How to Do Your MEXC Taxes

How To Do Your MEXC Taxes

CoinLedger imports MEXC data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

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MEXC Tax Reporting

You can generate your gains, losses, and income tax reports from your MEXC investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

MEXC exports a complete Transaction History file to all users. Simply navigate to your MEXC 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.

MEXC Tax Reporting

MEXC supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your MEXC 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.

MEXC Tax Reporting

You can generate your gains, losses, and income tax reports from your MEXC 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 MEXC account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your MEXC Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from MEXC 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.

MEXC Tax Reporting

Automatically sync your MEXC account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a MEXC Transaction History CSV file to CoinLedger

MEXC Tax Reporting

Navigate to your MEXC 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.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto 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 MEXC Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of MEXC. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with MEXC's reporting is that it only extends as far as the MEXC platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of MEXC, MEXC 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.

Learn more about how CoinLedger works here.

In this article, we’ll break down how MexC transactions are taxed and how you can generate a complete crypto tax report from your MexC activity in less than 30 minutes!

How to report your MexC taxes

CoinLedger makes it easy to report your taxes from MexC and your other wallets and exchanges.

Simply download a csv file for your MexC transactions, then import the file to your CoinLedger account.

The platform will automatically calculate your gains, losses, and income based on your transactions from MexC!

Once you’re done, you can add your other exchanges and blockchains and generate a comprehensive crypto tax report in minutes!

Get started with a free account today.

How are MexC Transactions Taxed?

Cryptocurrency transactions on MexC, like any other crypto exchange, are subject to taxation. How cryptocurrency is taxed depends on your country of residence. Generally, crypto transactions are subject to capital gains or income tax:

Capital Gains Tax: If you dispose of your cryptocurrency, you’ll incur a capital gain or loss depending on how the price of your crypto has changed since you originally received it.

Income Tax: Earning crypto through mining, staking, or as payment for services is usually considered income and is subject to income tax.

Does MexC send tax documents for users?

At this time, MexC does not send tax documents to users. To get the information you need to file your taxes, you’ll need to download a csv file of your crypto transaction history.

What happens if I don’t report my MexC taxes?

Not reporting your taxable income from cryptocurrency is considered tax evasion — a serious crime with serious consequences.

Tax agencies around the world use ‘data matching’ to crack down on crypto tax fraud. In the past, the IRS has worked with contractors like Chainalysis to analyze publicly available blockchain transactions and crack down on tax fraud.

How do I report my MexC transactions if I can’t access my account?

If you lost access to your MexC account, you are still required to report taxable transactions to the IRS and other tax agencies.

If you don't have a record of your MexC transactions, you should reach out to MexC customer support. If this fails, you can reach out to a crypto tax professional to make a reasonable estimate of your trading history on MexC.

Where is MexC Global located?

MexC Global is headquartered in Victoria, Seychelles. The company was founded in 2018 and serves crypto investors across the globe.

Does MexC Have KYC?

MexC has three levels of KYC (Know Your Customer) verification: Unverified, Primary, and Advanced. It’s possible to make crypto-to-crypto transactions and withdraw up to 2 BTC without submitting any KYC information.