Crypto Comeback Pro – Do I have to pay taxes?

Crypto Comeback Pro allows you to trade bitcoins. The software for professional crypto trading can take over all your tasks.

More effectively than a human trader, because it reacts to fluctuations in prices within a few seconds and adjusts its trading activities accordingly. According to the software’s developer, maximum profits of up to 13,000 US dollars per day are possible and you can have your winnings paid out directly.

You can find out in this article whether you are allowed to keep all your profits or whether you have to pay taxes.

 

Crypto Comeback Pro - Do I have to pay taxes?

How are cryptocurrencies classified in Germany?

Bitcoin & Co. are classified under German tax law as not being a legal tender. For this reason, profits from trading in cryptocurrencies are not treated for tax purposes like trading in shares and similar financial investments.

Therefore, the following applies: If you hold cryptocurrencies for longer than one year, you do not have to pay tax on the profit when you sell them. It does not matter how high the profit is.

Taxation of trading with cryptocurrencies

Whether you have to pay tax on your profits from trading with cryptocurrencies depends on whether they are attributed to your business or private assets. If your profits are less than 600 euros, they remain tax-free and count as private assets.

As long as you do not earn more than 600 euros from trading, you do not have to declare these profits in your tax return.

The assessment allowance is another limit for income from non-self-employment. You do not have to file a tax return if you generate income from other activities that remains below 730 euros per year.

Below 11,000 euros, your income is not subject to the progressive tax scale.

How can you benefit from Crypto Comeback Pro?

Step 1: Click on the link to go to the official website of Crypto Comeback Pro.
Step 2: Fill out the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!

You can offset trading losses against your profits

Trading cryptocurrencies counts as a speculative trade for tax purposes, so you can offset your losses against your profits from other trades. However, you should note that you are not allowed to offset losses from trading with gains from other types of income.

For example, losses from trading with profits that you earn with a self-employed trade or through work.

Tax regulations if you are registered as a self-employed trader of cryptocurrencies

If you are trading full-time and as a self-employed trader, every trade is generally taxable. For the business sector, the progression tariff applies, so that, for example, a corporation tax of 25 per cent applies for a limited liability company.

Don’t lose track

If you trade in cryptocurrencies, it is recommended that you document your trades completely so that you do not lose track of them. A notebook in which you record every trade is ideal.

If you trade with Crypto Comeback Pro, you benefit from the fact that the software documents all trades for you.

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