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Showing results for tags 'cryptocurrency taxes'.
So far it appears Turbo Tax will first want me to connect Binance.us to Coinledger ($100+ and 4,000 trans limit) and then also to Turbo Tax ($100) just to get the info calculated and reported correctly. Not sure if Tax Act will connect directly with Binance.us and calculate the capital gains correctly yet. If I were you, to avoid this major end of year tax headache, avoid trading until they start sending out consolidated 1099 reports like Robinhood and M1 Finance do. Robinhood really simplifies this trade reporting headache for the average dude.