Taxation on cryptocurrency in Sweden can appear difficult, but knowing what you are obliged to do is important. There is an updated FAQ guide below that is intended to answer the most frequently asked questions about cryptocurrency taxation in Sweden.
1.Can I use Koinly or Kryptos for reporting my taxes on cryptocurrency?
Yes, both Koinly and Kryptos could be used to help calculate your taxes. Kryptos also will include a detailed tax report that complies with Swedish tax laws.
2.How does the Swedish Tax Authority get information about my crypto?
The Swedish Tax Authority (Skatteverket)is able to request information about taxpayers from 3rd parties. Soon, they will get all transaction reports from international exchanges (anonymized).
3.When should I pay taxes on crypto—when I withdraw it to my bank account or when I receive it in the app?
You are liable for reporting the profits in the tax year that the profits were realized. Profits on transactions using crypto currency count as taxable event even if not converted to SEK
4.Does the Tax Agency recommend any special service?
No, Skatteverket does not recommend any particular apps or calculation tools.
5.Where can I find the Riksbank's official exchange rate for USD to SEK?
Official exchange rates for any currency to SEK (including USD) can be found on the Riksbank website; they are official daily exchange rates.
6.Should I use the exchange rate from the day of the transaction?
Yes, you should always use the Riksbank rate from the date of the transaction.
7.Is there a tax-free profit limit for selling crypto?
No; any profit from selling crypto is taxable regardless of the amount.
8.Can the Tax Agency obtain information on crypto held outside of Sweden?
Yes. Skatteverketcan receive information about transactions carried out on exchanges that are not registered in Sweden. You are required to report all gains and losses.
9. Is it necessary to document staking payouts?
Yes. Each payout should be documented, based on the exchange rate in force on the day the funds are available.
10. How do I report income from locked Ethereum staking?
Staking income is taxed when it is available to you, so if it is not reported for the year, you may have to request a reassessment.
11. Are withdrawal fees deductible?
You cannot deduct withdrawal fees. Under certain circumstances, you can deduct currency exchange fees.
12. What if I had profits followed by losses?
You owe taxes on the profits regardless of subsequent trades resulting in losses.
13. What if the staking reward has no market value?
Report the staking reward with an acquisition value of 0 SEK.
14. Is there a minimum amount I can report?
There is no minimum. You have to report profits on all gains, regardless of amount.
15. Is crypto lending or pledging taxed?
If you are lending or giving to another party, it is viewed as taxable disposal.
Pledging crypto (where ownership is not transferred) is not a taxable transaction.
16. Can I claim losses from a "wash sale"?
Yes. Legitimate losses while trading crypto, even if you repurchase immediately, are deductible.
17. Do I report stacking rewards that are automatically reinvested?
No. You only report rewards when they are available for you to sell, cash out, or take in some other form.
18. What exchange rate should I use for valuation?
Utilize a daily exchange rate from a reliable crypto website consistently and then convert to SEK using the Riksbank rate.
19. Are crypto-to-stock exchanges taxable?
Yes. Exchanging crypto for either stock or any other asset qualifies as a fully taxable sale.
20. Are losses from fraud or other collateral considered?
Losses are not deductible for tax purposes due to fraud or other collateral.
| Step | Form | Purpose | Action |
|---|---|---|---|
| 1 | 1099-DA | Reports digital asset sales or exchanges | Use to fill out Form 8949. |
| 2 | Form 1099-MISC | Reports miscellaneous crypto income | Use to fill out Schedule 1 or C. |
| 3 | Form 8949 | Details individual transactions | List each transaction here. |
| 4 | Schedule D | Summarizes capital gains/losses | Transfer totals from Form 8949. |
| 5 | Schedule 1 | Reports miscellaneous income | Include miscellaneous income (if not self-employment). |
| 6 | Schedule C | Reports self-employment income | Include self-employment income and expenses. |
| 7 | Form W-2 | Reports wages (if paid in Bitcoin) | Include wages in total income. |
| 8 | Form 1040 | Primary tax return | Summarize all income, deductions, and tax owed. |
| Date | Event/Requirement |
|---|---|
| January 1, 2025 | Brokers begin tracking and reporting digital asset transactions. |
| February 2026 | Brokers issue Form 1099-DA for the 2025 tax year to taxpayers. |
| April 15, 2026 | Deadline for taxpayers to file their 2025 tax returns with IRS data. |
| Timeline Event | Description |
|---|---|
| Before January 1, 2025 | Taxpayers must identify wallets and accounts containing digital assets and document unused basis. |
| January 1, 2025 | Snapshot date for confirming remaining digital assets in wallets and accounts. |
| March 2025 | Brokers begin issuing Form 1099-DA, reflecting a wallet-specific basis. |
| Before Filing 2025 Tax Returns | Taxpayers must finalize their Safe Harbor Allocation to ensure compliance and avoid penalties. |
| Feature | Use Case Scenario | Technical Details |
|---|---|---|
| Automated Monitoring of Transactions | Alice uses staking on Ethereum 2.0 and yield farming on Uniswap. Kryptos automates tracking of her staking rewards and LP tokens across platforms. | Integrates with Ethereum and Uniswap APIs for real-time tracking and monitoring of transactions. |
| Comprehensive Data Collection | Bob switches between liquidity pools and staking protocols. Kryptos aggregates all transactions, including historical data. | Pulls and consolidates data from multiple sources and supports historical data imports. |
| Advanced Tax Categorization | Carol earns from staking Polkadot and yield farming on Aave. Kryptos categorizes her rewards as ordinary income and investment income. | Uses jurisdiction-specific rules to categorize rewards and guarantee compliance with local tax regulations. |
| Dynamic FMV Calculation | Dave redeems LP tokens for Ethereum and stablecoins. Kryptos calculates the fair market value (FMV) at redemption and during sales. | Updates FMV based on market data and accurately calculates capital gains for transactions. |
| Handling Complex DeFi Transactions | Eve engages in multi-step DeFi transactions. Kryptos tracks value changes and tax implications throughout these processes. | Manages multi-step transactions, including swaps and staking, for comprehensive tax reporting. |
| Real-Time Alerts and Updates | Frank receives alerts on contemporary tax regulations affecting DeFi. Kryptos keeps him updated on relevant changes in tax laws. | Observe regulatory updates and provide real-time alerts about changes in tax regulations. |
| Seamless Tax Reporting Integration | Grace files taxes using TurboTax. Kryptos integrates with TurboTax to import staking and yield farming data easily. | Direct integration with tax software like TurboTax for smooth data import and multi-jurisdictional reporting. |
| Investor Type | Impact of Crypto Tax Updates 2025 |
|---|---|
| Retail Investors | Standardized crypto reporting regulations make tax filing easier, but increased IRS visibility raises the risk of audits. |
| Traders & HFT Users | To ensure crypto tax compliance, the IRS is increasing its scrutiny and requiring precise cost-basis calculations across several exchanges. |
| Defi & Staking Participants | The regulations for reporting crypto transactions for staking rewards, lending, and governance tokens are unclear, and there is a lack of standardization for decentralized platforms. |
| NFT Creators & Buyers | Confusion over crypto capital gains tax in 2025, including the taxation of NFT flips, royalties, and transactions across several blockchains. |
| Crypto Payments & Businesses | Merchants who take Bitcoin, USDC, and other digital assets must track crypto capital gains for each transaction, which increases crypto tax compliance requirements. |
| Event | Consequences | Penalties |
|---|---|---|
| Reporting Failure | The tax authorities can mark uncontrolled revenues and further investigate. | Penalty fines, interest on unpaid taxes and potential fraud fees if they are deliberately occurring. |
| Misreporting CGT | Misreporting CGT Error reporting profits or losses can trigger the IRS audit. | 20% fine on under -ported zodiac signs, as well as tax and interest. |
| Using decentralized exchanges (DEXs) or mixers without records | The IRS can track anonymous transactions and demand documentation. | Possible tax evasion fee and significant fine. |
| Disregarding Bitcoin mining tax liabilities | Mining reward is considered taxable income, and failure of the report can be regarded as tax fraud. | Further tax obligations, punishment and potential legal steps. |
| Foreign crypto holdings: Non-disclosure | Foreign-accepted crypto FATCA may be subject to reporting rules. | Heavy fines (up to $ 10,000 per fracture) or prosecution for intentional non-transport. |
