๐Ÿ’ซ๐Ÿ’–๐ŸŒน 3/3

๐Ÿ’ฐ CONCRETE EXAMPLE: DECLARING YOUR CRYPTOS

๐Ÿ‘ค Your situation
- You buy โ‚ฌ1,000 of crypto
- A few months later โ†’ itโ€™s worth โ‚ฌ1,500
- You sell everything in euros

๐Ÿงฎ STEP 1: Calculating the gain
โ‚ฌ1,500 โ€“ โ‚ฌ1,000 = โ‚ฌ500 profit

๐Ÿ“„ STEP 2: Form 2086
You indicate:
- Total purchase price โ†’ โ‚ฌ1,000
- Sale price โ†’ โ‚ฌ1,500
The form calculates = +โ‚ฌ500

๐Ÿ“„ STEP 3: Form 2042-C
You simply report: โ‚ฌ500 gain

๐Ÿ“„ STEP 4: Form 3916-bis
You declare your account:
- Binance / Coinbase / other

๐Ÿ’ก Even if you havenโ€™t made any profit: mandatory

๐Ÿ’ธ STEP 5: Calculating the tax
Flat tax = 30%
โ‚ฌ500 ร— 30% = โ‚ฌ150 tax

๐ŸŒน FINAL RESULT
- Actual gain: โ‚ฌ500
- Tax: โ‚ฌ150
You have left: โ‚ฌ350 net

โš ๏ธ IMPORTANT VARIANT
๐Ÿ‘‰ If you do NOT sell in euros:
โŒ no tax
โœ”๏ธ BUT accounts must still be declared

๐Ÿ”ฅ CLASSIC ERROR
โ€œI swap BTC โ†’ ETH so I am taxedโ€
โŒ FALSE (in the majority of cases in France)
As long as you stay in crypto = not taxable

Have a good and sweet evening ๐Ÿฅฐ
Kindly โœจ๏ธ
#PATRICIABM ๐ŸŒน๐Ÿ’–๐Ÿ’ซ