Germany Specific Classifications

The following describes how deposits and withdrawals are handled by Accointing, taking into account the holding period. A more detailed overview of the tax treatment of the individual classifications can be found in the Crypto Tax Guide 2022.

Deposits

Withdrawals

1 – ICO, OTC, and Swap classifications act similarly to orders. The deposit (acquisition) of the new coins is not taxable, but the withdrawal (coins traded) is taxable.

2 – Fees that are allocable to a specific crypto asset are included as part of your tax basis within your taxable disposals. These fees represent other fees such as internal fees that are not directly allocable to a specific crypto asset.

3 – Adjustments from the use of the reconcile function due to variances between imported data and actual balances. Disclosed separately in your tax report.

4 – Lost or stolen cryptocurrencies may be deductible in certain circumstances and will be reported separately on your tax report. Please refer to the Crypto Tax Guide.

5 – Margin gains, losses, and fees are separate and count as capital gains. For this reason, these classifications are listed in a separate table in the tax report.

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