/biz/ - Business & Finance

ITT: Cuck General

So I did my Austrian Einkommensteuer taxes one week ago on the finanzonline web page, also citing crypto trading gains (should in principle officially be done till end of this month).

Take the following as info or ignore it. I know people get super angry if you mention crypto taxes. Yes!, nobody likes to pay taxes but some people think getting your hands clean is worth it. I have small trading gains but would like to have done it clean in case crypto moons and I withdraw throusands from the exchanges at one point. Over 15k transfers it's noted, or some sum like that.

Okay, so here's more general info for Austria btw.
https://www.bmf.gv.at/steuern/kryptowaehrung_Besteuerung.html
To get that out of the way, you compute gains in € (and also if you trade e.g. Bitcoin for Litecoin and the € gains are only on paper). You can compute your gains with e.g. cointracker.com

In the Bescheid I got, they themselves file it under what's called
>Einkommensteuererklärung (Formular E in Austria)
>Sonstige Einkünfte - Einkünfte aus Spekulationsgeschäfte ohne Substanzgewinne aus Investitionsfonds

Signing up on finanzonline takes a few days and finding Formular E is a bit tricky (you normally don't do it if you only got Arbeitnehmer wage incomes)

and then they cite this law which reduces the tax a bit:
https://findok.bmf.gv.at/findok?execution=e1s1
tl;dr up to 1460€ gains, you get a significant reduction, however above that, it's just your normal Einkommensteuer. SO E.g. if you make 1000€ crypto gains, only 540€ will be taxed, so that's at least below 200€.

ITT: Cuck General

So I did my Austrian Einkommensteuer taxes one week ago on the finanzonline web page, also citing crypto trading gains (should in principle officially be done till end of this month).

Take the following as info or ignore it. I know people get super angry if you mention crypto taxes. Yes!, nobody likes to pay taxes but some people think getting your hands clean is worth it. I have small trading gains but would like to have done it clean in case crypto moons and I withdraw throusands from the exchanges at one point. Over 15k transfers it's noted, or some sum like that.

Okay, so here's more general info for Austria btw.
https://www.bmf.gv.at/steuern/kryptowaehrung_Besteuerung.html
To get that out of the way, you compute gains in € (and also if you trade e.g. Bitcoin for Litecoin and the € gains are only on paper). You can compute your gains with e.g. cointracker.com

In the Bescheid I got, they themselves file it under what's called
>Einkommensteuererklärung (Formular E in Austria)
>Sonstige Einkünfte - Einkünfte aus Spekulationsgeschäfte ohne Substanzgewinne aus Investitionsfonds

Signing up on finanzonline takes a few days and finding Formular E is a bit tricky (you normally don't do it if you only got Arbeitnehmer wage incomes)

and then they cite this law which reduces the tax a bit:
https://findok.bmf.gv.at/findok?execution=e1s1
tl;dr up to 1460€ gains, you get a significant reduction, however above that, it's just your normal Einkommensteuer. SO E.g. if you make 1000€ crypto gains, only 540€ will be taxed, so that's at least below 200€.