📝 Description

This guide lists the withdrawal labels available on Waltio for Italian users. Each label has a specific tax impact on the LIFO calculation and the taxation of your transactions.

👉 AP = Acquisition Price

👉 When a withdrawal neutralizes/impacts the LIFO cost, it is always impacted by the AP of the crypto withdrawn from the LIFO chronological table (= removal of the crypto from the portfolio).

⚠️ Warnings

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The calculation method applicable in Italy is LIFO (Last In, First Out).
Only crypto/fiat, goods, services and EMT stablecoin transactions are considered taxable.
All passive crypto transactions (excluding taxable disposals) are integrated into LIFO at an acquisition cost of EUR 0. {% endhint %}

📂 Withdrawal labels

Label	LIFO impact / Acquisition price	Taxable?	Crypto stock impact	Example
Payment	Initial cost unchanged	✅ Neutralizes LIFO	✅ Redditi diversi di natura finanziaria	⏬ Decrease
Fees	Initial cost unchanged	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease
Staking deposit	AP: initial purchase price of the crypto put into staking	❌ No LIFO impact	❌ Not taxable	⏸ No change
Transfer between accounts	AP: initial purchase price of the transferred crypto	❌ No LIFO impact	❌ Not taxable	⏸ No change
Donation	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease	I buy 1 BTC for EUR 20,000. I give 1 BTC. BTC exits LIFO
Hack or Loss	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease	I buy 1 BTC for EUR 20,000. Hack 1 BTC. BTC exits LIFO. ⚠️ Hack/loss must be proven by solid evidence: otherwise, tax fraud
Liquidity addition	✅ Neutralizes LIFO	❌ Not taxable (taxable if EMT stablecoin)	⏬ Decrease	I buy 1 ETH for EUR 1,000. ETH increases: 1 ETH = EUR 1,500. Deposit in LP. AP: EUR 1,000
Collateral deposit	AP: initial purchase price of the crypto used as collateral	❌ No LIFO impact	❌ Not taxable	⏸ No change
Other withdrawal	Initial cost of the withdrawn crypto unchanged	✅ Neutralizes LIFO	✅ Redditi diversi di natura finanziaria	⏬ Decrease
ICO Participation	Initial cost of the token used for ICO participation unchanged	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease
Other loss	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease	I buy 1 ETH for EUR 1,000. I lose my ETH (ETH value at the time of loss = EUR 3,000). ETH exits LIFO for EUR 1,000. ⚠️ Loss must be proven by solid evidence: otherwise, tax fraud
NFT	Initial cost of crypto used to buy NFT unchanged	✅ Neutralizes LIFO	✅ Redditi diversi di natura finanziaria	⏬ Decrease
Swap	Initial cost of swapped crypto unchanged	✅ Neutralizes LIFO	❌ Not taxable. ✅ Taxable if swap for an EMT stablecoin	⏬ Decrease
Liquidation	Initial cost unchanged	✅ Neutralizes LIFO	❌ Not taxable	⏬ Decrease
Derivatives loss	✅ Neutralizes LIFO	✅ Specific regime. ❌ Not taxable on Waltio	⏬ Decrease	Purchase of USD 10,000 for EUR 10,000. CFD value EUR 10,000. CFD loss of EUR 8,000. AP: EUR 10,000. CFD exits LIFO for EUR 8,000. Deductible base: EUR 8,000. 👉 Consult a lawyer - specific tax regime

💡 Additional information

To label your transactions, go to My transactions.
For more information on Italian cryptocurrency taxation, see the dedicated article in your Help Center.
To understand the LIFO and FIFO calculation methods, see the article Calculation methods.

Withdrawal Labels (Method: crypto/fiat)

Withdrawal Labels (Method: crypto/crypto)

Deposit labels

Withdrawal labels