Those who invest in the cryptocurrency futures market, like investors in the stock futures market, decide to take high risks of losses in order to achieve significant profits. However, in all cases, it is necessary to keep up with commitments and tax obligations in order not to compromise earnings. Luis Fernando Cabral, an accountant specializing in investment accounting from Contador do Trader, notes that the speculation market does not exempt the investor from fulfilling tax obligations.
"The cryptocurrency futures market offers great opportunities, but also requires attention to taxation. Understanding how to correctly report the profits from these operations is essential to avoid problems with the Federal Revenue," explains the accountant. According to him, investors who buy and sell futures contracts will eventually need to measure, record, file, generate the tax, that is, calculate and pay the tax, and finally declare to the Federal Revenue Service (RF). This accounting environment is very important to ensure that operations are up to date with the tax authorities.
Very similar to stock market asset trading, the cryptocurrency futures market is a segment where the digital asset is bought or sold at a set price for a future date. "Investors can either profit if the price is correct or incur a loss," emphasizes the accountant. In this sense, up-to-date accounting contributes, including, to the correct calculation of the average purchase prices of assets, which are important for determining results. "The investor cannot let lack of knowledge about taxes compromise their gains," he says.
In addition to accounting advisory, the futures market investor in cryptocurrencies can seek specialized consulting to analyze the market and make decisions. Because cryptocurrency futures contracts can be used for investors to hedge against adverse price movements or for speculation itself, in order to profit from market fluctuations. There are modalities and ways to work, but all of them require fiscal and accounting security.