Getting your Binance CSV
Binance provides a single comprehensive export that covers all activity types - spot trades, Earn, Savings, staking, and Launchpool products.
- Log in to binance.com.
- Click the Wallet icon and go to Asset History.
- Click the export icon and select Export Transaction Records.
- Set time range to cover your full trading history, keep timezone as UTC (default), and click Generate.
- Download the CSV when ready.
Upload your complete history including prior years. The calculator needs your earliest purchases to build accurate cost basis queues for FIFO matching.
Binance and US tax obligations
Crypto sold after more than one year qualifies for long-term capital gains rates of 0%, 15%, or 20% depending on your taxable income. Crypto held for one year or less is taxed at ordinary income rates, which range from 10% to 37%.
Every sell, crypto-to-crypto swap, conversion, and purchase made with crypto is a taxable disposal. Staking rewards and Earn interest are taxed as ordinary income at fair market value when received, per IRS Revenue Ruling 2023-14. Buying crypto with USD and transferring between your own wallets are not taxable events.
- Default lot matching: FIFO (First In, First Out) - each disposal is matched to the earliest purchase of that asset. FIFO is the IRS default when no valid specific identification has been made. If you want to use HIFO or LIFO, you must implement it as a specific identification strategy, identifying the particular lot at or before the time of disposal with adequate records. Notice 2025-7 provided transitional relief for 2025; post-2025 specific identification for broker-held assets generally must go through the broker's permitted process.
- Tax forms: Report each disposal on Form 8949, summarize on Schedule D. Staking and Earn income goes on Schedule 1 (line 8z) or Schedule C if it rises to the level of a trade or business.
- Filing deadline: April 15. Extensions available until October 15, but estimated tax is still due by April 15.
- Capital loss limit: Net capital losses are deductible up to $3,000 per year ($1,500 if married filing separately). Excess carries forward indefinitely.
What the report covers
The calculator parses all 75+ Binance operation types - spot trades, Earn subscriptions and redemptions, Savings interest, Launchpool rewards, dust conversions, distributions, and more. Each disposal in your selected tax year gets a cost basis, proceeds, gain or loss, and holding period - separating short-term (one year or less) from long-term (more than one year).
Binance CSVs don't include USD spot prices for most tokens. Our engine automatically enriches every transaction with historical daily prices. The report includes a Form 8949 filing table, income summary, top assets by P&L, end-of-year holdings, and a complete transaction audit trail.
No 1099 from Binance - what that means
- No 1099 forms: Unlike Coinbase, Binance does not issue 1099-DA or any other IRS tax form to most users. There is no gross proceeds document to reconcile - you must calculate and self-report everything on Form 8949.
- DOJ settlement impact: Binance's 2023 DOJ settlement included commitments to share data with US authorities. While Binance still does not issue 1099s, the IRS has increased scrutiny on Binance users. Accurate self-reporting is more important than ever.
- Binance.US vs Binance.com: Binance.com restricted US users in 2019. Binance.US is a separate entity. Both CSV formats are auto-detected by our parser. Historical activity on either platform is still reportable to the IRS.
- Earn and Savings: Flexible Savings interest, Locked Savings rewards, and Launchpool distributions are taxable as ordinary income at fair market value when received. When you later sell those tokens, the gain above the receipt value is a capital gain reported on Form 8949.
- Dust conversions: Converting small token balances to BNB ("Small Assets to BNB") is a taxable disposal of each token. Each conversion is a separate line on Form 8949. These micro-trades are easy to miss manually but our parser catches all of them.
- IRS enforcement focus: The IRS has sent compliance letters to Binance users and included crypto questions on Form 1040. With no 1099 filing from Binance, accurate reporting from your own records is the only way to stay compliant.
Related calculators and guides
Binance calculator: Binance Tax Calculator (all countries)
US calculator: US Crypto Tax Calculator (all exchanges)
Other exchanges in the US:
Coinbase US ·
Kraken US