🇫🇷 – Guide for the filing of your tax return's cryptocurrencies part

Friendly-user tutorial to file the cryptocurrency's tax return on the French tax authorities' website, impôts.gouv.fr

Updated over a week ago

Hereunder is a deep tutorial made with online space's screenshots in order to declare easily your cryptocurrencies' tax return as a French resident

Step 1 : Declare and report your accounts

Step 2: Declare your taxable transactions

Step 3 : Report your passive gains (option)

Step 1:
1A – Click on “Access the online declaration”

1B – Please validate, fill in or modify the steps that are not related to cryptocurrencies

On the next page, the 8UU box need to be ticked if you opened owned or closed an account held abroad:

Once you clicked on “Next”, you will be automatically redirected to your appendix declaration.

1st tax liability: report and declare your accounts

1-B-BIS – Report your accounts declared last year

Former declaration of accounts held abroad via form 3916-3916-BIS made the previous year is already pre-registered.

Information are displayed to guide you to declare your foreign accounts. Amongst them, a pop-up window informs you of the penalties endured for failing to declare them. You should click on “Close”.

Please click on “report” to automatically confirm that these accounts are still used or opened this year (the year you make the declaration for). You will be notified by a “carry forward activated” message.

You must indicate at least the number of accounts previously reported.

The requirement to report a foreign digital asset account includes accounts held, opened, closed, used abroad during the tax year and also applies to your funds held in custody within exchange platforms.

💡 Only information related to platforms supported by Waltio will be available. Legally, the obligation to report a digital asset account held, opened, closed and used abroad during the relevant tax year applies to exchange platforms that own your funds (custodial account), i.e. you are not the private key owner

Noncustodial account, where you remain the private key owner (hence owner of the funds as for Ledger) are not concerned by this legal duty.

Therefore, I kindly invite you to be aware of the accounts/platforms' terms and conditions in order to ensure their custodial / noncustodial features. You should then know for certain 😊

💡 All accounts opened, used, or closed during 2022 must be reported. Thus, an account opened after January 1, 2023, is excluded from the scope of the 2022 tax filing season, while it will have to be declared next year.

💡 As last year, the two 3916 & 3916-BIS forms merged, you are only required to fill one form.

The account details should be specified via the forms provided by Waltio.

Either your login unique identifier, if you own one (in your Binance profile), or in the negative, the following information Lastname.Firstname@email.com should be inserted in the “account number” part.

In the “account characteristics” section, you can type “digital asset transaction account”.

In the “account name” part, you can fill in “Xplatform digital asset custodial account(for example, Binance account).

Despite our request about the maximum number of characters accepted, we have still not received any answer. We will update this article as soon as we receive feedback from the French tax authority. In the meantime, we can kindly recommend you to ask them directly via your secure contact link. (“messagerie sécurisée”).

💡 Searching for “The Platform Name” (or do-not-reply@nomdelaplateforme.com) in your emails will help you find the account's creation date. In case you've unfortunately deleted them, we kindly suggest contacting the platform directly to ask them.

💡 Same happens in case you have closed an account during the year

You can ask them about the modalities of detention and its use:

👏 1st obligation: report and declare your accounts ✅


👉 2A – Report your taxable transactions via Schedule 2086

Please click on “ANNEXES declarations”.

Tutoriel pratique une déclaration fiscale de cryptomonnaies complète sur impôts.gouv.fr

You should ensure that boxes 3916-3916-BIS and 2086 are ticked. Otherwise, please do it yourself.

💡 In case the amount declared on Schedule 2086 is zero, it means if the annual capital gains declaration schedule proposed by Waltio is empty, you should not click on “Declaration of capital gains or losses following disposals of digital assets” (No. 2086). Calculation and declaration of capital gains or losses realized should happen only in case of digital asset disposals by sale (against fiat money) and spending (against goods and services)

Click on “Valider”.

2B – Please make sure the boxes are ticked, then click on “Next”.

2C – Click on “Annex 2086” (on the left side of your screen)

Tutoriel pratique une déclaration fiscale de cryptomonnaies complète sur impôts.gouv.fr

2D – Please enter the number of taxable disposals made

💡 If you have more than 100, please follow this tutorial

2E – Please take the figures from the below Waltio's template called “Annexe de declaration annuelle des plus values” into the online form:

2F – Please check once the total amount has been automatically filled in and click on “Next”.

2G – Please confirm once again by clicking on “Next” (bottom right) or on “Tax return”.

💡 If you make the declaration thought your online space, your overall capital gain or loss will be reported automatically on your tax return. You can check that these figures has been reported on your main income tax declaration on box 3AN or 3BN and validate. In case of a capital loss, box 3BN will be filled. As the tax authorities do not support special characters, capital losses will not be displayed with a “-” negative sign.

⇒ For example, a capital loss of €53 on the main declaration:

💡 If you submit your tax declaration on paper, please fill in this figure yourself to Form 2042-C (CF below):

💡 If you have realized capital losses, we have written an article about it.

💙 Since this year 2024, it is possible to choose to be taxed according to the tax scale rather than the flat-tax of 30%.
Depending on the choice you make, your tax could be lower!
Here is a guide to reduce your tax by making the right choice between the two options.

👉 If you do not wish to be subject to the flat-tax of 30% but to the income tax scale, you will need to check box 3CN.

👉 Conversely, if you wish to be taxed at the flat-tax, box 3CN should not be checked.

Carry out your simulation by following this guide to find out which is the best option to reduce your tax in your case!

👉 3rd Step : Report your passive gains

❗️ This step must be completed only if you have received passive income from staking, farming, etc.
Your BNC (Non-Commercial Benefits) earnings to declare are presented by Waltio if you have selected the BNC option in the tool.

To declare, you will need to use the supplementary form 2042 C PRO.

-> Please provide your personal information, address, and SIRET number (if you have one).

-> Check the "BNC" box on the line "Nature of income"

▶️ If the total amount of your BNC earnings is less than 77,700 euros:

-> Scroll down the form to the "Non-commercial non-professional income" section and enter the BNC amount provided by Waltio in box 5KU.

▶️ If the total amount of your BNC earnings exceeds 77,700 euros:

( Note: This controlled declaration professional regime requires detailed accounting throughout the year to deduct expenses up to their actual amount)

-> Scroll down the form to the "Controlled declaration regime" section and enter the BNC amount provided by Waltio in box 5JG.

🎉 Congratulations, you have completed the reporting of your digital asset account.

💡 To go further, you can read our blog post about it.

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! 💬

The Waltio Team

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