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?
| Section | Purpose |
|---|---|
| Capital Gains Summary | Short-term and long-term crypto gains |
| Summary of Income from Crypto Derivatives | Futures and options trading income |
| Other Income and Expense Summary | Staking, airdrops, mining, rewards |
| Beginning of Year Balance | Crypto holdings at start of year |
| End of Year Balance | Crypto holdings at end of year |
| Capital Gains Transactions | Detailed list of disposals |
| Crypto Derivatives Transactions | Detailed futures and options trades |
| Other Income and Expense Transactions | Detailed income and expense events |
| Asset Wise Profit & Loss | Profit and loss breakdown by asset |
| Data Sources | Exchanges, wallets, and files used |
The 1-Year Holding Period Exemption
This is the most important rule for German crypto taxation.| Holding Period | Tax Treatment |
|---|---|
| 1 year or less | Taxed as private sale (Einkommensteuer) |
| More than 1 year | Completely tax-free |
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.
| Field | Description |
|---|---|
| Number of Transfers | Total disposals of short-term assets during the year |
| Sale Consideration | Total value received from short-term disposals |
| Cost of Acquisition | Purchase value of the assets that were sold |
| Fees Paid | Trading fees paid during buy and sell transactions |
| Gross Profit | Total gains before adjustments |
| Gross Loss | Total losses recorded |
| Net Gains | Final gains after deducting fees |
Long-Term Capital Gains (LTCG)
Applies to assets that were held for more than one year before being sold.
| Field | Description |
|---|---|
| Number of Transfers | Total disposals of long-term assets during the year |
| Sale Consideration | Total value received from long-term disposals |
| Cost of Acquisition | Purchase value of the assets that were sold |
| Fees Paid | Trading fees paid during buy and sell transactions |
| Gross Profit | Total gains before adjustments |
| Gross Loss | Total losses recorded |
| Net Gains | Final gains after deducting fees |
The €600 Exemption Threshold
Even for short-term gains, Germany has an exemption:| Short-term gains | Tax |
|---|---|
| Under €600 | €0 |
| €600 or above | Tax applied to the full amount |
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.
| Field | Description |
|---|---|
| Total Realised Futures Profit | Total profit from futures trading |
| Total Realised Futures Losses | Total futures losses |
| Total Futures Turnover | Combined trading volume |
| Brokerage Fees | Fees paid on trades |
| Funding Interest Received | Funding payments received |
| Funding Fees Paid | Funding costs |
| Net Gains from Futures | Profit after fees |
| Total Options Profit / Loss | Options trading results |
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.
| Field | Description |
|---|---|
| Asset Name | Cryptocurrency |
| Quantity | Amount held |
| Cost | Purchase value |
| Value | Market value |
| Remarks | Average price information |
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.
| Field | Description |
|---|---|
| Date Purchased | Acquisition date |
| Date Sold | Disposal date |
| Asset | Cryptocurrency traded |
| Quantity | Amount sold |
| Buy Value | Purchase value |
| Sell Value | Sale value |
| Gross Gains | Profit before fees |
| Purchase Fee | Fee paid when buying |
| Sale Fee | Fee paid when selling |
| Net Gains | Final gain after fees |
Crypto Derivatives Transactions
This section lists every futures and options trade.
| Field | Description |
|---|---|
| Date | Trade date |
| Asset | Underlying asset |
| Quantity | Trade size |
| Net Gains | Profit or loss |
| Type | Futures or Options |
| Source | Exchange or data source |
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.
| Asset | Gross Profit | Gross Loss | Net Gains |
|---|---|---|---|
| ETH | €79.32 | €67,091.06 | -€67,011.74 |
| BNB | €440.97 | €1.49 | €439.48 |
| USDT | €986,200.45 | €1,667,389.84 | -€681,189.39 |
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.| Activity | Holding Period |
|---|---|
| Simple holding | 1 year |
| Staking or Lending | Potentially 10 years |
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.