Resources/exchanges/Preparing Your BlockFi Taxes

Preparing Your BlockFi Taxes

CryptoTaxCalculator allows you to calculate your taxes arising from any trading activity on BlockFi. You can import your trading data as a CSV file. You can then easily calculate your financial year's short and long-term gains using various in-app inventory methods.

Import via Order History CSV File

  1. Log into your BlockFi account and click your profile icon in the top right
  2. Select 'Reports' from the dropdown menu
  3. At the bottom of the page, you will see 'Trading' and 'All Transactions'
    BlockFi csv download page
    BlockFi csv download page
  4. For 'Trading' select the date range you wish to export (or download all) and click the 'Download .csv' button - this will download all your detailed trading data
  5. For 'All Transactions' select the date range you wish to export (or download all) and click the 'Download .csv' button - this will download all your detailed transaction data such as deposits, withdrawals, interest payments, etc
  6. Upload both CSV files here to CryptoTaxCalculator

Wrapping Up

That's it! Using the CSV option, you can upload your transactions from BlockFi to calculate your taxes using CryptoTaxCalculator. If you find that you are missing some transactions, you can upload these manually using our Simple or Advanced manual CSV import.

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

Shane Brunette

CEO

Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant.

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