I exchanged crypto assets for another type of crypto assets, i.e. Bitcoins for Ethereum. How do I report this on my tax return?
Report the information on your tax return as follows:
- Selling date: the date on which you exchanged the Bitcoins for Ethereum
- Selling price: the value of the Ethereum you received
- Acquisition date: the date on which you originally acquired the Bitcoins
- Acquisition price: the value of the Bitcoins in euros on the acquisition date
- Also report the expenses for the acquisition of property and the selling expenses, such as broker’s fees.
You can check the values of crypto assets at a well-known cryptocurrency exchange. When the capital gain is calculated, the acquisition price of the Bitcoins and the related expenses are deducted from the selling price.