Simplify Huobi tax reporting with Koinly. Integrate via API or CSV to easily calculate the tax liability of your Huobi transactions, trading and history. Get started for FREE!
You might be wondering, does Huobi provide CSV tax and trade history reports? Is it even possible to get tax info and statements from Huobi? What about a Huobi tax API? The good news is, while Huobi might not provide tax forms and documents, Huobi does offer two easy ways to export transaction and trade history!
Huobi pairs with Koinly through API or CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate Huobi tax tool. How? Koinly will calculate your Huobi taxes based on your location AND generate your EOFY tax report, all within 20 minutes! All you’ll need to do at tax time is download your Huobi tax statement from Koinly and file it with your local tax authority. Done!
Good to know
Trades older than 4 months cannot be imported with Huobi API. If you have trades older than this, use the CSV file method below instead.
Good to know
Huobi only lets you export 4 months worth of transaction data at a time. If you have more transaction data, you'll need to export these in four month time frames and upload each to Koinly.
The lack of export capability on Huobi is bearable for those who don't trade regularly. However, for investors with old Huobi accounts or investors with hundreds of transactions, manually adding all this information is tedious to say the least! Thankfully, there is a way to get around this.
On the same page you find your deposit and withdrawal transactions, there should be some text that reads, "If you want to view more data, click here to file an application."
This link will take you to a page where you can request that Huobi create a CSV file of your complete transaction data. All you need to do is fill out the form letting Huobi know why you want the data, what data you'd like included and what date range to include. You'll also need to verify your account with ID to make this request.
Huobi state they respond to these data requests within 5 business days.
Koinly is smart, but if there are problems with the data you import, our crypto tax software can't generate an accurate Huobi tax report for you. This is why we recommend you always check through your Huobi transaction history once you've imported your data. This lets you identify and resolve any issues, so Koinly can create an accurate crypto tax report. We recommend the following simple steps to check your tax report.
All wallets, exchanges and blockchains
Make sure you sync all the wallets and exchanges you use. If you miss this step, Koinly can't identify when you're moving funds between your own wallets, which is tax free. Instead, it'll identify these as deposits or withdrawals, which are subject to tax.
Look out for big numbers
Once all your wallets are connected, go to the transactions page. You can filter the type of transaction by withdrawals and deposits. Use this to spot any withdrawals or deposits you think are transfers between wallets. You can fix these manually.
Review the labels of your transactions
Use the wallet filter option on the transaction to bring up your Huobi trades specifically. Then take a little time to review your transaction labels. As Huobi's CSV export function is so limited, you may notice issues with the way your transactions are labelled. Don't worry, you can label your transactions in the Koinly interface.
Withdrawal Tags (sending funds):
Any time you send coins, Koinly treats this as an asset disposal as standard, making withdrawals subject to Capital Gains Tax. However, some disposals are tax free, depending on your location. Use withdrawal labels to tag these.
Deposit Tags (receiving funds):
Any time you receive coins, Koinly treats this as a purchase at market price or investment. However, there are times when you receive new coins when this would be considered income and therefore subject to Income Tax instead. You can use deposit tags to label these.
Exchange Tags (trading funds):
Any time you trade crypto for crypto, buy crypto with fiat or sell crypto for fiat, this is an exchange. Koinly identifies these trades based on your imported data and calculates taxes accordingly. There is only one tag you could need for an exchange transaction.
If you'd like further advice, our Getting Started Guide is a great resource that can help you learn how to use Koinly, as well as learn how to resolve common issues.
Koinly has a help section, filled with common queries from our users and great answers from our customer support team. Some of our most common Huobi queries include:
If you can't find the answers in our help section, try our Koinly community, where our users discuss everything crypto. Alternatively, you can get in touch with our customer support team for more advice.