Okay Anons staking is soon so lets talk taxes.
Any ideas to optimize tax whilst staking links?
How high are taxes on staking rewards?
How not to loose tax free status whilst staking?
STAKING & STEUERN
Liam Howard
Grayson James
Dude sehrgay is exit scamming in 5 days so don't worry about it. On top of that staking is illegal I'm Germany (I work in finance) it's a special kind of security that got outlawed under current jurisdiction. They'll need 5 years to understand what it actually is to adjust the laws. So let's say I'm 8years earliest.
Oh yeah and
Fick Hausmeister!
Jordan Phillips
split stack into 2 different wallets, have
wallet a) hold stack
wallet b) stack you stake from, where staking rewards go & where you hold LP shares
a) hold for a year = tax free cash out
b) pay tax on rewards & stack in wallet b) must now be held for 10 to get tax free cashout or pay cgt when cash out. so don't ever cash out this stack
Robert Adams
just treat it as interest and pay tax on it. cash out the rest taxfree.
the 10 year crab was introduced because of containers, did you know that? it doesnt apply to crypto nor gold
Aaron Peterson
can some germanon here help me out on something offtopic. today i did research on crypto taxes in germany and ive read that if youve been holding for a year you can cash out without paying taxes. ive been holding BAT for over a year now. would i be able to cash out without paying taxes. does it even apply to BAT since a uitility token and not really crypto? do lawmaker boomers differentiate in this case at all?
Dylan Allen
warum eiert hans immer wegen da stoiar, i far dreier bmw und zahl nix
Thomas Martinez
you can just cash out, you may need to provide the transaction history of you buying BAT tho. If you bought ETH/BTC first you need to provide that too
Brandon White
>ive been holding BAT for over a year now. would i be able to cash out without paying taxes.
yes you can cash out and you dont have to pay taxes.
>does it even apply to BAT since a uitility token and not really crypto?
>do lawmaker boomers differentiate in this case at all?
it applies to every crypto, in the eyes of the law this is not money and basically all the same.
c) stack and take out a loan because a loan is not taxable income
Camden Nelson
sounds cool. i have never bought BAT though and got it for free simply for using brave browser, but im planning of buying some. if i understand correctly i would have to pay taxes on the profit that i made, so if i bought at .35 and it goes to 1$ id have to tax the .65 profit? sorry im a brainlet when it comes to this
Eli Gray
Staking wird komplett versteuert. jeden gewinn musst du komplett versteuern. für die steuererklärung musst du die herkunft deiner gains lückenlos nachweisen.
alles was du nicht nachweisen kannst, bsp. durch hilfe von cointracking.info, wird komplett als gewinn angerechnet.
Mein Tipp:
Nicht staken, die gains sind den dokumentationsstress nicht wert.
Tipp #2:
XCM kaufen und hodlen. Insidertipp. lies den Artikel und überlegs dir dann zu investieren.