Hi there 👋

1/ What are the tax obligations regarding crypto-assets?

During the tax return campaign, three obligations apply to cryptocurrency owners:

When selling digital assets for state currency (Euro, Dollar) or purchasing goods/services in crypto, you must calculate and declare your capital gains or losses (Form 2086)
All accounts opened, used, or closed during the year must be declared via Form 3916-3916-BIS
Declare mining and staking income as non-commercial profits (BNC) if you opt for this regime

For more information, we recommend reading our white paper on cryptocurrency taxation.

2/ I have losses this year, must I still declare them?

Yes. Losses must be taken into account. You are taxed on the total sum of your gains and losses realized during the previous fiscal year. It is important to include them for an accurate taxable amount.

If you only realized losses, you must still declare them from the first taxable transaction. However, you will owe nothing, since losses mean no gains were made.

3/ Is pricing based on all my transactions?

No. Pricing is now based only on transactions from the current year. For example: you have 2,000 transactions in 2024, but more than 10,000 transactions total. You would be eligible for the 2,000-transaction formula for 2024.

Important: You must still add all your transactions. We require your complete transaction history from the very first transaction to accurately calculate your taxable gains.

4/ What platforms do you support?

Waltio supports over 190 platforms, including centralized exchanges (Binance, Coinbase) and decentralized wallets (Metamask, Ledger).

Find the complete platform list and tutorials for each on our website.

5/ What if I use a platform not supported by Waltio?

Two options are available:

6/ What documents does Waltio produce?

Waltio produces four documents:

Tax certificate: A legal letter confirming calculations, showing total gains/losses and where to report on Form 2042-C
Annual capital gains declaration annex: Pre-filled Form 2086 Excel spreadsheet to file on the tax authority's website
Stock sheet: Portfolio value tracking document to help identify account errors
General Ledger: Not required for declaration but must be provided during tax audits to justify calculations

Waltio also provides information about Form 3916-BIS for declaring foreign accounts.

7/ How do you qualify crypto activity as habitual or occasional?

Qualification requires considering transaction amounts, the proportion of household income from digital asset trading, and tools used (derivatives, additional investments).

The vast majority of cryptocurrency owners have activity classified as occasional, taxable under the flat tax (PFU) regime.

Qualifying your activity constitutes tax advice. This profession is regulated and reserved for tax lawyers. We recommend contacting our specialized tax attorney: contact@orwl.fr

8/ What do the warnings correspond to?

Warnings highlight potentially taxable transactions to confirm proper classification. You can categorize each transaction as:

Taxable: Payments
Non-taxable: Hacks, losses, donations, inter-account transfers

To reduce warnings, follow these 4 steps:

Verify you have submitted all transaction histories for each platform
Indicate if you made cryptocurrency payments
Label deposits flagged with warnings
Label withdrawals flagged with warnings

9/ I never declared anything, what should I do?

Since tax advice is regulated and reserved for tax lawyers, we recommend contacting our specialist: contact@orwl.fr

Our tool supports crypto-asset tax declarations from 2019 onwards, not for 2018 and earlier. Note that tax authorities may be more lenient with small portfolios from before 2019, when no specific tax regime existed.