The wider world · 82 / 86 · 3 min

Records

Swaps, sales, and some payments can be tax events. This course is not tax advice. The record is so you can ask someone who is qualified, with numbers instead of guesses.

A worked case

Someone swaps one coin for another and keeps no note because they did not touch dollars. Later they cannot say what the coins were worth that day. A friend in a chat gives them a number. The friend is not a tax agent. The missing record is the problem this page can help with, and only that.

What to keep

Date, what you sold, what you received, the value in dollars that day, and the fees. An exchange export helps until the exchange dies. Keep your own copy.

Ask someone qualified

Rules differ, and they change. A friend in a chat is not a tax agent. A missing record becomes a worse conversation later.

TXKN will not calculate what you owe.

HMRC will not accept a screenshot of a vibe

In the UK, HM Revenue and Customs publishes guidance on cryptoassets. Swaps, sales, and some payments can be disposals. The guidance changes, and it is not the same in other countries. This course is not tax advice and will not calculate what you owe. What it will say is that the people who suffer are the ones who swapped for a year and kept nothing, because the exchange they used later died, or because they thought a swap was not real until dollars appeared.

FTX customers who could still log in for a while after the collapse had a window to download history, and then they did not. Celsius customers met a claims process that wanted amounts and dates. A friend's number in a chat is not a record. A record is the date, what you sold, what you received, the value in dollars that day, and the fees.

Keep your own copy while the export button still works. Take it to someone qualified if you need a bill. Do not take it to this website. We will not become your accountant by being linked from a lesson.

Read it yourself

• HMRC: check if you need to pay tax when you receive cryptoassets
• Celsius Network, a claims process that wanted records

These links are the record. They are not a recommendation, and they are not instructions. A news story or a court paper can still be wrong about a detail. The check does not change because a famous name is in the story.

Apply the check

Open a question. The line is about this topic. It is not a verdict that anything is safe.

Check yourself