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.
There’s two ways you can file your Binance.US taxes: manually or automatically.
You can download your csv files from Binance.US and calculate your gains and losses yourself. However, this takes time and effort — and it’s possible that a calculation error can lead you to overpay your taxes.
Alternatively, you can handle the process automatically. The easiest way to report your Binance.US taxes is to use crypto tax software like CoinLedger.
In your Binance.US account, go to the Wallet Balances page.
Click the Export Reports button at the top of the page.
On the next page, select Generate Reports.
Generate and download your statement file for each year of trading. Be sure to select All Assets and Transaction Types.
Once you’ve received your csv file, you can import it into the CoinLedger app. Select Binance.US in the Import section, then drag and drop your csv file.
Once you’re done, you can import transactions from other wallets and exchanges and generate a complete crypto tax report. You can send your tax forms to your accountant or import it into platforms like TurboTax or TaxAct.
How are transactions on Binance.US taxed?
In the United States, cryptocurrency is taxable. You may pay capital gains tax and/or ordinary income tax.
Capital gains tax: When you sell, trade away, or otherwise dispose of cryptocurrency, you’ll incur a capital gain or loss depending on how the price of your crypto has changed since you originally received it.
Ordinary income tax: When you earn crypto through means such as staking or referrals, you’ll recognize income subject to ordinary income tax.
Does Binance.US report to the IRS?
Currently, Binance.US issues Form 1099-MISC to customers who’ve earned more than $600 of income on the platform. An identical copy of the 1099 form is filed with the IRS.
Starting in 2026, Binance.US and other exchanges that operate in the United States will be required to issue Form 1099-DA — a form designed to report all capital gains and losses from digital assets.
Try CoinLedger today
Looking for an easy way to file your crypto taxes? Try CoinLedger — the highest-rated crypto tax software on the market.
More than 700,000 investors around the world use CoinLedger to generate complete crypto tax forms in minutes.
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