How is staking taxed for cryptocurrencies?
I have a question for the tax experts here. How is staking taxed on tax returns? I'm aware that there's a tax-free allowance of €256 for staking, and that any amount you receive above this amount is taxed. Now my question: When is it taxed?
- Possibility: If I exchange the coins I received through staking into euros?
- Option: As soon as the coins credited to my account via staking are credited?! If so, how does the calculation work? Since you receive the coins daily, how can you determine an exact value, given that the price changes every day?
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With the payout in real currency at the time of influx.
what do you understand at the time of influx? Example: I got 500 pieces from Coin A. The coins have a total value of EUR 1000 at the time of sale. So the 1000€ is also taxed. Right?
The profit is deducted from the sale.
Gen BMF letter provides the sale of a so-called private sale business.
The time of inflow means when it was economically available to you and is important in terms of BMF writing (holding deadlines)
@anTTraXX the bad one gets a different answer everywhere, because another thinks it needs to be taxed immediately once you get the coins. However, it would be necessary to note the current course of the day from every coin and that for 365 days.
Simplified yes
I’m sorry I have to ask again, I just think I’m on the hose.
what I receive from Staking is basically all a profit.
So if, for example, today I exchange my coins received by Stake in Euro, will this amount be taxed by that?