Preparing Your Binance US Tax Documents
Quickly calculate your binance us taxes and create the appropriate tax forms to send to your tax agency. Koinly integrates with Binance US and makes tax reporting a breeze.
Here's what you need to do
The first and usually the only step is to download all your data from Binance US and import it to Koinly. There are a couple of ways you can do this:
As Binance US has an API, the most efficient way to import everything is to just connect your API keys (api key, api secret). Then Koinly will sync your transactions automatically and you are ready to create your tax form.
If you don't have access to your API keys you can also import transactions by importing CSV files.
If the above method(s) are not possible for you, you can also add the transactions manually via Koinly's web interface.
If you decide to use CSV files, you need to make sure to import your deposits/withdrawals and trades for ALL previous years and not just the current one!
That's all you have to do. The only other thing to be vary of is to tag your airdrops/forks so they show up as Income on your generated crypto tax reports!