📝 Description
You must declare your taxable gains only if you've completed taxable transactions: converting cryptocurrencies to fiat currency or purchasing goods/services with crypto. This article outlines these two taxable events and explains when it's necessary to calculate and declare your gains using Waltio.
The purchase of goods and services in cryptocurrencies
Converting cryptocurrencies into FIAT (state monetary currency).
If you have not made any taxable transactions during the year 2025, there is no need to calculate and declare your capital gains, because you have not made any!
However, if these digital asset accounts are held on foreign platforms you must declare your accounts via form 3916-BIS.
We provide all this account data for all of our customers 😊 (Free plan included)