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Top 10 mistakes when declaring crypto in Spain (and how to avoid them)

The most common errors Spanish crypto investors make in their declarations.

Equipo kointax·February 7, 2026·6 min read

Top 10 crypto declaration mistakes in Spain

  1. FIFO per exchange (not global) — AEAT requires global FIFO across all exchanges
  2. Staking as capital gain — Staking = capital income (different tax form)
  3. Ignoring crypto-to-crypto swaps — BTC→ETH is a taxable event
  4. Forgetting secondary exchanges — ALL exchanges must be declared
  5. Not declaring losses — Losses offset gains, reducing your tax
  6. Marking own-wallet transfers as sales — Transfers between your wallets = not taxable
  7. Ignoring airdrops — Airdrops = capital income at market value when received
  8. Forgetting Models 172 and 173 — Mandatory for foreign exchanges (January deadline)
  9. Wrong acquisition cost for crypto-to-crypto buys — Acquisition cost = market value of crypto paid
  10. No record-keeping — Keep exchange CSVs for 5+ years

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