Privacy settings

We use a number of cookies on our website. Some are essential, while others help us improve our portal for you.

Privacy settings

Here is an overview of all the cookies we use. You can choose to accept whole categories or view more information and select only certain cookies.

Essential (6)

Essential cookies enable basic functions and are necessary for the website to function properly.

Statistics (3)

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
If the statistics cookies are subsequently deselected, they will remain on the computer until the expiry date. However, they are neither updated nor evaluated.

Online Casinos in general: Casino win - payout to account -> taxes?

Topic created on 11th Dec. 2023 | Page: 1 of 1 | Answers: 3 | Views: 1,075
sommy25

Casino win - payout to account -> taxes?

11th Dec. 2023, at 05:17 pm CET#1
0 Likes

Nobody has liked this post so far
Hello,

Sample calculation.

I buy 10 LTC from Bitpanda for 70 euros. I Deposit these LTC into the casino. I win 30 LTC, which I transfer back to Bitpanda and have a value of 2100 euros if one LTC is still worth 70 euros.
If I sell all 30 LTC the next day, Bitpanda only looks at whether I speculated with the 10 LTC, as the 20 were added by third parties, in this case the crypto casino.
The 600 euro exemption limit does not apply here, right?

Greetings

This post has been translated automatically

roccoammo11
Expert

Casino win - payout to account -> taxes?

11th Dec. 2023, at 05:57 pm CET#2
0 Likes

Nobody has liked this post so far
if I have understood this correctly, then you have already answered it yourself...

This post has been translated automatically

moralischverwerflich
Expert

Casino win - payout to account -> taxes?

12th Dec. 2023, at 09:29 pm CET#3
0 Likes

Nobody has liked this post so far
Correct.
Taxes only apply if the win is due to price fluctuations. Otherwise not.

This post has been translated automatically

flaschenposter
Experienced

Casino win - payout to account -> taxes?

13th Dec. 2023, at 03:24 am CET#4
0 Likes

Nobody has liked this post so far

roccoammo11 wrote on 11.12.2023 at 17:57: if I've understood correctly... [then you've already answered it yourself...]

okay, you're way ahead of me there!

(I couldn't really follow the whole thing...)

;-)

This post has been translated automatically

Hot Topics16th Sep. 2024 at 09:11 pm CEST

Watch-out
0
Sports betting
0
Bonus
0

GambleJoe Team

Profile picture of JulianJulian
Community-Manager / Complaint SpecialistProfile picture of CounterCounter
Software developerProfile picture of MatthiasMatthias
Project managerProfile picture of DanielDaniel
Founder

Community Forum-Moderators

Members who assist the GJ team in moderating the forum.
Profile picture of AndreAndre
Profile picture of gamble1gamble1 online
Profile picture of Langhans_innenLanghans_innen
Profile picture of SaphiraSaphira
GambleJoe is aimed exclusively at user whose allowed to play legally with his current location in online casinos and does not violate the current law.
It is the responsibility of the user to inform himself about the current legal situation. Gambling is prohibited for children and adolescents under the age of 18.
GambleJoe is a registered trademark with the EUIPO of GJ International Ltd.
© 2012-2024 GambleJoe.com
✕

Forgotten your password?

Create a new password here

  • 1. Fill in the 3 fields carefully and click on the green button
  • 2. Check your email inbox for a message from GambleJoe
  • 3. Click on the confirmation link in the email and your new password will be active immediately