Sasan Goodarzi, Intuit’s Chief Executive Officer, stated that his prediction that crypto investors would be subject to unexpected obligations this tax season was true, Bloomberg reported.
Goodarzi stated that many crypto investors have “piles of documents that include all their trading,” and spoke to Bloomberg earlier this week. It creates fear, uncertainty, and doubt by not being able to interpret “What does this mean for my taxes?”
According to the report, Intuit, which makes TurboTax software and other consumer finance software, expects that crypto transactions will quadruple in fiscal year 2018. Goodarzi stated that the company will educate customers about tax implications of investing.