimized tax calculation tailored to individual needs.
Kell Canty, CEO of Ledgible, expressed excitement about the introduction of Specific Identification support, stating, “With the rapidly evolving landscape of digital assets, it’s more important than ever to have access to robust and sophisticated tools. Ledgible remains committed to providing innovative solutions that empower our users to navigate the complexities of digital assets while maximizing their tax situation.”
Eric Ervin, CEO of Onramp Invest, a Securitize Company, highlighted the significance of this new feature in managing tax liabilities in the volatile digital asset market. He emphasized the value of being able to identify specific tax lots for sale, enabling institutions and professionals to maximize tax efficiency for themselves and their clients.
Ledgible’s SpecID support is now available for Production use, solidifying the company’s position as a leading provider of digital asset tax and accounting technology. To learn more about Ledgible and its suite of products, visit Ledgible.io.
Ledgible is a trusted provider of digital asset tax, accounting, and data technology, offering comprehensive tools for individuals and businesses to manage their digital asset portfolios with confidence. Their products are designed to streamline tax compliance, financial reporting, and regulatory compliance for digital asset transactions.
For further information, contact Jan Jahosky at 407-331-4699 or [email protected]
(Source: Ledgible)