Maria
Sun Jun 09 2024
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5 answers
994
How are trusts taxed in Germany?｜Generally, distributions from U.S. trust assets are capital gains (Section 20 (1) no. 9 German Income Tax Act, EStG). These are .subject to a capital gains tax of 25 percent for a domestic beneficiary
Could you kindly elaborate on how trusts are taxed in Germany? I've heard that distributions from US trust assets are typically treated as capital gains. Could you provide some more detail on this? Specifically, does the German Income Tax Act, EStG, Section 20 (1) no. 9 indeed state that these distributions are subject to a capital gains tax? And if so, what is the rate of this capital gains tax for a domestic beneficiary? Is it indeed 25 percent? Thank you for clarifying this matter for me.
Bianca
Sun Jun 09 2024
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6 answers
1403
Does Hong Kong tax Bitcoin?｜Tax status of cryptocurrencies: Cryptocurrencies are currently not recognised as currency or legal tender in Hong Kong and . However, cryptocurrencies may be treated as assets and subject to taxation as capital gains.their exchange is not subject to value added tax (VAT)
Does Hong Kong levy taxes on Bitcoin? I'm curious about the tax status of cryptocurrencies in the region. Are cryptocurrencies recognized as legal tender or currency in Hong Kong? Or do they fall into a different category? If they're not recognized as currency, does that mean they're taxed differently? Could cryptocurrencies be taxed as assets, perhaps as capital gains? And, regarding their exchange, is it exempt from value-added tax (VAT)? It would be helpful to know how Hong Kong treats cryptocurrencies for tax purposes.
MysticInfinity
Sun Jun 09 2024
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5 answers
1703
Is crypto taxed in Russia?｜For Russian citizens, income derived from selling cryptocurrencies is subject to personal income tax at a rate of 13%. Profits from investing in cryptocurrencies are taxed as capital gains at a rate of 13%.
Excuse me, could you please clarify something for me? I'm curious to know if cryptocurrencies are taxed in Russia? For instance, if a Russian citizen sells their cryptocurrencies, would they be required to pay personal income tax on the proceeds? And at what rate would this tax be imposed? Also, would profits gained from investing in cryptocurrencies be taxed differently, perhaps as capital gains? If so, could you specify the tax rate for such gains? Thank you for your assistance in clarifying this matter.
AzurePulseStar
Sun Jun 09 2024
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6 answers
1574
Can I claim crypto losses on my taxes?｜. If your total capital losses exceed your total capital gains, US taxpayers can deduct the difference as a loss on your tax return, up to $3,000 per year ($1,500 if married filing separately).Yes , you can write off crypto losses on taxes even if you have no gains
Can I actually claim my losses in cryptocurrency on my taxes? I've heard that if my total capital losses outweigh my gains, there's a possibility of deducting the difference. Is this accurate? Also, would this deduction be limited to a certain amount per year? And another thing, what if I haven't had any gains? Would I still be able to write off my losses? I'm really curious about this, so could you please clarify?
SsangyongSpirit
Sat Jun 08 2024
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7 answers
1823
Do I have to pay taxes if I lost money on crypto?｜. If your total capital losses exceed your total capital gains, US taxpayers can deduct the difference as a loss on your tax return, up to $3,000 per year ($1,500 if married filing separately).Yes, you can write off crypto losses on taxes even if you have no gains
Hello there, I have a question regarding cryptocurrency and taxes. So, do I actually need to pay taxes if I've lost money investing in crypto? I've heard that if my total losses are greater than my gains, I might be able to deduct some of that loss on my tax return. Is that true? And if so, how much can I deduct? Also, can I still write off my crypto losses even if I haven't made any gains this year? I'm just trying to get a clearer understanding of the tax implications of investing in crypto. Could you help me with that?
