The two musicians have a chequered history with Kanye famously interrupting her acceptance speech for Best Female Video at the 2009 MTV Video Music Awards to insist Beyonce should have won the accolade.
But Taylor has revealed she and Kanye were able to reconcile their differences thanks to mutual friend Jay Z - who is Beyonce's husband - who was determined for them to start afresh.
Speaking to the new issue of Vanity Fair magazine, she said: ''I feel like I wasn't ready to be friends with (Kanye) until I felt like he had some sort of respect for me, and he wasn't ready to be friends with me until he had some sort of respect for me - so it was the same issue, and we both reached the same place at the same time. I became friends with Jay Z, and I think it was important, for Jay Z, for Kanye and I to get along ... And then Kanye and I both reached a place where he would say really nice things about my music and what I've accomplished, and I could ask him how his kid's doing.''
Although Taylor and Kanye - who has daughter North with his wife Kim Kardashian West - have only recently become pals, the 'Style' hitmaker has a very close group of friends who she can always rely on.
Taylor - who is dating Calvin Harris - said: ''We even have girls in our group who have dated the same people. It's almost like the sisterhood has such a higher place on the list of priorities for us. It's so much more important than some guy that it didn't work out with.
''When you've got this group of girls who need each other as much as we need each other, in this climate, when it's so hard for women to be understood and portrayed the right way in the media ... now, more than ever, we need to be good and kind to each other and not judge each other - and just because you have the same taste in men, we don't hold that against each other.''
Have a spookily musical Halloween this year.
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