CoinLedger imports Binance US data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.
on this page
Binance US Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance US investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Binance US exports a complete Transaction History file to all users. Simply navigate to your Binance US account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance US Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance US investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Binance US supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Binance US account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance US Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance US investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
Automatically sync your Binance US account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Binance US Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Binance US and import it into CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance US Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance US investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
Automatically sync your Binance US account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Binance US Transaction History CSV file to CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
Binance US Tax Reporting
You can generate your gains, losses, and income tax reports from your Binance US investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below:
Navigate to your Binance US account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
How Cryptocurrency Taxes Work
Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.
Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.
To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).
Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.
Why Can't Binance US Generate My Tax Forms?
Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Binance US. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Binance US's reporting is that it only extends as far as the Binance US platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Binance US, Binance US can't provide complete gains, losses, and income tax information.
How Does Cryptocurrency Tax Software Help?
By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.
You can test out the software and generate a preview of your gains and losses completely for free by creating an account.
Whether you file by hand or use crypto tax software, doing your Binance.US taxes comes down to four steps:
Gather your full Binance.US transaction history: every buy, sell, trade, deposit, and withdrawal.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that comes in as income (like staking or referral rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.
For most people the hard part of doing your Binance.US taxes is steps 1 and 2. If you have ever moved crypto between Binance.US and another wallet or exchange, Binance.US can only see part of your history, so the totals it shows you can be incomplete.
That is where crypto tax software comes in. CoinLedger connects Binance.US to every other wallet and exchange you have used, reconstructs your full history, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.
Do you have to pay taxes on Binance.US?
Yes. In the US and most other countries, your Binance.US activity is subject to two kinds of tax:
Capital gains tax. When you dispose of cryptocurrency (selling it, trading one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through staking or referral rewards), you recognize ordinary income equal to its fair market value at the time you received it.
Form 1099-DA for your crypto sales and disposals. 2025 is the first year it issues this form, and it reports your gross proceeds (the total you sold for), not your gain or loss, with no minimum threshold. Cost basis reporting begins for assets acquired on or after January 1, 2026.
Form 1099-MISC if you earned $600 or more in staking, referral, or other rewards. (This threshold rises to $2,000 for the 2026 tax year.)
Binance.US sends copies of these forms to the IRS. Note that Binance.US is the US exchange, a separate company from the global Binance.com, which does not serve US customers. Remember that a 1099 only reflects your Binance.US activity, so it is a starting point, not a complete tax report (see below).
Does Binance.US report to the IRS?
Yes. Binance.US reports to the IRS through the 1099 forms above, filing an identical copy of each with the IRS.
Remember, you owe tax on your Binance.US gains and income whether or not you receive a form. A missing 1099 does not remove the obligation to report.
Why isn't my Binance.US tax report accurate?
Binance.US can only see the activity that happens on Binance.US. Because investors regularly transfer crypto between wallets and exchanges, Binance.US cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly, and your 1099-DA can be overstated.
Example: why transfers break your cost basis
Maria buys $2,000 of BTC on another exchange. She transfers it to Binance.US, then later sells it for $2,500 on Binance.US.
Binance.US only sees the $2,500 sale, not the $2,000 Maria originally paid. Without her cost basis, Binance.US cannot tell whether she had a gain or a loss.
The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.
How to file your Binance.US taxes in minutes
With CoinLedger, you can import your complete Binance.US history and generate your crypto tax forms in a few minutes. There are two ways to connect: an automatic import, or a file upload.
Option 1: Automatic import (API)
In Binance.US, click your profile icon and go to API Management. Create a key, complete 2FA, and set the permission to Enable Read only.
Copy your API Key and Secret.
In CoinLedger, go to Add Account, choose the Binance.US tab, click Auto-Import, paste both, and click Sync Transactions.
The API cannot import fiat purchases you made by debit card, credit card, or ACH. Use the file upload to capture those.
Option 2: File upload (CSV)
In Binance.US, go to the Wallet Balances page (or the Tax Center) and click Export Reports, then Generate Reports.
Select All Assets and all Transaction Types, and generate a report for each year of trading. Download the CSV.
In CoinLedger, go to Add Account, choose the Binance.US tab, and click Upload File. Do not open or edit the file first.
Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.
Get started with CoinLedger today
Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.
.png)
