pippokeraki

Wow Jokin, I like your attitude! Grumpy because you've eaten up all your gains? This is the English section of the forum and I posted a legit question that was not answered before. If you do not feel like contributing with your knowledge, why bother with meaningless replies and waste yours and my time? Just move on.

It's Germany!

Thanks Jokin, appreciate your advise. I will reach out to EY in due time. For the moment, a reply on the forum on a very general question would suffice.

No, only in Germany. Why?

Hi all during the last few days I did some trading and ended up with some losses. I was thinking on how to deal with Finanzamt in case of losses when holding period was below 1 year. For example: 1) I guess I can offset gains with losses among various coins, and next year I will only pay taxes on the real money gained in 2017? 2) what happens if I end up with only losses? Would I have a tax credit in the amount of losses * marginal tax rate, or that works only for gains? thanks!

Hi Bartio, many thanks for your detailed explanation! I think it makes sense to have a two-fold strategy, and this is what I am doing too. On the second topic, I can't really say much regarding the cultural factor, although I think that a 25% flat rate would increase tax revenues for the German state.. and at times like these, it could be useful.

Hi all new to the forum. I have started trading crypto at the beginning of December 2017, with a background of equity trading. I understand that taxation would follow paragraph 23 of the EStG, with no tax due if the assets are sold after 365 days, otherwise they gains are taxed at one's marginal rate. So how does this affect your trading? Do you follow a buy and hodl strategy, or you try to ride volatility? Also, any hints that taxation for crypto might be aligned to the same method used for shares (25% flat)? Thanks!