AI Summary
- Germany has one of the most crypto-friendly tax regimes: gains on crypto held for more than one year are completely tax-free
- Short-term gains (held one year or less) are taxed as private sales at your income tax rate
- Up to €600 in short-term gains per year is also tax-free
- KoinX applies FIFO automatically to determine which coins are sold and tracks holding periods
- The report includes derivatives trading summaries, income events, and portfolio balances
What Is in This Report?
The 1-Year Holding Period Exemption
This is the most important rule for German crypto taxation.
Example: Buy 1 BTC on January 1, 2024. Sell 1 BTC on January 2, 2025. Gain: €10,000. Tax: €0. Because the asset was held for more than one year.
KoinX tracks your holding periods automatically and shows short-term and long-term disposals separately.
Capital Gains Summary
The report separates capital gains into two categories based on the holding period of the asset:- Short-Term Capital Gains (STCG) – Assets held 1 year or less
- Long-Term Capital Gains (LTCG) – Assets held more than 1 year
Short-Term Capital Gains (STCG)
Applies to assets that were bought and sold within one year.
Long-Term Capital Gains (LTCG)
Applies to assets that were held for more than one year before being sold.
These values summarise all trading activity across spot, P2P, and margin markets.
The €600 Exemption Threshold
Even for short-term gains, Germany has an exemption:
The report helps you determine whether you are below or above the threshold.
FIFO for Holding Period Calculation
Germany uses FIFO (First-In, First-Out) to determine which coins are sold. Example: Buy 1 BTC in January 2023, buy another 1 BTC in June 2023, then sell 1 BTC in August 2024. Under FIFO, the January 2023 BTC is sold first. Since it was held for more than one year, the gain is tax-free. KoinX applies FIFO automatically.Summary of Income from Crypto Derivatives
If you trade futures or options, the report includes a derivatives summary.
This section summarises your derivatives trading performance during the year.
Other Income and Expense Summary
This section includes crypto received as income.Examples include:
- Airdrops
- Staking rewards
- Mining income
- Salary paid in crypto
- Consultancy income
- Margin interest
- Mining expenses
- Donations
- Consultancy expenses
All values are converted to EUR using market prices at the time of the transaction.
Detailed Beginning of Year Balance of Assets
Shows the portfolio position at the start of the financial year.
Detailed End of Year Balance of Assets
Shows the portfolio position on the last day of the financial year.
- Shows your starting position for the year
- Helps verify that cost basis carry-forward is correct
- Useful for audit trail and reconciliation
Capital Gains Transactions
This section provides a transaction-level breakdown of all disposals.
This serves as the audit trail for your tax calculation.
Crypto Derivatives Transactions
This section lists every futures and options trade.
Other Income & Expense Transactions
This section records all income and expense events.
- Reward income
- Staking interest
- Airdrops
- Mining income
- Salary payments
- Consultancy income
- Donations
-
Mining expenses
Asset Wise Profit & Loss
This section summarises the profit and loss for each cryptocurrency.
This helps identify which assets contributed most to your gains or losses.
Data Sources
The final section lists all integrations used to generate the report, including exchanges, wallets, and custom files. This ensures transparency about where the transaction data originated.
The 10-Year Rule for Staking and Lending
If you use crypto to generate income through staking or lending, the holding period for tax-free gains may extend to 10 years.
Recent interpretations suggest staking may not always trigger the 10-year rule. Consult a Steuerberater for guidance.
Frequently Asked Questions
Are crypto gains tax-free in Germany if held over one year?
Are crypto gains tax-free in Germany if held over one year?
Yes. If you hold crypto for more than one year before selling, the gain is tax-free under the Spekulationsfrist rule.
Which KoinX reports do Germany users need?
Which KoinX reports do Germany users need?
The Complete Tax Report (Germany) provides the full overview of gains, income, and balances. The Income Summary Report may also be useful for staking or DeFi income.
Does KoinX's Germany report follow German tax rules?
Does KoinX's Germany report follow German tax rules?
Yes. The report applies FIFO, separates short-term and long-term gains, and calculates totals based on current German tax guidance.
Is the report in German?
Is the report in German?
The report is primarily in English but includes German tax terminology where applicable. Your Steuerberater can use it directly.
What about the 10-year staking rule?
What about the 10-year staking rule?
If crypto generates income through staking or lending, the holding period may extend to 10 years under certain interpretations. Always confirm with a tax advisor.