3 ms·
IANAL (but German): I am only aware that you have to pay taxes on gains. I'd be pretty sure (or very much surprised) if you had to pay e.g. $50 in taxes after b
by archi42 4y ago
IANAL (but German): I am only aware that you have to pay taxes on gains. I'd be pretty sure (or very much surprised) if you had to pay e.g. $50 in taxes after buying $200 of crypto, losing half of it and then converting the remaining $100 back to cash. So given your example you report $20 gained on the transaction and pay $10 in taxes.
If you've to pay taxes in German and move serious amounts of money (be it stock or crypto): Get a tax accountant and setup some tax avoi... optimization. I feel like our system essentially demands this.
Oh, I'm lazy and always do tax estimates with 50% instead of 45%.