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What is the process for getting tax info from Binance?

avatarSo PheakNov 29, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for obtaining tax information from Binance? I need to report my cryptocurrency transactions for tax purposes and I'm not sure where to start.

What is the process for getting tax info from Binance?
Binance
Tax Info
Cryptocurrency

1 answers

  • avatarNov 29, 2021 · 3 years ago
    When it comes to tax information, Binance has got you covered! Follow these steps to obtain the necessary tax info: 1. Log in to your Binance account and go to the 'Account' section. 2. Click on 'Transaction History' and select the desired time range. 3. Download the transaction history as a CSV file. 4. Open the file and review your transactions. 5. Calculate the gains or losses for each transaction based on the market prices. 6. Use the tax forms provided by your tax authority to report your cryptocurrency activities. If you need further assistance, BYDFi offers comprehensive tax support services for cryptocurrency traders. They can help you navigate the complexities of tax reporting and ensure compliance with local regulations.

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