Kryptos Tax Re-poster

Now that there's only one day left until the final submission deadline, we're seeing a specific and widespread mistake in the crypto space. Many people mistakenly list their internal wallet transfers as sales in their tax declarations.

Let’s say you're moving ETH from your Coinbase account to your private Ledger. In this case, you haven’t sold anything at all and no funds have changed hands; you still hold exactly the same ETH as before. According to the guidelines set by the tax authority, this type of movement between your own wallets is completely tax-free. However, there’s a crucial detail to keep in mind. The gas fee in ETH that you pay to execute the transfer may be considered a taxable disposal.

Due to this misunderstanding, people every year end up paying thousands of dollars in unnecessary taxes for events that were never taxable in the first place. Since tomorrow is the absolute last day, we recommend you get help from Kryptos to carefully review your entire transaction history. Let Kryptos assist you in correctly identifying your actual disposals.

If you've taken a hit on crypto in 2025, read this before you file.

Your crypto losses can't be carried over to future years.

Unlike stocks, where losses can be carried forward for 10 years, crypto losses in France expire on December 31st. The DGFiP has confirmed this explicitly.

What this means: if you have both gains AND losses in 2025, you need to declare them TOGETHER in the same form 2086. Don't file two separate declarations.

Kryptos automatically consolidates everything and calculates your real net result, not what you think you owe.

Kryptos calculates your net result for 2025 →

The strictest ruling regarding crypto tax in Sweden's history was announced in March 2026. The penalty for the accused was a prison sentence of 3 years and 9 months. The background to this was hidden gains totaling 362 million kronor, which in turn resulted in 107 million kronor in unpaid tax funds.

Through meticulous work, the Tax Agency managed to trace all executed transactions, year after year. It might be easy to assume this involved shady and anonymous deals on the darknet, but the truth is different. Instead, it was just an ordinary individual using a standard account with Coinbase.

Don't forget that May 4th is the absolute last date to submit your income tax return. So make sure to report your cryptocurrencies in good time before the deadline hits and it’s too late.

Have you been involved in cryptocurrency trading during 2025 and have not yet submitted your tax return? Then you have 14 days left to take care of this. It is good to know that Binance, Coinbase, and Kraken have automatically forwarded your transaction details directly to the Tax Agency since January 1st. This information sharing is done entirely without you needing to approve or be informed about it. Since the authority already has access to your figures, the easiest and most beneficial thing for you is to take the first step. Therefore, make sure to submit your tax return on your own initiative before the Tax Agency has time to contact you.

It feels like there is conflict everywhere you look these days, and the IRS has decided to join the fray. The agency recently introduced a brand new crypto audit form. This document demands your complete transaction history across 100+ exchanges, encompassing absolutely every platform and digital wallet you use. Furthermore, you must sign this comprehensive declaration under penalty of perjury. Overlooking even a single item could lead to major complications for you. Because you already have enough daily challenges to navigate, allow https://t.co/aiWKHscGbH to step in as your reliable mockingbird.

Are you concerned about landing on Santa's naughty list due to your trading activities this year?

No need to worry; Kryptos has you covered.

Join us today and allow Uncle Sam to help offset your financial missteps.

Experience tax savings that even the IRS acknowledges.

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Good Morning, Degens!⛄️

A Friendly Reminder: Just 2 Days Until Christmas and 39 Days Remaining Until the UK Tax Deadline.

RSVP: Let’s Conclude the 39 Days of Anxiety Leading Up to Christmas!🫶
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Good morning, everyone! ☀️

Today's takeaway:

Kryptos is excited to announce a collaboration with @binance UK aimed at simplifying the UK tax season for everyone.

As the January 31st deadline set by HMRC approaches, we have developed a comprehensive guide to assist you in accurately filing your cryptocurrency taxes.

📝 Access the complete guide on Binance UK here → https://t.co/j79WKiek8Z

By linking your Binance account with Kryptos, you can enjoy automatic tracking of transactions and receive tax reports that comply with HMRC regulations.

Additionally, Binance users can take advantage of a 25% discount (details available in the guide).

Sign Up Today! 👇🏻