Do you invest in cryptocurrencies? Then you should know that the tax office is keeping an eye on it. Read our article to find out how you need to document your transactions to be on the safe side.

📌 Your tax declaration obligations
All income from cryptocurrencies - whether from trading, lending, staking or mining - is taxable and must be declared in the tax return. Missing or incomplete information can lead to estimates by the tax office and higher tax claims.

It is therefore essential that you record all transactions accurately and declare them correctly!

📌 Your obligations to cooperate
You are obliged to provide the tax office with all necessary documents proving your crypto transactions upon request. Especially when using foreign exchanges or decentralized platforms, it is important to collect and keep all relevant receipts.

Missing proof can lead to tax disadvantages!

📌 Your obligation to keep records
Complete documentation of your transactions is essential.

These include, for example:
✔️ Purchase and sale dates, lending periods and conditions
✔️ Acquisition costs and disposal proceeds
✔️ Wallet addresses and transaction hashes
✔️ Income from lending, staking or mining
✔️ Amount and type of transaction fees paid
✔️ Exchange rates for foreign currencies
✔️ Documentation of hard forks and airdrops
✔️ Use and type of staking or lending platforms

Insider tip: Use specialized tracking tools to automatically record and manage your transactions.
These facilitate documentation and minimize sources of error.

For Companies and the self-employed extended documentation obligations apply. Compliance with generally accepted accounting principles is mandatory.

It is advisable to use tax-compliant accounting software to ensure audit-proof documentation.

The tax requirements in the area of cryptocurrencies are complex and subject to constant change. Our law firm is always informed about the current requirements and supports you in fulfilling your obligations correctly.

👉 Get in touch with us. That way, you can concentrate on your investments while we take care of the tax side of things. We are also happy to advise you on other tax issues and concerns: www.wsb-berater.com/leistungen

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