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

Topic created on 11th Dec. 2023 | Page: 1 of 1 | Answers: 3 | Views: 1,165
sommy25

Casino win - payout to account -> taxes?

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

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roccoammo11
Expert

Casino win - payout to account -> taxes?

11th Dec. 2023, at 05:57 pm CET#2
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if I have understood this correctly, then you have already answered it yourself...

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moralischverwerflich
Expert

Casino win - payout to account -> taxes?

12th Dec. 2023, at 09:29 pm CET#3
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Correct.
Taxes only apply if the win is due to price fluctuations. Otherwise not.

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flaschenposter
Experienced

Casino win - payout to account -> taxes?

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

;-)

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