Crypto tax software provider starting to support DeFi protocols, including Uniswap V2

DeFi • August 27, 2020, 7:15AM EDT
UPDATED: August 27, 2020, 7:16AM EDT
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TokenTax, a crypto tax software provider that helps users file taxes, has added support for Uniswap V2.

The integration means users would have to just connect their Ether (ETH) addresses, and their Uniswap V1 & V2 transactions would automatically be imported into their TokenTax accounts.

TokenTax said it is set to also support two other decentralized finance (DeFi) protocols — Curve Finance and Aave. The news comes at a time when the U.S. Internal Revenue Service has sent a new batch of letters to suspected crypto holders about whether they correctly reported their transactions.

Crypto taxes in general, and DeFi taxes in particular, are said to be complicated as it is not always easy to download transaction histories and tell what a taxable event is and what isn’t. TokenTax rival CoinTracker also supports several DeFi protocols, including Uniswap, but it is not clear whether Uniswap V2 is also integrated within its software.

Uniswap V2 went live in May of this year, with several new features, including ERC20 pairs, more manipulation-resilient price oracles and flash swaps.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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