Company employee doing Crypto on the side

A little background

I’ve been an employee for more than a decade and have been in and out of Japan, with an intra-company visa and decided to enter crypto early 2022 and finally moved to Japan last year, September 2023 have an engineer’s visa right now.

Coming from a crypto tax free country to Japan, i don’t really have a habit of recording my transactions and is quite clueless with everything tax related. I already saved and will further digest the Tax guide from this sub reddit along the pdf guide from NTA, but my questions for now are

  1. i already have crypto before coming to japan, is selling them from the date i moved means it is taxable? what should be the “buying price” from the price i bought it before coming to japan? from what i read its from your original buying price, but i already swapped a lot of tokens to other tokens already so kinda loss what should be the starting point (token swaps happened before and after coming to japan, only had some FIAT to Crypto txn, most of what i have was before coming to Japan)

  2. i did a lot of memecoins on Solana this year, i have a lot of txns, is it needed to create a report for every token?

  3. is it something i should mention to my employer as miscellaneous income, or i can process that myself? haven’t informed them yet.

  4. this year, i received a good amount of airdrops, and in total, it will probably be over 200k yen. i will need to make a summary though because i also had a lot of losses. any good tool to summarize everything? saw Koinly and its nice since even crypto wallets can be added but asking if there is a better one before i buy the paid plan for the reports.

by bats4

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