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Transaction Mapping - CARF
See below for the CARF transaction types and how they map from the specific Taxbit transaction types. All of these transactions are generally reportable under CARF to the extent a digital asset is involved.
Please note: These transaction types are only relevant to the extent either the Sent or Received asset is a digital asset that is not considered a SEMP (i.e., stablecoin) for CRS purposes.
CARF Subtype: Exchange
|
Relevant Transaction Type |
Subtype Enum (i.e., “Exchange Type”) |
Taxbit Transaction Type |
Taxbit Subtype |
|
CryptoFiatIn The receipt of crypto, in exchange for fiat
|
N/A
|
Buy |
N/A |
|
Trade |
N/A |
||
|
CryptoFiatOut The disposal of crypto, in exchange for fiat |
N/A |
Sell |
N/A |
|
Trade |
N/A |
||
|
CryptotoCryptoIn The receipt of crypto, in exchange for crypto |
N/A |
Trade Received asset Neither asset is classified as a SEMP |
N/A |
|
CARF403 – Wrapping |
Cost-Basis-Transfer Received asset |
Wrapping |
|
|
CryptotoCryptoOut The disposal of crypto, in exchange for crypto |
N/A |
Trade Sent asset Neither asset is classified as a SEMP |
N/A |
|
CARF403 – Wrapping |
Cost-Basis-Transfer Sent asset |
Wrapping |
CARF Subtype: Transfer In
|
Relevant Transaction Type |
Subtype Enum |
Taxbit Transaction Type |
Taxbit Subtype |
|
CryptoTransferIn The one-sided receipt of crypto |
CARF501 – Airdrop |
Income |
Airdrop |
|
CARF502 – Staking income |
Income |
Staking-Reward |
|
|
CARF503 – Mining income |
Income |
Mining |
|
|
CARF504 – Crypto loan Indonesia guidance: transfer originating from a crypto asset loan |
Deposit |
Loan |
|
|
CARF505 – Transfer from another RCASP |
Deposit |
RCASP |
|
|
Unstake |
N/A |
||
|
CARF506 – Sale of goods or services |
Income |
Payment-Goods |
|
|
Payment-Services |
|||
|
CARF507 – Collateral |
Deposit |
Collateral |
|
|
CARF508 – Other |
Deposit |
N/A |
|
|
Blockchain |
|||
|
Cost-Basis-FMV |
|||
|
Gift |
|||
|
Inheritance |
|||
|
Card-Reward |
|||
|
Income |
Blank or not listed above |
||
|
Trade Received asset Sent asset is a SEMP |
N/A |
||
|
CARF509 – Unknown |
Deposit |
Unknown |
CARF Subtype: Transfer Out
|
Relevant Transaction Type |
Subtype Enum |
Taxbit Transaction Type |
Taxbit Subtype |
|
CryptoTransferOut The one-sided disposal of crypto |
CARF601 – Transfer to another RCASP |
Withdraw |
RCASP |
|
Stake |
N/A |
||
|
CARF602 – Crypto loan May be inclusive of interest paid |
Withdraw |
Loan-Repayment |
|
|
CARF603 – Purchase of goods or services |
Expense FMV <= $50,000 |
Payment-Goods |
|
|
Payment-Services |
|||
|
Fee |
|||
|
Any Crypto Transaction Fee |
N/A |
||
|
CARF604 – Collateral |
Withdraw |
Collateral |
|
|
CARF605 – Other |
Withdraw |
N/A |
|
|
Withdraw |
Gift-Sent |
||
|
Withdraw |
Blockchain |
||
|
Withdraw |
Gift |
||
|
Trade Sent asset Received asset is a SEMP |
N/A |
||
|
Expense |
N/A |
||
|
Refund-Goods |
|||
|
Refund-Services |
|||
|
CARF606 – Unknown |
Withdraw |
Unknown |
CARF Subtype: Transfer Wallet
|
Relevant Transaction Type |
Subtype Enum |
Taxbit Transaction Type |
Taxbit Subtype |
|
Transfer Wallet |
TransferWallet Wallet not associated with another RCASP (e.g., cold storage wallet) |
Withdraw |
Cold-Wallet |
CARF Subtype: RRPT
|
Relevant Transaction Type |
Subtype Enum |
Taxbit Transaction Type |
Taxbit Subtype |
|
RRPT |
RRPT (Reportable Retail Payment) |
Expense FMV > $50,000 |
Payment-Goods |
|
Payment-Services |