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Introduction
As the world of cryptocurrency continues to evolve, it's crucial to stay informed about how this new form of asset affects your taxes. This guide will serve as a valuable resource for understanding the tax implications of your cryptocurrency transactions on SBI VC Trade, and how Divly can assist you in managing and calculating your crypto taxes.
Frequently Asked Questions (FAQ)
Q1: Why do I need to consider taxes for my cryptocurrency transactions?
A1: Regardless of where you are based, most governments classify cryptocurrencies as taxable assets. This means that transactions involving cryptocurrencies – such as buying, selling, trading, mining or earning crypto – can have tax implications.
Q2: How are cryptocurrency transactions taxed?
A2: The specific tax rules can vary depending on your country's tax laws. However, in many cases, cryptocurrency transactions are subject to capital gains tax. This means you may owe taxes on any increase in value of the cryptocurrencies you sell or trade, compared to their value when you acquired them.
For information regarding your country's tax treatment please see one of our country guides
Q3: What information do I need to calculate my cryptocurrency taxes?
A3: To accurately calculate your crypto taxes, you'll need a record of all your transactions. This includes the date of each transaction, the value of the cryptocurrency at the time of the transaction, the amount of crypto acquired or disposed of, and any fees associated with the transaction.
Q4: How can Divly help me with my cryptocurrency taxes?
A4: Divly is a cryptocurrency tax calculator that simplifies the process of calculating your crypto taxes. By inputting your transaction data from SBI VC Trade, Divly can automatically calculate your potential tax obligations and generate a detailed tax report.
File import
You can import transactions from SBI VC Treade into Divly by downloading and importing a CSV file containing all of your transactions. Make sure to download the CSV files every time you want to include the latest transactions.
Step by step guide:
Step 1: Log into your account on SBI VC Trade. Alternatively, you can also log into SBI VC Trade and click on "トレーダーモード(Trader Mode)" on the left side of the screen.
Step 2: Once you're logged in, click on the "報告書(Reports)" menu from the menu bar on the left.
Step 3: Click on the "損益計算用データ(PNL Calculation Data)" tab.
Step 4: Download all ZIP files that contain TRADE_RECORD_LIST and CASHFLOW.
Step 5: Unzip the downloaded ZIP files. You should now have CSV files named "CASHFLOW_xxxxxx.csv" and "TRADE_RECORD_LIST_xxxxx.csv".
Any tax-related information provided by us is not tax advice, financial advice, accounting advice, or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact.