Ledgible Launches Specific Identification (SpecID) Feature for Digital Asset Tax Reporting

Ledgible, a leading provider of digital asset tax, accounting and data solutions, is pleased to announce the availability of an industry-first feature for specific ID tax calculation. This sophisticated tax optimization functionality marks a significant advancement in Ledgible's commitment to providing institutional tax capabilities for digital asset transactions.

Ledgible's specific identification support allows users to easily identify and tag digital assets from graded sales to calculate tax based on designated tax lots. Thanks to specific identification, Ledgible users can significantly optimize tax calculations tailored to their specific needs.

“We are excited to introduce support for SpecID to our platform, further enhancing our users’ ability to optimize their digital asset transactions,” said Kell Canty, CEO of Ledgible. “With the digital asset landscape rapidly evolving, it is more important than ever to have access to robust and sophisticated tools. Ledgible remains committed to providing innovative solutions that allow our users to navigate the complexities of digital assets while maximizing their tax situation, including loss harvesting and other unique scenarios.

“The volatility of digital assets makes tax management even more effective in harvesting losses and generating “Tax Alpha.” Being able to identify specific tax lots for sale is an invaluable feature that will help institutions and professionals maximize their own and their clients' tax efficiency. Now that Ledgible has released SpecID for digital assets, this will allow customers of our platform and everyone who uses digital assets to have more control over their tax obligations. – Eric Ervin, CEO of Onramp Invest, a securitization company.

Ledgible's SpecID support is now generally available for production use, strengthening Ledgible's position as a leading provider of digital asset tax and accounting technology. To learn more about Ledgible and its innovative suite of products, visit Ledgible.io.

About Ledgible

Ledgible is a leading provider of tax, accounting and digital asset data technology, offering comprehensive tools that enable individuals and businesses to manage their digital asset portfolios with confidence. The Ledgible suite of products is designed to streamline tax compliance, financial reporting, and regulatory compliance for digital asset transactions. For more information, visit Ledgible.io.