Immediate Edge is a provider that makes it possible for the company’s customers to trade Bitcoin and other cryptocurrencies. If you decide you want to start trading these currencies, you can do so through this provider.
If one does a good job over a longer period of time, it is also possible that one will have earned a good profit at a certain point in time. When these profits are then paid out, you have to think about how to deal with the taxation of the profits from Immediate Edge.
Since we live here in Germany, there is not much leeway, so you can already say at the beginning that all profits from Immediate Edge have to be declared in the tax return.
How can you profit from Immediate Edge?
Step 1: Click on the link to go to the official website of Immediate Edge.
Step 2: Fill in the form to get a FREE licence to trade.
Step 3: Follow the instructions on the platform to profit from bitcoin fast!
When do you have to declare the profits on your tax return?
The question is not whether one has to declare the profits, but when. Here, the user of Immediate Edge can actually decide for himself when to pay the taxes. It depends on the date on which the profit was received in the account of one’s own bank.
If it is 31.12, you have to declare the profit in the old year as well. If it is 1.1 in the new year, you only have to declare the profit in this year in your tax return.
So every user can decide for himself when he wants to declare the profits in the tax return. If you postpone the payment for a while, you can postpone the tax burden into the future.
What is actually the profit at Immediate Edge?
When it comes to paying tax on Immediate Edge’s profits, the math is pretty simple. You simply have to compare all the deposits you have made with the withdrawals.
If you realise that you have received higher payouts, you have made a profit. This must then also be declared in the tax return.
From when do you have to pay tax on the profits?
You have to declare all the profits you make. Of course, this also includes the winnings earned at Immediate Edge. However, these are not fully taxed. You can make profits of up to 600 euros a year without paying tax on them.
However, you should always bear in mind that profits below 600 euros still have to be declared in your tax return. If you are below 600 euros, you can do this without any problems, as the actual tax burden is not affected.
If you are above 600 euros, you should always declare the profits in your tax return, otherwise you may have problems with the tax office.