For those who purchased cryptocurrencies several years ago at significantly lower prices than today’s, it may be beneficial to take advantage of the option to revalue selected assets by assigning them a new acquisition price based on their market value as of January 1, 2023.
Read this article to learn how to apply the Rideterminazione on CryptoBooks.
How to apply the Rideterminazione 2023
ℹ️ Important notice
This function is only available to users whose tax residence is in Italy and who file their tax return in Italy.
It is not provided for by the tax regulations of other countries.
Follow thse simple steps to properly apply the Rideterminazione 2023 on CryptoBooks:
Request the stock report as of 31 December 2022 to verify the total quantity of tokens/currency held that you want to redetermine
Enter a manual WITHDRAWAL transaction with the Rideterminazione category, specifying the currency and the total quantity taken from the stock report
By indicating a transaction with the Redetermination category, the currency will automatically be set with the date and market price as of 01 January 2023.
Then enter a manual DEPOSIT transaction with the same currency, category (Rideterminazione), and the same amount. This transaction timestamp will be one minute later than the outgoing one and the new charging price for the token will be the market value at 01 January 2023.
Done! The currency is now redetermined