Hello πŸ‘‹,

Deposits usually increase the value of your portfolio.

The choice of the label have an impact on the calculation of your capital gains or losses. So, please do not use labels if you are unsure of their different impacts.

πŸ’‘ Not all deposit have to be labeled, only the following one should be labeled in Waltio :

  • Salary

  • Cashback

  • CFD gains

  • Masternodes, staking and farming gains

  • Other gains

  • Donation received

πŸ‘‰ To label a transaction in our tool, follow this tutorial.

Here is a table explaining the deposit labels available to Belgian users and their tax consequences

Deposit Labels

Labels (*Mandatory)

Impact your crypto inventory

Taxable operation

Cashback*

βœ… Increase

βœ… Yes - Income from capital

Airdrop

βœ… Increase

❌ No

Masternodes, staking, farming gain*

βœ… Increase

βœ… Yes - Income from capital

CFD gain*

βœ… Increase

βœ… Yes - Income from capital

Salary*

βœ… Increase

βœ… Yes - Miscellaneous income

Received donation

βœ… Increase

❌ No

Other gain*

βœ… Increase

βœ… Oui - Income from capital

Collateral Reimbursement

❌ No

❌ No

Unstaking

❌ No

❌ No

πŸ’‘ Here are two examples to understand:

1️⃣ - You receive an airdrop in cryptocurrency. On the deposit transaction, you apply the label "Airdrop". This deposit will increase the amount of your cryptos in stock and will not be taxable.

2️⃣ - You receive 0.2 ETH as a reward for your staking. On the deposit transaction, you apply the label "Gains from masternodes, staking, farming, CFD". This deposit will increase the amount of cryptos you have in stock and it will be a taxable transaction (taxable as income from capital at 30%).

If you have any further questions, please feel free to contact us via the Chatbot just at the bottom right of your screen! πŸ’¬

The Waltio team

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