Thomas Reuters and Ledgible collaborate
18 September 2025 US
Image: William/stock.adobe.com
Thomas Reuters, a global content and technology firm is forming an alliance with Legible, a digital asset tax and accounting platform.
The collaboration incorporates Ledgible’s digital asset tax capabilities with Thomas Reuters’ ONESOURCE tax information reporting (OTR) platform.
The joint solution computerises transaction tracking, cost basis reporting, and regulatory compliance for cryptocurrency deals.
OTIR simplifies the process of filing tax information reporting to the internal revenue service (IRS), the states and localities enabling mass reporting to be managed in an automated manner.
Legible modernises digital asset tax compliance with an API-driven solution that automates digital assets transaction normalisation, cost basis tracking and crypto accounting.
It is established on Thomas Reuters tax infrastructure, and is incorporated onto platforms like Ledgible.
According to the partners it decreases risk, allows crypto brokerage reporting and 1099-DA preparedness and provides reporting with decreased manual effort.
The collaboration targets new IRS needs for crypto brokerage reporting including the new form 1099-DA, which digital asset brokers are required to use from 2025 to lodge cryptocurrency transactions.
Businesses will be able to use Ledgible’s digital asset capabilities and Thomson Reuters’ tax compliance technology to perform tasks such as pulling crypto data from numerous sources, normalising it, calculating cost basis, and tracking tax lots.
Kell Canty, CEO of Ledgible says: "Our mission at Ledgible is to simplify digital asset tax and accounting, and this partnership with Thomson Reuters marks a significant step forward in achieving that goal.
“By combining our specialised expertise in digital asset cost basis and tax reporting with Thomson Reuters industry-leading tax compliance infrastructure, we are providing an unparalleled solution. This will empower businesses to confidently meet the stringent demands of the crypto brokerage reporting regulations and the new Form 1099-DA, ensuring accuracy and reducing compliance burdens for our joint customers."
The collaboration incorporates Ledgible’s digital asset tax capabilities with Thomas Reuters’ ONESOURCE tax information reporting (OTR) platform.
The joint solution computerises transaction tracking, cost basis reporting, and regulatory compliance for cryptocurrency deals.
OTIR simplifies the process of filing tax information reporting to the internal revenue service (IRS), the states and localities enabling mass reporting to be managed in an automated manner.
Legible modernises digital asset tax compliance with an API-driven solution that automates digital assets transaction normalisation, cost basis tracking and crypto accounting.
It is established on Thomas Reuters tax infrastructure, and is incorporated onto platforms like Ledgible.
According to the partners it decreases risk, allows crypto brokerage reporting and 1099-DA preparedness and provides reporting with decreased manual effort.
The collaboration targets new IRS needs for crypto brokerage reporting including the new form 1099-DA, which digital asset brokers are required to use from 2025 to lodge cryptocurrency transactions.
Businesses will be able to use Ledgible’s digital asset capabilities and Thomson Reuters’ tax compliance technology to perform tasks such as pulling crypto data from numerous sources, normalising it, calculating cost basis, and tracking tax lots.
Kell Canty, CEO of Ledgible says: "Our mission at Ledgible is to simplify digital asset tax and accounting, and this partnership with Thomson Reuters marks a significant step forward in achieving that goal.
“By combining our specialised expertise in digital asset cost basis and tax reporting with Thomson Reuters industry-leading tax compliance infrastructure, we are providing an unparalleled solution. This will empower businesses to confidently meet the stringent demands of the crypto brokerage reporting regulations and the new Form 1099-DA, ensuring accuracy and reducing compliance burdens for our joint customers."
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