Resources/exchanges/FTX Tax Guide

FTX Tax Guide

CryptoTaxCalculator has made it really easy to account for your transactions on FTX by offering a direct import of the relevant CSV files, or via API keys. You can then easily calculate your financial year's short and long-term gains using various in-app inventory methods.

Using a CSV upload

  1. In the top right click on your username
  2. In the dropdown menu select trade history
  3. Click the 'Download CSV' button and upload to CryptoTaxCalculator
  4. If you traded future products you will need to import your PnL statement
  5. Click on your username and select 'PnL'
  6. Adjust the start time to the date you started trading
  7. Click the 'Download CSV' button and upload to CryptoTaxCalculator
  8. This will upload income earnt from trading futures such as margin/perpetual contracts

Using an API key

  1. Log in to your FTX account and click on the Settings (gear) icon in the top right of the navbar to navigate to your profile (https://ftx.com/profile)
  2. On the left side of the page click on 'Api'
  3. Make sure you have your main account selected
  4. Click the button 'CREATE READ-ONLY API KEY'. This will open a popup window with your newly created API information
  5. Copy the 'API key' and 'API secret' somewhere secure and click 'close' to close the dialogue
  6. You can now use the copied 'API Key' and 'API secret' to sync with your FTX API on CryptoTaxCalculator

Wrapping Up

This is the first step in calculating your crypto taxes, after this CryptoTaxCalculator can use the data to calculate your complete tax obligation and portfolio breakdown. If there are any missing transactions that couldn’t be captured from the import process you can add them 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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