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How to generate statements for converting crypto to crypto (Convert system) & Tax?

Binance

Cryptocoins Exchanges / Binance 195 Views

recently i made some profits trading bnb to usdt (converting back to back) like a typical day trader in stocks. I was wondering if there was a way to generate statements for converting crypto to fiat
and fiat to crypto during tax time because I am aware there is tax for converting crypto to crypto, but after looking around Binance doesn't seem to have that option. I am honestly not sure what to record for my crypto taxes just so i want to get prepared for the next tax time of the year.

Should I just record my profits in an excel sheet manually? (Date & Time, Amount Invested, Profit, Loss etc..)?

or is there another feature that Binance offers for convert statements that I cannot see/or not available for in AUS?

submitted by /u/chronoz000
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