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I exchanged one virtual currency for another, 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 bitcoins for ethereum
  • Selling price: the value of ethereum you received through the exchange on the exchange date
  • Purchase date: the date on which you originally acquired your bitcoins
  • Purchase price: the value of the bitcoins in euros on the purchase date
  • Also report the property acquisition costs and selling expenses, such as broker’s fees.

You can check the values of virtual currencies at a well-known cryptocurrency exchange. When calculating capital gains, the bitcoin purchase price and expenses are deducted from the selling price.

Page last updated 5/6/2021