Nobody wants to fall into the fine mesh, right? Therefore, if you have not yet completed the 2022 annual income tax return (IR), you should do so. In addition to the deadline (declarations must be made by May 31), the Federal Revenue changed the codes of the “Assets and rights” form. That is, it is important to take time to understand such changes.
So keep an eye on the changes to complete your tax return without making mistakes. Even because those who make mistakes in their data run the risk of ending up in the famous fine mesh without any need. Check out the full text and learn more about the codes.
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This is one of the most common forms used when submitting bills to the IRS, allowing the organization to determine whether the taxpayer's assets match their income.
In practice, the codes were separated into nine large groups, making it easier to fill in the Income Tax, since previously the user had to search for more than 70 items at the time of declaration.
But now it's much easier! When filling out the form, just look for the group and then the code that best categorizes the item you want to declare.
Therefore, see below the codes that were changed by the Federal Revenue in the file of goods and rights of the Income Tax declaration:
1 – Real Estate;
2 – Movables;
3 – Partner participation;
4 – Applications and Investments;
5 – Credits;
6 – Sight and Cash Deposit;
7 – Funds;
8 – Crypto Assets;
99 – Other Assets and Rights.
It is also very important to pay attention to details related to investments in cryptocurrencies. So, now see the codes that were defined for each category:
1 – Crypto Asset Bitcoin – BTC;
2 – Other cryptocurrencies (Altcoins);
3 – Crypto Assets (Stable coins);
10 – Crypto Assets (NFTs: Non-Fungible Tokens);
99 – Other crypto assets.