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To determine crypto taxes, you need to understand that if you hold a cryptocurrency and there is no immediate profit or loss, the cryptocurrency is not taxed. The tax is only charged when you sell an asset and subsequently receive either cash or units of another cryptocurrency: at this stage, you have “realized” the profit and you have a taxable event.
Almost nobody pays crypto taxes. This is the conclusion reached by the Swedish tax company Divly in a new study. However, the working methods of the investigation possibly caused a badly distorted impression. Recommendation: Tax crypto profits in Germany:…
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