Hello 👋 ,
Here is a complete tutorial with steps and screenshots from the online tax declaration space to declare your cryptocurrencies easily.
The tax declaration form is unique and provides different parts, each with several boxes depending on the type of income to be declared.
💡 This guide will allow you to declare each of your earnings according to the transactions you have made.There are several steps. Each step corresponds to the declaration of a category of income.
If you have not made any transactions in a category, you can move on to the next step.
🏁 Ready ? Let's start ! 🏁
👉 If you have received income from work, please go to step 1. If not, follow the next step.
👉 If you have received income from economic activities, please go to Step 2. If not, follow the next step.
👉 If you have received Income from gains and loss not deriving from the transfer of assets, please go to Step 3. If not, follow the next step.
👉 If you have received Income from capital, please go to Step 4. If not, follow the next step.
👉 If you have received Income from gains and loss that derive from the transfer of assets (purchase and sale), please go to Step 5.
Step 1️⃣ : If you have received Income from work
▶️ Go to “A. Rendimientos del trabajo”, report the total amount of income from work received during the current tax year, in box [004] (pg. 4).
❗️This field shouldn't include any gains or losses from mining. It will only include your crypto salary.
👏 1st Step: Report income from work ✅ Let's continue !
👉If you have received income from economic activities, please go to Step 2. If not, follow the next step.
👉If you have received Income from gains and loss not deriving from the transfer of assets, please go to Step 3. If not, follow the next step.
👉If you have received Income from capital, please go to Step 4. If not, follow the next step.
👉If you have received Income from gains and loss that derive from the transfer of assets (purchase and sale), please go to Step 5.
Step 2️⃣ : If you have received Income from economic activities
Income from economic activities corresponds to income from personal work, including : Mining activities ; Trading activities carried out for third parties ; Play-to-earn earnings.
▶️Go to D1: ”Rendimientos de actividades económicas en estimación directa”, then to "Actividades económicas realizadas y rendimientos obtenidos".
▶️Fill in the boxes corresponding to your economic activity: the corresponding tax regime, the total amount of earnings and the function of your activity.
👏 2nd Step: Report income from economic activities ✅ Let's continue !
👉If you have received Income from gains and loss not deriving from the transfer of assets, please go to Step 3. If not, follow the next step.
👉If you have received Income from capital, please go to Step 4. If not, follow the next step.
👉If you have received Income from gains and loss that derive from the transfer of assets (purchase and sale), please go to Step 5.
Step 3️⃣ : If you have received Income from gains and losses not deriving from the transfer of assets
Income from gains and losses not deriving from the transfer of assets includes: airdrops received as gifts and losses, scam and bankruptcies
▶️ Go to F1: ”Ganancias y pérdidas patrimoniales que no derivan de la transmisión de elementos patrimoniales”, then to "Otras ganancias y pérdidas patrimoniales que no derivan de la transmisión de elementos patrimoniales”.
▶️ Report the following:
- Amount of profit in box [0304] ;
- Amount of losses in box [0305].
👏 3rd Step: Report income from gains and losses not deriving from the transfer of assets ✅ Let's continue !
👉If you have received Income from capital, please go to Step 4. If not, follow the next step.
👉If you have received Income from gains and loss that derive from the transfer of assets (purchase and sale), please go to Step 5.
Step 4️⃣ : If you have received Income from capital
Capital income includes : staking income; farming income; liquidity pool income.
▶️ Go to B: ”Rendimientos del capital mobiliario”, then to "Rendimientos del capital mobiliario a integrar en la base imponible del ahorro”.
▶️Fill in the box [0031] "Rendimientos procedentes de la transmisión, amortización o reembolso de otros activos financieros” with the total amount of your capital income.
👏 4th Step: Report income from capital ✅ Let's continue !
👉If you have received Income from gains and loss that derive from the transfer of assets (purchase and sale), please go to Step 5.
Step 5️⃣ : If you have received Income from gains and losses that derive from the transfer of assets
Income from gains and losses that derive from the transfer of assets includes all transactions crypto-crypto or crypto-euro/dollar or crypto/goods/services.
💡 If you have made many transactions, you can contact the tax authorities to ask them if it is possible to transmit the schedule submitted by waltio. This will save you time and will not have to fill in each transaction manually. If the tax authorities agree, you can send them the documents provided by Waltio.
▶️ Go to F2: ”Ganancias y pérdidas patrimoniales derivadas de la transmisión de elementos patrimoniales”, then to "Ganancias y pérdidas patrimoniales derivadas de transmisiones de otros elementos patrimoniales”.
▶️ Fill the box [1626] with the code 0, which corresponds to "Virtual currencies" (p. 15)
▶️ For correct completion, the following must also be provided:
• Transmission date (day, month, and year) corresponding to box [1631]
• Date of acquisition (day, month, and year) corresponding to box [1632]
• Transmission value corresponding to box [1633]
• Acquisition value corresponding to box [1637]
👏 5th Step: Report income from gains and losses that derive from the transfer of assets ✅
✅ Congratulations, you've reached the end of your reporting !
Fill out the remaining box until your report is complete. Once this is complete, you should get the amount of tax due.
If you have any other questions, feel free to contact us via the chat just down the right side of your screen! 💬
Waltio Team 💙