Tax is one of the last things most crypto traders think about, but it shouldn’t be. With that in mind, if you trade on Binance, you’re probably wondering what sort of tax reporting tools they offer to make your life easier. More specifically, does Binance issue the 1099 tax form?
No, Binance does not issue 1099. There are tools you can use to produce this form for your tax return which are specifically designed for cryptocurrency exchanges, read on to see the favourites.
How to produce 1099 for Binance
You can use a crypto tax reporting software like cryptotrader.tax to produce your Binance 1099. These services usually charge a monthly or one-off fee to produce your reports.