This drop is to drive people out of the market, make them afraid and sell. Next month the feed will meet again with a reduction in the interest rate of 0.25%.
I see a lot of people posting their accounts asking whether to sell or buy.
I'll just say it once, Cryptos are an investment for life, of course everyone has a different profile, some are patient, others want immediate gains.
However, we all know that investments are things that apparently always have an option to understand the reality behind every operation.
Be patient, American interest rates are falling below the 1% annual interest target, in other words, everything will conspire in favor of the largest cryptos that are in the top 5.
$ 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.