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knightrt1
New Member

How to get Binance.us crypto API tax to upload properly?

I have adjusted my cookies setting already and still unable to get Turbo Tax to load my API Tax information from Binance.us
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38 Replies
MichelleLO
Intuit Alumni

How to get Binance.us crypto API tax to upload properly?

This is an issue that we are aware of and working to resolve. Please check back in a few days for any updates. 

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How to get Binance.us crypto API tax to upload properly?

I also for the past few weeks have been unable to get turbotax to accept my tax API key from Binance.US. I have tried deleting and creating new API keys several times and none of them go. I am wondering if there is a limit to the number of trades/transactions that turbotax can accept and upload... I have over 70,000. I don't feel I should have to pay $1000 to places like cointracker or koinly to calculate profit numbers for me to put into turbotax. I have also downloaded my .CSV file directly from binance.us to import to turbotax that way but none of the column titles match up so turbotax won't accept the .CSV file. So frustrating. Help please. Thanks.

JamesG1
Expert Alumni

How to get Binance.us crypto API tax to upload properly?

TurboTax Online is equipped to handle around 10,000 individual transactions (give or take) per brokerage account before the performance starts to deteriorate.  You may want to explore a summary statement instead of individual transactions.

 

See this TurboTax Help for more information.

 

My understanding is that the sample .csv crypto file should be sorted in this order.

 

Sample CSV crypto.csv 

Purchase Date,Date Sold,Proceeds,Cost Basis,Currency Name

2/20/2020,3/15/2021,$485.00 ,$500.00 ,LTC

2/15/2020,4/10/2021,$85.00 ,$80.00 ,BC

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How to get Binance.us crypto API tax to upload properly?

Any updates on this? 

I just tried using the tax API for Binance.US on turbotax and does not seem to work. Just states unable to import with no reason. 

How to get Binance.us crypto API tax to upload properly?

We have more than 10000 transactions so this was the reason we weren't able to import. TurboTax for some reason can only do 10000 or less which doesn't work for us :(

How to get Binance.us crypto API tax to upload properly?

Any updates on Binance? I can’t get information to upload. 

CarissaM
Intuit Alumni

How to get Binance.us crypto API tax to upload properly?

@Anonymous Gives some great information on this here

 

If you need additional assistance, please comment and let us know. 

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How to get Binance.us crypto API tax to upload properly?

I'm having the same issue. TurboTax won't accept the Binance.US API key--I get an error every time I try. I also can't upload the CSV transaction file from Binance.US. TurboTax tells me to rename fields in the CSV, but the Binance CSV file does not have corresponding columns. Buy/Sell is a single column in the Binance file, whereas TurboTax requires separate columns for the Buy and Sell dates. 

CarissaM
Intuit Alumni

How to get Binance.us crypto API tax to upload properly?

If you are still unable to upload the information into Turbo Tax, please follow the instructions here to contact us by phone. @bwb33

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How to get Binance.us crypto API tax to upload properly?

 

"Binance.US Crypto Gain/Loss import is temporarily unavailable. However, you have three options: Try import again: Wait until April 6, when Binance.US Crypto Gain/Loss import is expected to be available again Enter the information manually"

 

Is this true? April 6 it will be fixed?

How to get Binance.us crypto API tax to upload properly?

Well, it's April 6 now and after setting up the API twice today,  TurboTax still refuses to import from Binance.US

How to get Binance.us crypto API tax to upload properly?

Go and connect your Binance US account to contracker.io and then connect turbo tax with cointracker.io to pull Binance details.

How to get Binance.us crypto API tax to upload properly?

That's great for some maybe, but I'm not paying $899.00 to Cointracker to do so. This is not a feasible option for me.

How to get Binance.us crypto API tax to upload properly?

Has anything changed? Are you able to accept more than 10000 transactions yet?

 

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