Obligations
- Reporting of each sale/conversion in an annual report
- Keeping a record of each transaction (date, amount, rate)
- Capital Declaration: Must report crypto holdings
- FBAR Reporting: If held on a foreign exchange
Tools
There are automatic tools for calculating crypto tax (such as CoinTracker, Koinly) that connect to exchanges and produce a tax report.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.