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Ph1l1pp
@Ph1l1pp
2Mo·

Crypto - Partial sales | Taxes


I expect a major correction at the psychologically important $100,000 mark at $BTC (-1,21 %) or in Q1 at the latest (overall market).


This will also affect $SOL (+4,11 %) , $ETH (-2,12 %) and $AVAX (+0,38 %) - my other positions. So I will start to realize partial profits.


My total crypto portfolio currently stands at just over €85,000, and I want to take around 15% of that (approx. €12,750) in profits.


-> I plan to reinvest these later as a futures position with a small leverage of 2-3x.


  • I have a non-assessment certificate for 2024 (tax exemption for interest and distributions).


  • However, as I have no active income, I am unsure what my personal income tax rate is - at which crypto gains are taxable under the one-year holding period.


My first major positions are expected to be tax-free from June/July 2025 (approx. €15,000-20,000).


Does this make sense, considering the rather large portion in call money (70k), which is also intended for subsequent purchases?


Does anyone have experience or a contact who is well versed in the tax treatment of crypto gains?


Credits @Testo-Investor 🫶🏼

6Positions
292 233,81 €
17,17 %
22
19 Commentaires
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Testo-Investor@Testo-Investor
2Mo
Awesome guy! Proud of you 💪💪💪💪 #fullthrottle
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All-in-or-nothing@All-in-or-nothing
2Mo
@Testo-Investor Why exactly🤔? His portfolio only consists of around 30% BTC and crypto, which is a far cry from your almost 100%😅🤷🏼‍♂️
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Testo-Investor@Testo-Investor
2Mo
@All-in-or-nothing because he is totally young and has balls.... I don't know any 18 year old who manages his portfolio himself? :-) you ? Yes, I have to take more risk too... I'm an old fart 😂😂
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All-in-or-nothing@All-in-or-nothing
2Mo
@Testo-Investor got your point, that definitely deserves respect, I'm right there with you dir💪🏻 Haha, come on, you can't be that old with your mindset😉 I definitely love your all-in mentality, even if it's not for me in terms of toughness and consistency wäre👌🏻 (which is always down to personal circumstances to a certain extent😅).
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Stefan21@stefan_21
2Mo
Regarding taxes, you can take a look at CoinTracking. As far as I know, you can also book online consultations there :)
Otherwise, every tax advisor should have some idea of the topic by now😅
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Testo-Investor@Testo-Investor
2Mo
@stefan_21 Would you be sure about that in Germany? 😂😂 we are still talking about
still talking about digitization in 2024
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Ph1l1pp@Ph1l1pp
2Mo
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Stefan21@stefan_21
2Mo
@Testo-Investor You're right again😂😂
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Ph1l1pp@Ph1l1pp
2Mo
@stefan_21 I generally have to enter all my transactions in CoinTracking, but there must be over 200 🤒
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Stefan21@stefan_21
2Mo
@Ph1l1pp you can save something with Code Blocktrainer, for example, and if you pay with Bitcoin you get a few more percent :)
I think the price for CoinTracking Premium is relatively fair. At least you don't have to worry about the annoying tax issue anymore
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Ph1l1pp@Ph1l1pp
2Mo
@stefan_21 I'll take a look at the advice, thank you very much
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Nico@xkniggo
2Mo
something else: if i have understood correctly, you are only 18 years old, may i ask how you have already reached such a high sum at that age? :)
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Ph1l1pp@Ph1l1pp
2Mo
@xkniggo the majority (unfortunately) comes from an inheritance :/
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Nico@xkniggo
2Mo
@Ph1l1pp i don't know the circumstances, but i would still like to express my condolences and also my respect that you have invested the money so wisely. all the best for you :)
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Ph1l1pp@Ph1l1pp
2Mo
@xkniggo Thank you in two ways :)
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Krush82@Krush82
2Mo
You've done a lot right so far, stick with it and maybe you'll reach your goal.
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Ph1l1pp@Ph1l1pp
2Mo
@Krush82 Thanks for the update, I'd forgotten all about it 😅

Maybe I'll extend it to: 100 million to 100 years 🪦
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LOWIQ@lowiqinvesting
1Mo
As far as I know, the NV certificate also applies to crypto profits under 1 year, i.e. if you already sell now, you go beyond the scope and cannot use the NV certificate, I hope I read that correctly
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Ph1l1pp@Ph1l1pp
1Mo
@lowiqinvesting Thank you for your answer. Unfortunately, the non-assessment certificate does not apply to crypto. However, there is an allowance of €1000, which is of little use to me 😆
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