With the income tax campaign about to open, Javier Molina and Sandra Adrián point out the importance of correctly organizing tax and investment information before submitting the return. Furthermore, it is essential to distinguish between informative reports and the income tax return itself.
As for information reports, they are only necessary when digital assets exceed certain limits on overseas exchanges. For its part, in the income tax return, any swap between cryptoassets generates a change in assets that can be taxed, in a similar way to the sale of shares. Additionally, it is recommended to include income such as airdrops or rewards on the general basis.
Regarding the losses resulting from scamsMaking a difference between cases with an identified perpetrator and those without a known perpetrator. In the former, a judicial process is required to prove the unpaid credit; In the latter, an expert report documenting the fraud may allow the loss to be deducted. The analysis must combine the on-chain traceabilitywhich follows movements on the blockchain, with off-chain documentation that proves the deception.
Another relevant aspect is the demonstration of the origin of fundsespecially for cryptocurrencies acquired years ago. The blockchain makes it possible to prove the date and value of the purchase, making it easier to justify ownership and correctly calculate the capital gain.
For the close of the fiscal year, it is advisable to collect all the information from exchanges and wallets, and record screen as of December 31showing balances and tokens. This measure is considered useful evidence in the event of possible Treasury requirements and helps to prepare both the informative reports and the income tax return.