Crypto investors already know that the taxation of the asset has changed in 2024, such as the end of the exemption for sales of up to R$ 35 thousand monthly (capital gain). However, many prefer to keep investments in a self-custody, which may be advantageous in some respects, but dangerous in others. And it is precisely in tax control that there may be some problem, leading the investor to losses. Luis Fernando Cabral, investment accountant, Trader Accountant partner, explains that the correct taxation can help maximize profits.
“Who likes to invest in cryptoassets is seeking to multiply their profits and an income above the market. For this to happen, many investors prefer to do everything themselves, from applications to accounting. If, on the one hand, this helps investors to have greater control over their investments, on the other hand it can happen just the opposite, that is, lose what was invested, in addition to letting some detail in the” accounting, says the expert.
First, by keeping crypto assets in self-custody, you run the risk of losing passwords and access keys and impairing data storage. Experts in the subject recommend a backup, in addition to writing down passwords on paper, in the best traditional style. However, it is not only in the issue of access to cryptocurrencies that there may be some problem, but also in relation to taxation. “The declaration of crypto assets as goods in Income Tax and the payment of tax are mandatory, only that deadlines can be missed if the self-custody investor does not know the details of each type of investment”, points out Luis Fernando.
The end of the year, according to the expert, is an excellent opportunity for the crypto investor to put on paper and make all the calculations of the gains and losses that he had throughout the year, to be able to start the fiscal new year on time with the information of his investments. “E this is the caveat of those who make investments in self-custody, it is the risk of letting some information and some deadline pass. After all, an accounting specialized in the subject will keep this information from the beginning of the year”, explains the accountant.
