Cryptocurrency investors already know that the taxation of the asset underwent changes in 2024, how the end of the exemption for sales of up to R$ 35 thousand per month (capital gain). Meanwhile, many prefer to keep investments in self-custody, what can be advantageous in some aspects, but more dangerous in others. And it is precisely in the control of taxes that there may be some problem, leading the investor to losses. Luis Fernando Cabral, investment specialist accountant, partner of Trader's Accountant, explain that correct taxation can help maximize profits
"Those who like to invest in cryptocurrencies are looking to multiply their profits and achieve a return above the market". For this to happen, many investors prefer to do everything alone, from applications to accounting. If, on one hand, this helps investors have greater control over their investments, on the other hand, the opposite can happen, that is, lose what was invested, besides letting some detail slip in the accounting, says the expert
In the first place, by keeping crypto assets in self-custody there is a risk of losing passwords and access keys and harming data storage. Experts on the subject recommend a backup, besides writing down the passwords on a piece of paper, in the best traditional style. Meanwhile, it's not just 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 property in the 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", highlights Luis Fernando
The end of the year, according to the expert, it is an excellent opportunity for the crypto asset investor to put on paper and do all the calculations of the gains and losses they had throughout the year, to be able to start the new fiscal year on time with your investment information. "And this is the caveat of those who make investments in self-custody", it is the risk of missing some information and some deadline. After all, a specialized accounting on the subject will keep this information since the beginning of the year, explain the counter
