KpopStarletShineBrightness
Sun Jun 09 2024
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7 answers
1519
How much tax is taken from crypto?｜Short-term capital gains for US taxpayers from crypto held for less than a year are subject to going income tax rates, which range from . Long-term capital gains on profits from crypto held for more than a year have a 0-20% rate.10-37% based on tax bracket and income
Could you please clarify how taxes are calculated on cryptocurrency transactions? I understand that for US taxpayers, short-term capital gains from crypto held for less than a year are taxed according to the standard income tax rates. However, I'm not quite sure about the long-term capital gains. Do profits from crypto held for more than a year have a fixed tax rate of 0-20%, or does it vary based on tax brackets and individual income? Could you also provide an example or further explanation to help me understand this better?
GinsengBoostPowerBoost
Sun Jun 09 2024
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5 answers
978
How much tax for crypto in Germany?｜In Germany, cryptocurrency income and short-term capital gains are taxed . Long-term capital gains are tax-free. Crypto-to-crypto trades are considered taxable disposals. You'll pay tax if you've held your cryptocurrency for less than 12 months.between 0-45%
How does Germany tax cryptocurrency? I've heard that both income and short-term capital gains are taxed, but what about long-term gains? Are they also taxed? And what about crypto-to-crypto trades? Are they taxable as well? Additionally, I'm curious about the tax rate. Is it a flat rate or does it vary depending on the amount of profit? Could you please elaborate on the tax brackets or rates for cryptocurrency in Germany? Is it between 0-45%?
EclipseChaser
Sun Jun 09 2024
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6 answers
977
Is crypto tax free in Germany?｜In Germany, cryptocurrency income and short-term capital gains are taxed between 0-45%. Long-term capital gains are tax-free. Crypto-to-crypto trades are considered taxable disposals. You'll pay tax if you've held your cryptocurrency for less than 12 months.
Is cryptocurrency exempt from taxation in Germany? Could you clarify the tax regulations surrounding it? I've heard that income and short-term gains from crypto transactions are taxed, but I'm not sure about the rates. Do they range from 0 to 45%? Also, I've heard that long-term capital gains are tax-free. Is this accurate? Additionally, are crypto-to-crypto trades taxed as disposals? And if I hold my cryptocurrency for less than 12 months, will I be required to pay tax on it? Could you please provide a concise explanation of these tax obligations?
