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How to get your Binance US tax forms

Blockstats TeamDec 29, 2025
How to get your Binance US tax forms

Tax season is here, and now you’re trying to figure out how to get your Binance US tax forms and calculate your crypto taxes correctly. If you traded occasionally or actively traded throughout the year, you’ll need to file taxes on your Binance.US transactions to stay compliant. The easiest way to do this is using tax tools. Blockstats helps calculate your Binance taxes and generate Binance US tax forms.

Quick summary:

Exchange/Platform

Binance US

Supported Method

API Keys

Estimated time

5-10 min

Get Started

Start integrating with Blockstats

This detailed guide covers how to manage your Binance US taxes, covering everything you need to smoothly integrate your data with Blockstats for precise capital gains and income reporting.

Read next: How to calculate your crypto tax in the U.S.

How to connect Binance US and Blockstats: Step-by-Step guide

Follow the step-by-step guide to import and sync your Binance US data automatically with API keys:

Using the API connection is the most efficient and error-free method to sync real-time transaction history from Binance US into Blockstats.

On Binance US: Generate API key

  1. Log in to your Binance US account.

  2. Click on your email address in the top right corner.

  3. Select export reports from the drop-down menu.

  4. Under the tax API, select generate tax API to generate read-only API keys.

  5. Complete your 2FA authentication.

  6. Now, open the email ID and check the new email from Binance US to confirm API key creation.

  7. Copy your API key and secret key to add to Blockstats.

On Blockstat: Connect Binance US to Blockstats

    1. Log in or sign up for Blockstats

    2. Go to the Wallets page on the top menu and then click on the Add Wallet / Exchanges button.

    3. Search for and select the Binance US exchange.

    4. Input the API Key and API Secret you generated from your Binance US exchange.

    5. Click on the Connect button to link your Binance US account with Blockstats

    Review your transactions in Blockstats

    After successfully connecting your Binance US account to Blockstats, take a moment to review your imported transactions. Here are a few tips on what to check:

    • Transaction completeness: Verify that all your trades, deposits, and withdrawals appear in Blockstats. Missing transactions can lead to inaccurate Binance US tax calculations.

    • Staking rewards and income: Check that all staking rewards, referral bonuses, and other income-generating activities are correctly imported and categorized.

    • Transaction dates and amounts: Ensure the dates and amounts match your Binance US records. Any discrepancies should be corrected before generating your cryptocurrency tax reports.

    • Cost basis accuracy: Review the cost basis calculations for your assets, especially if you transferred crypto into Binance US from other wallets or exchanges.

    Regularly reviewing your data ensures your tax reports are accurate and compliant with IRS requirements.

    How are transactions on Binance.US taxed?

    Crypto transactions on Binance US fall into two main categories for taxation: Capital Gains Tax and Income Tax.

    Capital Gains Tax: This applies when you profit from disposing of crypto through selling, swapping, spending, or, in some cases, gifting. It also generally applies to realized profits from margin and futures investments. Short-term gains (assets held under a year) are taxed at higher rates than long-term gains.

    Income Tax: This applies when you acquire new coins, such as staking rewards, referral bonuses, or other promotional rewards on Binance US. These earnings are taxable as ordinary income and should be reported on your tax return.

    Does Binance report to the IRS?

    Yes, Binance US reports user activity to the IRS. Tax agencies are cooperating with exchanges to access KYC data and verify reported crypto income. For users earning over $600 on Binance US, the platform issues Form 1099-MISC, which includes user details, income information, and the amount earned from staking, referrals, or similar programs.

    Starting in the 2025 tax year, Binance US will also begin sending Form 1099-DA, which reports gross proceeds from digital asset sales and exchanges.

    Does Binance US have tax forms?

    Binance.US does provide certain tax forms, but availability depends on eligibility, transaction type, and IRS thresholds. 

    Does Binance US send tax forms?

    Binance US issues Form 1099-MISC to users who earn $600 or more from staking or referral rewards during the tax year. This form will appear in your account in January or before February of the following year.

    How to get tax form from Binance US

    If you’re eligible, Binance US will notify you by email when your tax form is available. You can access it by logging into your account and navigating to the tax or reports section.

    Connect your Binance US to Blockstats automatically to import your Binance US transaction history. Once connected, you can generate your Binance US tax forms.

    How to get your Binance.US tax documents

    You can also download your complete transaction history from Binance.US and use a crypto tax calculator like Blockstats to generate accurate tax reports, even if no 1099 form is issued.

    Read next: Crypto Tax Forms: File Form 8949 & Schedule D (2025 Guide)

    Does Binance US provide financial or end of year statements?

    No, Binance US does not provide financial or end of year statements. However, you can download a CSV file of Binance US transaction history and use this as an end of year statement.

    When does Binance.US issue a tax Form?

    Binance US tax forms are typically issued in January of each year for the previous tax year. This means you can expect to receive your Binance tax forms in January of the following year. However, the timing and type of tax forms issued by Binance.US depend on IRS requirements and user eligibility.

    When does Binance.US issue Form 1099-MISC?

    Form 1099-MISC is made available to eligible users in January or before February of each year. This form reports rewards and fees income from Staking Rewards, Referral Programs, and other such programs if a customer has earned $600 or more in a tax year.

    However, for transactions that occur on or after January 1, 2025, taxpayers can expect to receive Form 1099-DA. The $600 threshold will not apply to Form 1099-DA reporting.

    When does Binance.US issue Form 1099-B?

    Binance US does not currently issue a 1099-B, which covers the sale of securities. However, this may change due to evolving IRS regulations.

    When does Binance.US issue Form 1099-DA?

    Starting with the 2025 tax year (forms sent in early 2026), 1099-DA will report gross proceeds from covered digital asset sales and exchanges. For 2025, it will not include cost basis, so you must rely on your own records to compute gains. Starting with the 2026 tax year (forms sent in early 2027), 1099-DA is scheduled to include both cost basis and gross proceeds for covered transactions.

    When does Binance.US issue Form 1099-K?

    No, Binance US does not currently issue Form 1099-K to users or the IRS. In 2021, Binance US stopped issuing Form 1099-K to taxpayers.

    How to do your Binance US taxes?

    Yes. If you sold, traded, spent crypto, or received crypto income on Binance.US, you have tax obligations depending on your local tax laws.

    The key to filing accurately is gathering a complete record of your transaction history and calculating the correct cost basis for every asset sold, traded, or spent.

    Due to the volume and complexity of crypto transactions, most users find that the Blockstats crypto tax calculator is the most reliable way to calculate their final tax liability.

    Ready to simplify your tax calculation? 

    Start calculating your Binance US taxes for free with Blockstats today!

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    Need help?

    Having trouble connecting your Binance US taxes?

    Frequently asked questions

    Do I have to pay taxes on Binance US?

    Yes, you have tax obligations if you engaged in crypto activities on Binance US, such as selling for profit, trading, or receiving income. Failure to comply can result in fines or penalties.

    Does Binance US automatically deduct taxes?

    No, Binance US does not automatically deduct taxes. You must track your gains, losses, and income. Crypto tax calculators like Blockstats simplify this process significantly.

    How do I download my transaction history from Binance.US?

    Log in to your Binance US account, go to Orders, click your account info, select Export Reports, choose the year, and generate your report under the tax reports section.

    Why is Binance banned in the US?

    Binance.com (international) has been banned in the US since 2019 due to regulatory non-compliance issues. However, Binance US operates as a separate, compliant entity specifically for US customers.

    Where do I get Binance US 1099 tax form?

    To get your Binance US tax form 1099, log in to your Binance US account, navigate to Profile, then Tax Statements, and download your 1099-MISC form if eligible. 

    How to get your Binance US tax forms | Blockstats