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Huobi taxes guide

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Huobi Tax Statements & Reports

Last updated: Thursday, 24 March 2022

Get all the answers to your questions about Huobi taxes and reporting, including transaction statements, Huobi profit and loss calculations, trade exports and more.

How to prepare Huobi taxes

Need to prep your Huobi taxes in time for the tax deadline? No worries.

Wherever you live, your tax authority will want to know about your Huobi transaction history - including your income, profits and losses - so they can tax it accordingly. Huobi doesn't have a dedicated tax report, but you can use the Huobi tax API or export your Huobi transaction history to get your Huobi taxes done in no time.

How to download & export Huobi trading & transaction history

Download your Huobi trading and transaction history in your Huobi account. There's a couple of ways to do this - so we'll cover both.

  1. Use the Huobi tax report API with crypto tax software. Using the Huobi tax reporting API alongside crypto tax software lets you import your Huobi transaction history automatically to your chosen crypto tax app. See full instructions on how to integrate Huobi & Koinly.
  2. Export Huobi transaction history in a CSV file. If you're doing your taxes manually (or just don't like APIs) don't worry, you can download a CSV file of your complete Huobi transaction history from your Huobi account.

Here's how to get your Huobi trade history export.

Log in to your Huobi account and select orders in the top right corner. Select exchange and margin orders then order history. Pick your date range (this is a maximum of 4 months), then hit the export icon. You may need to download multiple files to cover your Huobi transaction history.

Your Huobi CSV file export won't include your deposit and withdrawal history and you can't export this at all. You'll need to either manually add this to a spreadsheet or manually add it to your crypto tax app. You can find full records of this under balances -> exchange account (deposit and withdrawal) history.

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Does Huobi provide a tax report?

No, Huobi doesn't provide a specific Huobi tax report for all users. But as one of the biggest crypto exchanges going, Huobi has teamed up with some awesome crypto tax apps so you can use your Huobi transaction history report to generate a tax report for Huobi.

The easiest way to do this is using the Huobi tax report API. The API will fetch your Huobi transaction data automatically and import it across to your chosen tax app. You don't need to fret about another app having access to your Huobi account - the Huobi tax report API is read only.

If you'd rather do things manually, you can download the CSV file of your Huobi trading history by following the steps above. You can then use this CSV file to manually calculate your crypto taxes or upload it to your chosen crypto tax software to let it generate your Huobi tax report for you.

Does Huobi supply a financial statement?

Yes. You need your Huobi transaction history - this functions as an account statement. It has your complete Huobi trading history and you can use it to generate a Huobi tax statement.

Use the steps above to learn how to get a tax statement from Huobi. Remember - you need to include all the financial years you've been trading on Huobi, not just the current financial year so you might need multiple files. This is so you can calculate your short-term and long-term gains accurately.

Once you've got your Huobi account statement - calculate your crypto taxes yourself or upload your Huobi financial statement to a crypto tax app to fetch a Huobi tax statement in a snap.

How to generate a Huobi tax form

There's two ways to generate a Huobi tax form - manually or through a crypto tax app.

If you're doing your crypto taxes manually - your tax office needs to know about all your taxable transactions on Huobi. So any time you've made a capital gain or loss by selling, trading, spending or gifting crypto (in most countries). You'll also need to include any income you've made from crypto - like through staking, mining, airdrops and more. Take all this information and tally up your net capital gains and losses and include it in your annual tax return. For those with a lot of trades on Huobi, this is a lot of work - which is why we recommend using crypto tax software.

Crypto tax software does all of the above for you and generates your Huobi tax forms. Just use the Huobi tax API or your Huobi transaction history export and upload it to your chosen tax app, which will then generate a custom Huobi tax form for you, based on where you live and your tax office.

Huobi CSV exports

Need to get your Huobi CSV export? No worries.

Log in to your Huobi account and select orders in the top right corner. Select exchange and margin orders then order history. Pick your date range (this is a maximum of 4 months), then hit the export icon. You may need to download multiple CSV files to cover your Huobi transaction history.

Your Huobi CSV file export won't include your deposit and withdrawal history and you can't export this at all. You'll need to either manually add this to a spreadsheet or manually add it to your crypto tax app. You can find full records of this under balances -> exchange account (deposit and withdrawal) history.

Huobi tax API

If you're using crypto tax software - it's much easier to use the Huobi tax API. Log in to your Huobi account and select your profile icon, then API management. You only need read-only for your API key permission settings. Create your Huobi tax report API key and then copy and paste the API key and API secret key into your chosen crypto tax app.

Does Huobi provide an end of year statement?

No, Huobi doesn't provide users with a Huobi EOFY statement automatically. But you can use combine multiple Huobi CSV files to create your own Huobi end of year statement if you want. Just follow the instructions above and generate 3 CSV files to cover your entire financial year - for example, 1st of January 2021 to the 31st of December 2021.

Does Huobi require KYC?

No, Huobi Global does not have mandatory KYC. However, like many crypto exchanges - they impose a deposit and withdrawal limit for unverified users.

Does Huobi report to the IRS?

In short, yes.

Huobi haven't outrighted stated they're sharing KYC information with the IRS, but given they're one of the largest crypto exchanges, it is very likely they have faced the same pressure other crypto exchanges have from the IRS.

The best way to remain tax compliant with the IRS is to report your crypto taxes accurately.

Does Huobi report to tax authorities?

So we know Huobi probably reports to the IRS, but does Huobi report to other tax authorities like HMRC, the ATO and the CRA?

In short? Almost definitely.

While no other tax offices have confirmed they have requested data from Huobi - as one of the largest crypto exchanges worldwide, it is highly likely that other tax offices are putting the pressure on Huobi to share KYC information to ensure tax compliance.

Koinly is a Huobi tax calculator & reporting tool

If you’ve been wondering is a Huobi tax calculator tool, the answer is, yes! Not only can Koinly import Huobi transaction history, but Koinly can also calculate your Huobi taxes in a format that makes sense for your country’s tax office. As a Huobi tax calculator, Koinly is able to do a bunch of impressive tasks that save you time and can even save you from paying too much taxes.

  • Koinly will import all your Huobi trades including purchases, sales, swaps, income and more!
  • Koinly will then convert your Huobi transactions into your country’s currency, at fair market value. This in itself is a massive time saver.
  • Finally, Koinly works out which of your Huobi trades are taxable, and which are not - calculating your Huobi gains/losses, crypto income and more. All of this is really important for being able to submit an accurate Huobi tax return to your tax office.

Get your crypto tax report today!

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