Shitcoin A and Shitcoin B merge with Shitcoin C and become Shitcoin D... very promising😅
As you then receive Shitcoin D, you can then sell it. Attention: Since A becomes D, this is a taxable transaction and will be assessed by the tax office as if you were making a sale and a purchase. This means that you would have to pay full tax on the previous profit at the time of the swap if you have not yet completed the one-year holding period.
As you then receive Shitcoin D, you can then sell it. Attention: Since A becomes D, this is a taxable transaction and will be assessed by the tax office as if you were making a sale and a purchase. This means that you would have to pay full tax on the previous profit at the time of the swap if you have not yet completed the one-year holding period.
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@stefan_21 It is a merge and not a swap. The tax holding period therefore remains in place ;)
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@Max095 I would ask the tax consultant I trust. A friend of mine is a tax consultant and he said that a completely new coin is being created. If only the name of the coin had been changed, it would be different. If 3 Shitcoins suddenly become a completely new one, according to him it is to be considered a sale and a new acquisition. However, opinions certainly differ from tax consultant to tax consultant. If I were you, I wouldn't be sure that the tax office would see it the same way as dum
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