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/biz/ - Business & Finance

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29285165 No.29285165 [Reply] [Original]

I'm from germany and if I stake, I have to hodl my tokens for 10 years to avoid taxes. Is it worth it?
I own HBAR, VET, ZIL, KAI and ADA and I want to buy more of each every month for a year while staking for a year.
The 10 year hodl bs is what's keeping me away from staking...

>> No.29285444

lil bumpo

>> No.29285511

i have doubts that the 10 year rule applies for staking and lending. i wont acknowledge it

>> No.29285863

>>29285511
I would stake if it wasn't for the 10 years rule. Everyone says it applies here in germany though. What makes you think it doesn't apply? Really curious.

>> No.29287008

bump

>> No.29287038

>>29285165
No, it's not worth it. 99% of shitcoins have a bleed down to near 0. Buy low, sell high, pay your taxes.

DIA may be worth hodling long term.

>> No.29287057

>>29285863
>Really curious.
nice try irs

>> No.29287094

>>29285165
The only coin worth staking that long is $GRT

But that law also sounds retarded. You sure you read it right?

>> No.29287149

>>29285165
Does it even matter with the amount that you hold?

>> No.29287214

>>29285165
no staking. just holding. 1 year at least
you know you need to.
or just hodl in APOLLO and you'll be alright

>> No.29287261

>>29285165
Noone fucking cares for 1000€. You could cash out now and even your bank wouldn't care, just don't fill it out in your tax form.

>> No.29287347

>>29287094
Sadly yes, multible sources..

>>29287149
Just started in January and going to throw 400-700€ every month into KAI, ZIL, HBAR and VET for like a year. Going to have 10-30k each and then let it sit.
Bad idea?

>>29287261
Not thinking about withdrawing now. I want to buy more for 1 to 1.5 years but would have loved to stake with it to have more but not with that 10 years rule.

>> No.29287504

dont stake shitcoins , you can stake BTC on WAVES

>> No.29287531

you pay my neetbucks, at least you are a good goy, that you even think about paying taxes is funny

>> No.29287583

>>29285165
keep a part in non-staked coins, that you plan on cashing out after 1 year for non taxable event. and have the mindset, that you will keep the ada stack, or other staked, just around in the online sphere, just because its good to have some amound outsite of banks reach. other thing to taxes, that people maybe dont consider: if you live frugal by the, not sure 12k/year income, where the tax brackets start. you can just cash out, together with taxaccount, report this as income, but this will get you 'taxed' by your personal taxrate. if you dont have much income or cash out alot, theres still no taxes to pay. fuck merkel

>> No.29287595

>>try to short sell it
fucking idiot, don’t spam on /biz/ with this fucking shitservices u faggot
trading with best analytics and various bots is on Bot Ocean now
but still you can find an idiot who will buy your shitbot

>> No.29287936

>>29285165
>imagine paying taxes

>> No.29288362

>>29287936
If I don't stake and hodl 1 year after last purchase I won't have to.
I don't want to risk going to jail. Germany is horrible when it comes to taxes. Harder punishment for tax avoiding than for rape.

>> No.29288612

In Australia staking gains are counted as income basically. You have to cash out at the time you receive them and pay your appropriate rate including your other income, or assume the risk of owing that tax and not cashing out and paying it later. I'm going to start staking this week with bancor and see how it goes. May as well get used to it because i'm never selling my link or xsn or bnt and i'll need to be earning

>> No.29289431

>>29288362
niggers dont avoid taxes

>> No.29290125

>>29285165
how would they know you staked if you just take out the amount you bought?

>> No.29290244

>>29290125
do you get a new ethereum address for everything you do? its literally visible on the blockchain and they can ask for your address and transactions

>> No.29291513

t . me/kryptoversteuerung

Maybe you can find an answer there

>> No.29291579

Any good websites that talk about tax strategies? I'll happily move countries if it means I can avoid a 30% dildo in the ass.

>> No.29291660

It seems you only have to pay taxes for the rewards if you wait a year before beginning to stake

https://www.reddit.com/r/CardanoDE/comments/lmusju/staking_versteuern/

>> No.29291699

>>29285165
https://www.youtube.com/watch?app=desktop&v=6wUD18n8KwI

>> No.29291703

>>29285165
The 10 years rule applies to the REWARDS you get from the staking awards no the coins you stake. Also, there is no way the Finanzamt can prove you staked your coins.

>> No.29291857

>>29291703
Bei Wirtschaftsgütern im Sinne von Satz 1, aus deren Nutzung als Einkunftsquelle zumindest in einem Kalenderjahr Einkünfte erzielt werden, erhöht sich der Zeitraum auf zehn Jahre;


Nutzung =/= Lending/Staking

Daher argumentieren einige gegen die 10 Jahres Regel

>> No.29292031

>>29291857
>Nutzung =/= Lending/Staking

Most german crypto tax experts are in agreement that 'staking' isn't counted as a 'Nutzung' so it won't cause a 10 year minimum hold to cashout tax free.

But to be exact not even the Finanzamt is sure on how to tax staking. Besides, you can cashout the coins as they are since the staking isn't visible/provable anyway.

>> No.29292756

>>29291513
honeypot

>> No.29292857
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29292857

Fellas, what can you say about the Baex system(#baex)? There are a lot of tweets about this defi binary exchange, and I want to know your opinion. Because blockchain binary can be profitable for users. I checked their referral and bonus programs, 4% of all earnings sounds nice

>> No.29292868
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29292868

>>29292756
you're vastly overestimating german bureaucracies agility

>> No.29292934

>>29292868
they're busting drug dealers left and right on telegram
surely they will ignore a public tax avoidance group

>> No.29292965

>paying taxes on staking
Why are you Kartoffeln so extremely pathetic? As if some boomer Annette working at the Finanzamt would even understand what staking crypto means.

>> No.29293436

>>29292934
they're busting people who offer drug delivery services in their own telegram channels

compare that to a public channel with thousands of non-related postings daily


Also avoidance =/= evasion - anf as far as i know they are pretty strict on banning questions etc. about evasion in this group