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Crypto Traders Had Rough Tax Season, Intuit CEO Says

May 24, 2022, 11:29 PM

Intuit Inc. Chief Executive Officer Sasan Goodarzi said his predictions that cryptocurrency investors would be hit with surprise obligations this tax season came true.

Many new retail stock and crypto investors “have piles of documents that include all of their trading,” Goodarzi said in an interview. “Not being able to make heads or tails out of ‘What does this mean to my taxes’ -- so it creates fear, uncertainty and doubt.”

Sasan Goodarzi
Photographer: David Paul Morris/Bloomberg

Intuit, the maker of TurboTax and other consumer finance software, estimated the number of customers filing crypto transactions with their tax returns will more than quadruple this fiscal ...