The 7 most common mistakes when declaring crypto in Spain

1. Not declaring losses — mandatory, and needed for 4-year offset
2. Not filing Models 172 and 173 — mandatory for foreign exchange accounts (€250/error fine)
3. Treating swaps as non-taxable — every crypto swap is a taxable "permuta" in Spain
4. Not including fees correctly — buy fees add to acquisition cost; sell fees reduce sale price
5. Wrong FIFO method — Spain requires global FIFO per asset, not per exchange
6. Misclassifying staking — staking is "capital income", not capital gain
7. Forgetting Model 720 — mandatory for >€50,000 in foreign exchanges

kointax prevents all 7 mistakes automatically.

👉 Avoid crypto declaration mistakes with kointax