In Germany, the tax-free sale of your coins applies after a holding period of one year in accordance with Section 23 EStG (private sales transactions). If you sell your coins before the end of the one-year holding period, the profit is generally taxable, regardless of whether you subsequently use the money, transfer it or leave it in your account. Sales within one year of the purchase date are taxable, and profits from such sales must be declared in your income tax return.
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4D
@Bullnbear This is not entirely correct. Up to €600 from (all) sales transactions, gains <1 year holding period are also tax-free (also applies to gold, for example).
https://www.smartsteuer.de/online/steuerwissen/kryptowaehrung-und-steuererklaerung/#:~:text=17.06.2021%20bestätigt.-,Freigrenze,der%20gesamte%20Betrag%20versteuert%20werden.
https://www.smartsteuer.de/online/steuerwissen/kryptowaehrung-und-steuererklaerung/#:~:text=17.06.2021%20bestätigt.-,Freigrenze,der%20gesamte%20Betrag%20versteuert%20werden.
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@six isn't it 1000 from 24?
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•@six The 🚽 penny of €600 wasn't worth mentioning to me. That's quickly reached.
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•4D
@Bullnbear yes, but certainly not for everyone 😂 (and the creator didn't mention a sum. It may be less than €600, in which case the whole question is superfluous)
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•@six No, from the 2024 tax year.
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