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> I believe that the moment you hold valuable assets (i.e. any value of crypto currency) in any wallet, then you should report that (even now). First I hear of
by Semaphor 5y ago
> I believe that the moment you hold valuable assets (i.e. any value of crypto currency) in any wallet, then you should report that (even now).
First I hear of that. In Germany, you have to report gains you got from trading/selling (both crypto-to-fiat and crypto-to-crypto), but not simply buying any. Do you have a source?
- tiluha 5y agoMore specifically, you only have to report gains if you sold within one year of buying
- oktoberpaard 5y agoIn The Netherlands you have to report the total value (in euros) on the reference date because we have capital tax instead of capital gains tax. I don’t believe that you have to specify your wallet address(es).