Get an estimate of your tax bill with our free Bitcoin and crypto tax calculator built for Germany.
It’s important to remember that the crypto tax calculator on this page is a free tool to help estimate your tax bill.
If you’re looking for a comprehensive tax report, a crypto tax software like CoinLedger can help you calculate your gains, losses, and income from cryptocurrency in minutes. The platform can connect to your wallets and exchanges to make crypto tax reporting easier than ever.
In Germany, cryptocurrency income and cryptocurrency disposed of after less than a year of holding is subject to tax.
For more information, check out our complete guide to German cryptocurrency taxes.
In Germany, cryptocurrency is taxed differently based on how long you held it.
If you held crypto for less than a year, your profits from cryptocurrency are subject to tax. If you held your crypto for longer than a year, your profits from cryptocurrency are tax-free.
If you wish to calculate your cryptocurrency taxes manually, you can use the following formula.
To use this formula, you’ll need to know the fair market value of your crypto at receipt and at disposal. In addition, you should know the price of fees related to buying and selling your crypto.
Your purchase price is equal to the fair market value of your crypto at the time you acquired it.
Your sell price is equal to the fair market value of your crypto at the time of disposal.
Your Investment Fee is the cost of any relevant fee to acquire your cryptocurrency. Meanwhile, your Exit Fee is the cost of any relevant fee to dispose of your cryptocurrency.
In Germany, your tax rate on cryptocurrency disposals varies depending on your annual income.
If you earn cryptocurrency as income in Germany — such as mining and staking rewards — you’ll be required to pay income tax.
The free crypto tax calculator on this page is designed to help you estimate your tax bill from cryptocurrency disposals only. If you’re looking to generate a crypto tax report that contains a complete record of your gains, losses, and income, get started with CoinLedger today!
While there’s no way to legally evade your cryptocurrency taxes in Germany, strategies like tax-loss harvesting can help you reduce your tax bill legally.
For more information, check out our guide on how to reduce crypto taxes in Germany.