Hereunder is a deep tutorial made with online space's screenshots in order to declare easily your cryptocurrencies' tax return as a French resident
1A – Click on “Access the online declaration”
1B – Please validate, fill in or modify the steps that are not related to cryptocurrencies
On the next page, the 8UU box need to be ticked if you opened owned or closed an account held abroad:
Once you clicked on “Next”, you will be automatically redirected to your appendix declaration.
1st tax liability: report and declare your accounts
1-B-BIS – Report your accounts declared last year
Former declaration of accounts held abroad via form 3916-3916-BIS made the previous year is already pre-registered.
Information are displayed to guide you to declare your foreign accounts. Amongst them, a pop-up window informs you of the penalties endured for failing to declare them. You should click on “Close”.
Please click on “report” to automatically confirm that these accounts are still used or opened this year (the year you make the declaration for). You will be notified by a “carry forward activated” message.
You must indicate at least the number of accounts previously reported.
The requirement to report a foreign digital asset account includes accounts held, opened, closed, used abroad during the tax year and also applies to your funds held in custody within exchange platforms.
💡 Only information related to platforms supported by Waltio will be available. Legally, the obligation to report a digital asset account held, opened, closed and used abroad during the relevant tax year applies to exchange platforms that own your funds (custodial account), i.e. you are not the private key owner
Noncustodial account, where you remain the private key owner (hence owner of the funds as for Ledger) are not concerned by this legal duty.
Therefore, I kindly invite you to be aware of the accounts/platforms' terms and conditions in order to ensure their custodial / noncustodial features. You should then know for certain 😊
💡 All accounts opened, used, or closed during 2022 must be reported. Thus, an account opened after January 1, 2023, is excluded from the scope of the 2022 tax filing season, while it will have to be declared next year.
💡 As last year, the two 3916 & 3916-BIS forms merged, you are only required to fill one form.
The account details should be specified via the forms provided by Waltio.
Either your login unique identifier, if you own one (in your Binance profile), or in the negative, the following information Lastname.Firstname@email.com should be inserted in the “account number” part.
In the “account characteristics” section, you can type “digital asset transaction account”.
In the “account name” part, you can fill in “Xplatform digital asset custodial account” (for example, Binance account).”
Despite our request about the maximum number of characters accepted, we have still not received any answer. We will update this article as soon as we receive feedback from the French tax authority. In the meantime, we can kindly recommend you to ask them directly via your secure contact link. (“messagerie sécurisée”).
💡 Searching for “The Platform Name” (or firstname.lastname@example.org) in your emails will help you find the account's creation date. In case you've unfortunately deleted them, we kindly suggest contacting the platform directly to ask them.
💡 Same happens in case you have closed an account during the year
You can ask them about the modalities of detention and its use:
👏 1st obligation: report and declare your accounts ✅
2A – Report your taxable transactions via Schedule 2086
Please click on “ANNEXES declarations”.
You should ensure that boxes 3916-3916-BIS and 2086 are ticked. Otherwise, please do it yourself.
Accounts opened, held, closed or used abroad must be declared every year. Although the tax authorities record accounts you've declared in previous years, they must be declared every single year.
💡 In case the amount declared on Schedule 2086 is zero, it means if the annual capital gains declaration schedule proposed by Waltio is empty, you should not click on “Declaration of capital gains or losses following disposals of digital assets” (No. 2086). Calculation and declaration of capital gains or losses realized should happen only in case of digital asset disposals by sale (against fiat money) and spending (against goods and services)
Click on “Valider”.
2B – Please make sure the boxes are ticked, then click on “Next”.
2C – Click on “Annex 2086” (on the left side of your screen)
2D – Please enter the number of taxable disposals made
💡 If you have more than 100, please follow this tutorial
2E – Please take the figures from the below Waltio's template called “Annexe de declaration annuelle des plus values” into the online form:
2F – Please check once the total amount has been automatically filled in and click on “Next”.
2G – Please confirm once again by clicking on “Next” (bottom right) or on “Tax return”.
💡 If you make the declaration thought your online space, your overall capital gain or loss will be reported automatically on your tax return. You can check that these figures has been reported on your main income tax declaration on box 3AN or 3BN and validate. In case of a capital loss, box 3BN will be filled. As the tax authorities do not support special characters, capital losses will not be displayed with a “-” negative sign.
⇒ For example, a capital loss of €53 on the main declaration:
💡 If you submit your tax declaration on paper, please fill in this figure yourself to Form 2042-C (CF below):
💡 If you have realized capital losses, we have written an article about it.
🎉 Congratulations, you have completed the reporting of your digital asset account.
💡 To go further, you can read our blog post about it.
If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! 💬
The Waltio Team