Binance.US - Import is not working nor providing option to connect to exchange to import directly

[jparker1112]

Check out some screenshots in this thread. Binance.US is definitely listed in the dropdown that TT provides. Being a data exchange partner and being a 1099-B partner seem like two different things. The issue here is TT is presenting the option to upload CSV but not correctly processing it.. Whether or not they can generate a 1099-B is a different matter.

[brettj]

It looks like TT has now realized there is an issue here...

[jencaron]

I was experiencing the same issue but as of this morning March 4th, I re-generated my tax report on Binance.US and the CVS uploaded to TT successfully. However, it's asking me to review and says that my cost basis are wrong and I can't figure out what to change since all my transactions are matching. I didn't buy or sell this past year, only received staking rewards and converted.

[brettj]

I think my cost basis is wrong for my transactions, too. It's reporting all my sales as capital losses with the amount of loss being the total amount of the sale. 

[JamesG1]

You are only reporting staking rewards?  Is this the screen that you are seeing after downloading from Binance.US?

Are you seeing an entry in the box Cost or other basis?  Are you receiving a message that the cost basis is incorrect or unreadable?  What does the message say?

Is the income being reported under Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)?  Or somewhere else?

Please clarify.

@jencaron 

[jencaron]

Since the amount is below $600 I was not provided with a 1099. The issue was my small balances conversions to BNB coins. Basically it showed I sold BNB and bought the other coins, however I think it should have been the opposite since I converted the coins to BNB. My csv file shows converted as transaction but TT shows buy/sell. Since the small balances are pretty much pennies or a few dollars worth, I ended up ignoring them for now. The staking rewards don't give errors.

[feralblue19]

Same problem except after I upload the csv file it says "processing" until it times out...

[HeatherPLO]

If you are using the Online version, try this: 

Please try the following steps which may help clear the loop you are experiencing:

• Log completely out of Turbo Tax.
• Then, clear your cache and cookies within your browser and completely close out of it.  I have included the Help Articles below if you need assistance with clearing cache or cookies.
• Re-open the browser and log back into Turbo Tax and see if this fixes the situation.
  • You can also try a different browser as well, or "incognito mode".

Clear Cache

Delete Cookies

If you are using the Download/Desktop version, you will need to make sure you have updated your software.  To manually update for Windows, please see the Help Article here.  For Mac, please see this Help Article.  

In addition, please see our Help Article which provides troubleshooting steps for importing your 1099.

@feralblue19 

[feralblue19]

Hey all! update on my situation at least. was using firefox and kept getting stuck at the processing wheel when trying to upload the csv file. used the Edge browser for the first time and it worked no problem. something to try...

[MoniqueLO_]

Thank you for the update! We are glad you got it to work.

@feralblue19 

[srk71]

This thing worked for me.

For all the values which have more than 2 decimals, shorten them to 2 decimals in the csv file with round up wherever applicable. It then got imported fine.

[elliot_koch]

Same exact situation for me. I have not clue how to go thru all those transactions and convert to the other format TurboTax Premier Desktop wants  Its unclear from this jumbled thread if the online version can use the API. Binance-us will not offer me a 1099-B form either.  Totally stuck here

[JamesG1]

TurboTax Online Premium may be able to download Binance.US by API.

Follow these steps:

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Scroll down to Investments and Savings and click the down arrow to the right.
• Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• Click Add investments.
• At the screen Let's import your tax info, enter 'binance.us'.

In addition, if Binance.US does not offer a 1099-B, does Binance.US offer a Gain/Loss Statement?

@elliot_koch