This help page provides guidance on how to record peer-to-peer (P2P) cryptocurrency transfers by uploading them as custom transactions.
1．Introduction
If certain transactions cannot be automatically reflected, you will need to manually input them as Custom transactions in your transaction history.
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Uploading via Custom File
You can reflect your transaction history by entering the transactions into a Custom File and uploading it.
1.1 Sample files
How to upload a Custom File -
Manually Adding Transactions
If you have only a few transactions (e.g., one or two), you can directly add them.
How to manually add transaction history
2. How to Record a Free Transfer to a Third Party in a Custom File
According to the National Tax Agency's "Tax Treatment of Crypto Assets (FAQ)" published in June 2021, when you transfer cryptocurrency to a third party for free, it is considered a sale for tax purposes. Therefore, you should record it as a "SELL" transaction in your custom file. The price should be calculated based on the market value provided by cryptact at the time of the transfer.
EXAMPLE: You gave 0.1 BTC to a friend for free. The market price of 1 BTC at the time was 5,000,000 JPY. This activity should be represented in the custom file as follows:
| Timestamp | Action | Source | Base | Volume | Price | Counter | Fee | FeeCcy | Comment |
| Date | SELL | Anything | BTC | 0.1 | (blank *1) | JPY | 0 | JPY | 任意 |
(*1) If you leave this blank, cryptact will lookup the market price in the settlement currency.
3. How to Record a Gift Received from a Third Party in a Custom File
When you receive cryptocurrency as a gift from an individual, it should be recorded as a "BUY" transaction at its fair market value at the time of receipt. Please note that such gifts may be subject to gift tax, depending on the value and circumstances. It's advisable to consult with a tax professional to determine any tax obligations.
EXAMPLE: You got 0.1 BTC from ayour friend for free. The market price of 1 BTC at the time was 5,000,000 JPY. This activity should be represented in the custom file as follows:
| Timestamp | Action | Source | Base | Volume | Price | Counter | Fee | FeeCcy | Comment |
| Date | BUY | Anything | BTC | 0.1 | (blank *1) | JPY | 0 | JPY | 任意 |
(*1) If you leave this blank, cryptact will lookup the market price in the settlement currency.
* The NTA's FAQ states that "the gross income amount can be set to an amount equivalent to 70% of the market value". Please set the price field at your own discretion accordingly. Please consult your local tax office if you wish to set the price field to something other than the above or the market price.
* Note for the recipient side. If the gift is from an individual, please upload it as a BUY trade at the market price and note that it may be subject to the gift tax. If the gift is not from an individual, please upload it as a BONUS.
Disclaimer
As stated in our Terms of Use, cryptact assumes no responsibility for the content provided above or any consequences arising from it. This information is intended for general guidance only and does not account for individual circumstances. For any uncertainties regarding tax matters, please consult your own tax advisor.