in Germany, if you've been holding your crypto assets for a year, you're allowed to cash out without paying any taxes
Am I right in assuming the smartest thing would be to swap everything you plan to cash out to a stablecoin (like USDT), wait a year, and then swap all the USDT to euros?
Crypto taxes in Germany
Aaron Stewart
Luke Barnes
No shit
Landon Murphy
>turning your fake internet money into an inferior form of money
i wouldn't be surprised if people stop doing this in a year or so anyway lol
Brody Myers
I'm not 100% sure if there are any flaws in the logic, restricting laws I don't know about or if there's a better alternative, which is why I was asking
Benjamin Morgan
enjoy your rapefugees hahah
Dylan White
Your country is the biggest enemy of humanity and personal freedom today and you should feel bad you shit cancer.
Levi Allen
suck merkels asshole clean tax nerd
Easton Mitchell
but i think the transaction from crypto to stable coin is a taxable event if you did not hold your coins for atleast a year.
Andrew Morales
yes and i believe you can even be taxed for a loss
Aiden Adams
What happens if you take your crypto gains and directly buy physical gold with them? I know the government could in theory track these purchases, but would they? Especially if you do it incrementally?