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Yes, taxes on the profit with interest applied. Finland. Extra warning: ensure your country allows individual cryptocurrency investors to reduct losses from w
by nov272019 7y ago
Yes, taxes on the profit with interest applied.
Finland.
Extra warning: ensure your country allows individual cryptocurrency investors to reduct losses from winnings. Without such law, if you win 100 dollars and then lose 100 dollars, you would still owe the government taxes while you are at 0. This is the case in surprisingly many countries.
- jtx22 7y agoYou should have run this operation out of Dubai or a similar haven.
- Twirrim 7y agoThere was a "fun" post on reddit with someone that made a fortune out of bitcoins a few years ago when there was that big surge, who then managed to lose it all via some poorly thought out cryptocurrency trading. He'd found himself with an enormous capital gains tax bill he couldn't pay off. It hadn't occurred to him at all that the profits on bitcoin trading would be taxable.