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How to do your Safello taxes in 2022
| Transaction type | File Import | Automatic Import |
|---|---|---|
| Withdrawals | ||
| Deposits | ||
| Trades | ||
| Trading Fees |
Safello is the premier company in Sweden that provides citizens a seamless and safe option to buy select cryptocurrencies. With Safello’s seamless user experience, buying and selling crypto does not get much easier for Swedish citizens.
Boasting over 250,000 registered customers and 600,000 processed transactions, Safello has become a local giant in the Swedish crypto scene. This is not a surprising coincidence seeing that their offering has been hyper-localized for Swedish citizens.
How to import your Safello transactions into Divly
As Safello and Divly are official partners, we have built an effective solution to import your transactions into Divly. If you are looking for a process to simplify and automate your taxes, then Divly can help assemble a finished K4 report to be used when declaring your taxes to Skatteverket.
You can import your Safello transactions into Divly by either using the Automated Import or the File Import method. As a bonus a 30% discount is available in Divly for anyone with a Safello wallet (more about this at the end of this guide).
Automatic import
Safello and Divly have together worked on an integration that automatically imports your transaction history into Divly. This method utilizes BankID and takes less than a minute to complete. Divly does not store any personal information beyond your transaction data.
Important
You may need to manually add in deposits and withdrawals if you have sent crypto to different exchanges or paid for services. Divly can only import trades from Safello. Check your Safello app to find the transactions.
Step by step guide:
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In Divly, click the button Connect Safello.
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Use BankID to authorize Divly to access your transaction history.
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Divly will automatically import your transactions from Safello.
File import
You can import transactions from Safello into Divly by downloading and importing a CSV file. Make sure to download the CSV file every time you want to include the latest transactions.
Important
You may need to manually add in deposits and withdrawals if you have sent crypto to different exchanges or paid for services. Divly can only import trades from Safello. Check your Safello app to find the transactions.
Step by step guide:
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Sign in to Safello.
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In the navigation bar to the left click on Orders.
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Click on the button DOWNLOAD AS CSV found above the list of transactions . The CSV file will download.
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Drag and drop the CSV file to where it says Upload CSV. Divly will import the transactions.
Transaction types to consider when calculating your Safello taxes
There are four types of transaction types that you should consider when using Safello. All of these should be considered when declaring your taxes with Skatteverket. If you are using Divly, then the first two will be completely automated for you.
Buy Crypto with Fiat
In Safello, you can purchase crypto using Swish, Klarna, Bankgiro, and SEPA with Swedish Crowns. You can even automate your purchases on a monthly schedule which is a handy feature.
Any purchase you make on Safello will be added to your cost basis (in Swedish, this is called “omkostnadsbelopp”). You should keep track of all your purchases and ensure that you calculate the cost basis correctly using the Average Cost Basis methodology (in Swedish, this is called “genomsnittsmetoden”). For more information see our Swedish Tax Guide. If you have used Divly, then the cost basis calculations will be automated for you.
Trading fees are included in the purchase price when using Safello and should be used to reduce your taxable gains. So if you swished 20,000 SEK for 1 Ethereum, then the cost basis will be 20,000 SEK.
Sell Crypto for Fiat
In Safello you can connect your bank account to be able to sell cryptocurrency for Swedish Crowns.
Selling crypto is a taxable event and should be declared to Skatteverket. This is done by taking the difference of the sale price and the cost basis of the respective cryptocurrency. Profits and losses for each cryptocurrency are summarized and recorded separately in the K4 report. If you have used Divly, then both the calculations and K4 report will be automated for you.
Similar to purchases, trading fees are included in the sale price and should be used to deduct your taxable gains. If you sold 1 Ethereum and received 25,000 SEK, then your sale price is 25,000 SEK.
Withdraw crypto from Safello
When you purchase crypto in Safello, it will automatically be stored in your Safello wallet. If you do not send your crypto to another wallet, then you don’t need to worry about Withdrawals.
If you have withdrawn crypto from Safello to another wallet or exchange, then make sure that the transfer is matched when doing your taxes. Apart from the transfer fee, a transfer is not a taxable event. If you have used Divly, you should manually add this withdrawal as it currently can not be automatically fetched from the Safello API or CSV.
Deposit crypto from Safello
If you have transferred crypto into Safello, then similar to above, this is not a taxable event (apart from the transfer fee).
If you do deposit crypto into the Safello Wallet, then make sure to add these in Divly manually to ensure that your taxes are correct.
Withdrawals and Deposits in Safello prior to the Safello Wallet
Before the introduction of the Safello Wallet (2021-09-27), crypto was not stored in Safello. Instead, users of Safello had crypto sent to a Wallet of their choosing. If this includes you, and you have used other exchanges to trade crypto, then it is important to add deposits / withdrawals manually in Divly to ensure that these transfers are matched.
If you need help or have questions regarding this, feel free to reach out to our trained support staff who can help guide you through the process.
Safello users enjoy a 30% discount when using Divly!
To celebrate our partnership with Safello, anyone with a Safello wallet in Divly will be able to purchase any Divly plan with a 30%* discount.
*The discount applies until 8 March 2024.
To qualify for the discount, you simply need to have imported transactions from Safello in Divly. When going through the checkout process, the discount will be automatically applied. Please note that this discount only applies to purchases made with a credit card. We cannot yet offer this discount when paying for Divly using crypto but hope to do so soon.
Once you have purchased a plan, you will be able to download the Divly Tax Report that includes all the information required to declare your crypto taxes.
If you have used other Wallets or Exchanges, then make sure to import these into Divly too before submitting your taxes to Skatteverket. You can import as many wallets as you want into Divly and still enjoy the discount as a Safello user.
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. This article may contain affiliate links.