I am an expat, residing in Germany. I would like to invest some very tiny amount into Cryptos. I have done some initial research and found this:There is a Steuerfreigrenze of €600 gains.There is a First-in and First-out option (which I have a faint understanding, but not very clearly)There is a no-tax option on the gains if the Cryptocurrency was hodled for > 1 year.But I have this question:Let say, I buy €500 worth cryptocurrency (BTC, ETH, ETC) on 01.12.2018 and hodl it over 1 year to save taxes. I sell them on 10.12.2019 for €2000. Meanwhile, I also buy €500 on 01.10.2019 as a birthday gift. When I file my taxes for 2018, I mention that I purchased €500 Crypto. When I file my taxes for 2019, I mention that I purchased €500, but also sold €2000 (from last years purchase) worth Crypto. How does the Finanzamt decide if I am selling the crypto I purchased last year or just a couple of months in October 2019.I have some working knowledge in German, but I am having a tough time in reading and understanding all those regulations in German.Cheers!
Submitted November 05, 2018 at 08:52PM
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