Hello,
This article will explain how our auto-correction module works.
When your tax report is finalised, you may have to make a number of corrections.
You will have the choice of letting Waltio correct the inconsistencies detected during the analysis of your transactions or correcting them manually.
1. Waltio corrects inconsistencies for you (auto-correction)
Waltio offers 3 types of correction:
For each type of warning, we do the following:
Withdrawal to be categorised: We consider this to be a non-taxable event in France and a taxable event in Belgium and Spain.
Negative balance: We consider the balance to be 0. Having a balance of -4 ETH, for example, is impossible. We therefore use 0. No transaction is created. When calculating taxes, we only consider that the balance is equal to 0.
Price to be entered: We consider the value of the token to be $0.
2. Correct your inconsistencies manually
Please strictly follow the following tutorial: Warnings.
If you have any further questions, don't hesitate to contact us via the Chatbot just down the right-hand side of your screen! 💬
The Waltio team