How to get a Binance tax statement? (Financial reporting)

Accessing Your Binance Account Dashboard

1. Log in to your Binance account using verified credentials and two-factor authentication.

2. Navigate to the top-right corner and click on your profile icon to open the dropdown menu.

3. Select “Wallet” and then choose “Spot Wallet” or “Futures Wallet”, depending on the transaction type you need to report.

4. Ensure all wallets are synchronized and that no pending withdrawals or deposits remain unconfirmed before generating reports.

5. Confirm your account KYC level is at least Level 2, as certain reporting features require full identity verification.

Locating the Tax Reporting Section

1. Go to the “Reports” tab located in the main navigation bar under the “More” dropdown.

2. Click on “Tax Reporting” — this option appears only for users in supported jurisdictions including the United States, Germany, Singapore, and Australia.

3. If the Tax Reporting tab is missing, check whether your region is enabled by reviewing Binance’s official tax support page or contacting regional compliance support.

4. Select your preferred tax year from the calendar dropdown; available years depend on your account creation date and local regulatory requirements.

5. Toggle between “Summary View” and “Detailed Transaction Log” to inspect raw data before export.

Generating and Exporting the Statement

1. Click “Generate Report” after selecting the relevant time frame and wallet types.

2. Wait for the system to compile transactions — processing may take up to 90 seconds for accounts with over 10,000 trades.

3. Choose file format: CSV is recommended for integration with TurboTax, CoinTracker, or Koinly; PDF is suitable for direct submission to tax authorities.

4. Review the “Cost Basis Method” applied — Binance defaults to FIFO unless manually changed in Tax Settings prior to generation.

5. Download the file and store it in an encrypted location; Binance does not retain generated reports beyond 30 days on their servers.

Validating Data Accuracy

1. Cross-check deposit timestamps against blockchain confirmations using explorers like Etherscan or BSCScan.

2. Verify that staking rewards, airdrops, and referral bonuses are categorized correctly as taxable income rather than capital gains.

3. Identify any missing off-platform transfers by comparing on-chain wallet balances with Binance inbound records.

4. Confirm fee deductions are itemized per trade — Binance includes maker/taker fees but excludes network gas paid outside its ecosystem.

5. Flag discrepancies such as duplicate entries, zero-value swaps, or mismatched fiat conversions for manual reconciliation.

Frequently Asked Questions

Q: Does Binance provide IRS Form 1099-B? A: Binance.US issues Form 1099-B to eligible U.S. taxpayers who meet volume and profit thresholds; international Binance platforms do not issue IRS forms.

Q: Can I generate a tax statement for a partial fiscal year? A: Yes — the Tax Reporting tool allows custom date ranges spanning any consecutive period, not limited to calendar years.

Q: Are P2P transactions included in the auto-generated tax statement? A: No — P2P trades are excluded by default since they occur off the centralized order book and require manual import via CSV upload.

Q: What happens if I delete a trade history entry manually? A: Deleting entries from the interface has no effect on the tax report; Binance pulls immutable ledger data directly from internal transaction logs.