They only want to be partners when there are gains, if the person is at a loss they throw them out.

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b$Declaring cryptocurrencies on your income tax return in Brazil is mandatory. The IRS requires that the gains be reported on the Income Tax Return (DIRPF).

*What is considered a gain?*

- Sale of cryptocurrencies for a value higher than the acquisition cost
- Exchange of cryptocurrencies for reais or other currencies
- Receipt of cryptocurrencies as payment

*How to declare?*

1. Report the gains on the "Capital Gains" tab
2. Use the value of the currency in reais at the time of sale or exchange
3. Calculate the net gain (sale value - acquisition cost)

*Required documentation:*

- Bank statements
- Exchange transaction history
- Proof of purchase and sale

*Deadline:*

- Income Tax Return: by April 30
- Payment of tax: by June 30

Consult a specialized accountant to ensure the correct declaration. The IRS may request additional documentation.

Remember that rules may change, so it is important to check the updated information on the Brazilian Federal Revenue website.