Do I have to declare BTC payments in an online casino for tax purposes?
12th May. 2021, at 08:41 pm CEST#1
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Hello,
maybe one of you knows:
I have deposited several times this year via BTC in different casinos. Now I have the question, since I also have a bit of money in the area whether I have to declare these deposits in the tax return...
I hope you can help me.
Thanks a lot
Greetings
Do I have to declare BTC payments in an online casino for tax purposes?
13th May. 2021, at 01:29 pm CEST#2
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This is something you should discuss with your tax advisor, but basically, quote
" ... Basically, all winnings are tax-free, which are based on luck or chance ... your gambling win you do not have to report to the tax office and also not in the tax return. "
Do I have to declare BTC payments in an online casino for tax purposes?
13th May. 2021, at 11:41 pm CEST#3
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CasinoReuber wrote on 13.05.2021 at 13:29: Such you should best discuss with your tax advisor but basically applies, quote
" ... Basically, all winnings are tax-free, which are based on luck or chance ... your gambling win you do not have to report to the tax office and also not in the tax return. "
Not true. If Bitcoin are purchased within a year and then a Deposit is made - if the price has risen in the meantime - this creates a transaction that is taxable.
Max1303 wrote on 13/05/2021 at 23:41
Not true. If Bitcoin are bought within a year and then a Deposit is made, it creates - if the price has risen in the meantime - a transaction that is taxable.
On that ges......
Whoever states this is really beyond help. The purchase of Bitcoins and Co. is just as gambling. Or can you deduct losses from tax?
Do I have to declare BTC payments in an online casino for tax purposes?
Nobody has liked this post so far
maybe one of you knows:
I have deposited several times this year via BTC in different casinos. Now I have the question, since I also have a bit of money in the area whether I have to declare these deposits in the tax return...
I hope you can help me.
Thanks a lot
Greetings
This post has been translated automatically
Do I have to declare BTC payments in an online casino for tax purposes?
Nobody has liked this post so far
" ... Basically, all winnings are tax-free, which are based on luck or chance ... your gambling win you do not have to report to the tax office and also not in the tax return. "
This post has been translated automatically
Do I have to declare BTC payments in an online casino for tax purposes?
Nobody has liked this post so far
Not true. If Bitcoin are purchased within a year and then a Deposit is made - if the price has risen in the meantime - this creates a transaction that is taxable.
This post has been translated automatically
Do I have to declare BTC payments in an online casino for tax purposes?
Liked this post:
CasinoReuber
On that ges......
Whoever states this is really beyond help. The purchase of Bitcoins and Co. is just as gambling. Or can you deduct losses from tax?
This post has been translated automatically