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Get your taxes done using TurboTax
The solution is with TaxBit and it was free!
- Make a TaxBit account
- Connect to Binance.US using the Binance API key, wait 20-30 minutes for the data to register
- On TaxBit go to Taxes then you can download your tax documents & data
- From the CSV it was intuitive to change the column names to fit the TurboTax required column names: Currency Name, Purchase Date, Cost Basis, Date Sold, Proceeds
- Add it all on turbotax:
- Go to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
- Click Add More Sales
- Cryptocurrency
- Click past 'get ready to be impressed' screen (I am not impressed, for the record)
- Click Try Another Way
- Upload it from my computer (if it fails here, you probably need to rename the headers/columns)
Credit to Nadz2008 for the answer! Upvote if this worked for you too.
‎April 18, 2022
2:21 PM