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Online Casinos in general: Declare crypto casino wins for tax purposes?

Topic created on 14th Aug. 2024 | Page: 1 of 3 | Answers: 43 | Views: 2,389
D****e

Declare crypto casino wins for tax purposes?

14th Aug. 2024, at 01:13 pm CEST#1
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Hello everyone,

last year I won a total of just under 5 figures in crypto casinos. However, it was only this year that I realized that these casinos are not legal in Germany when I found out about taxes.

Is it smart to declare these wins as total crypto winnings on my tax return?
If I don't, it would actually be tax evasion.

At least a tax advisor and lawyer with whom I have written about this has advised me to declare the wins as other income or to declare the winnings in total as crypto winnings for tax purposes.

Any advice from you? Tax is due by 2.9 at the latest.

Thank you very much

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zocker0815
Top Member

Declare crypto casino wins for tax purposes?

14th Aug. 2024, at 01:30 pm CEST#2
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hello,

i'm not from germany, but any kind of gambling win is tax-free (germany, austria, switzerland, etc...)

the only problem is that there has recently been a law in germany against Online Casinos without a german license are illegal and therefore you can be prosecuted

so in terms of taxes you are not liable to prosecution the win is taxed, but only because you played in an illegal casino......

PS why do you want to declare almost 5 figures, that's less than 10k ? you don't need to declare it anyway, do you?

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D****e

Declare crypto casino wins for tax purposes?

14th Aug. 2024, at 01:53 pm CEST#3
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Hello,

i've been reading a lot about this topic recently and just can't figure it out.
It often says online that the wins have to be taxed because they come from outside the EU and no taxes are paid by the casino to Germany when depositing. From time to time it also says something else online.

My problem is simple, I was really soooo stupid and only looked into it afterwards.
A tax advisor I wrote to online said I should declare the wins.

I just want to get out of this number...

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moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

14th Aug. 2024, at 06:56 pm CEST#4
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No, no tax is due.
Unless you have still made wins on the rising price and these exceed €600.

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D****e

Declare crypto casino wins for tax purposes?

14th Aug. 2024, at 08:09 pm CEST#5
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moralischverwerflich wrote on 14.08.2024 at 18:56: No, no tax is due.
Unless you have made wins on the rising price and these exceed 600€.

And how do you know that? Has anyone at the tax office had this experience? Or is there something in writing about this? I'm now unsure whether I should just hand it in or not. And time is running out. Tax deadline ends soon

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moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 07:05 am CEST#6
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Dr_Unknown12de wrote on 14.08.2024 at 20:09:

And how do you know that ? Has anyone had the experience at the tax office? Or is there something in writing? I'm now unsure whether I should just hand it in or not. And time is running out. Tax deadline ends soon

You can find enough on the net.

Of course, you can p**s on your own leg and tell them straight away that you played in casinos that are not permitted in Germany 🤦🏻

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gamble1
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Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 07:46 am CEST#7
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Dr_Unknown12de wrote on 14.08.2024 at 20:09:

And how do you know that ? Has anyone had the experience at the tax office? Or is there something in writing? I'm now unsure whether I should just hand it in or not. And time is running out. Tax deadline ends soon

Please find a link to the ministry in Baden-württemberg (the rules are quite standardized and I am not aware of any differences): Here

Wins are tax-free whether they are legal or illegal does not really interest the FA as they are only responsible for collecting taxes but they must of course pass this on if they are aware of an illegal act

You are of course free to declare this as crypto wins on the course but then you would also be lying and paying taxes for something you have not earned at all so either way it is not very advantageous for you

But of course this is not binding advice and there is no guarantee what the right way is

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m****2

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 05:10 pm CEST#8
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gamble1 wrote on 15.08.2024 at 07:46:
Here is a link to the ministry in Baden-württemberg (The rules are quite uniform or I am not aware of any differences) : Here

Wins are tax-free whether they are legal or illegal does not really interest the FA as they are only responsible for collecting taxes but they must of course pass this on if they are aware of an illegal act

You are of course free to declare this as crypto wins on the course but then you would also be lying and paying taxes for something you have not earned at all so either way it is not very advantageous for you

But of course this is not binding advice and there is no guarantee what the right way is

But the letter doesn't say anything about online crypto winnings?

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moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 05:40 pm CEST#9
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mdwa2 wrote on 15.08.2024 at 17:10:

The letter doesn't say anything about online gambling crypto winnings though?

🤦🏻

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m****2

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 05:42 pm CEST#10
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morallyreprehensible wrote on 15.08.2024 at 17:40

🤦🏻


What's with the "grabbing your head" emoji now?

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d****a

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 05:56 pm CEST#11
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mdwa2 wrote on August 15th, 2024 at 5:42 pm:

What's with the "Sich An Den Kopf Fassende" emoji now?


that's the only possible (nice) response in the case of your question.

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m****2

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 06:27 pm CEST#12
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dazzle_tea wrote on August 15, 2024 at 5:56 pm:
in the case of your question, this is the only possible (nice) response.

Then answer my question normally instead of sending something like that.

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gamble1
Icon

Declare crypto casino wins for tax purposes?

15th Aug. 2024, at 11:31 pm CEST#13
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mdwa2 wrote on 15.08.2024 at 18:27:

Then answer my question normally instead of sending something like that.

There is nothing in the letter because wins are always tax-free

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m****2

Declare crypto casino wins for tax purposes?

16th Aug. 2024, at 02:46 pm CEST#14
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gamble1 wrote on August 15, 2024 at 11:31 pm:

There is nothing in the letter because wins are always tax free

So that's why you just assume that?

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moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

16th Aug. 2024, at 04:11 pm CEST#15
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mdwa2 wrote on 16.08.2024 at 14:46:

Oh so that's why you just assume that now?

What is there not to understand? Gambling winnings no matter where in what are tax-free here. Period.

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