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: Declare crypto casino wins for tax purposes? (Page 2)

Topic created on 14th Aug. 2024 | Page: 2 of 3 | Answers: 43 | Views: 2,384
gamble1
Icon

Declare crypto casino wins for tax purposes?

16th Aug. 2024, at 06:00 pm CEST#16
0 Likes

Nobody has liked this post so far

mdwa2 wrote on 16.08.2024 at 14:46:

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

I assume that because wins are always tax-free in every possible context as long as they are profits and not the result of targeted speculation or work

This post has been translated automatically

rambo23
Visitor

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 11:38 am CEST#17
0 Likes

Nobody has liked this post so far

morallyreprehensible wrote on 16.08.2024 at 16:11

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

However, gamblejoe itself states that wins generated from online gambling outside the EU are taxable 😅

This post has been translated automatically

MisterL
Expert

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 01:11 pm CEST#18
0 Likes

Nobody has liked this post so far
wins are confiscated + penalty

see ulli hoeness

This post has been translated automatically

rambo23
Visitor

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 01:22 pm CEST#19
0 Likes

Nobody has liked this post so far

MisterL wrote on 18.08.2024 at 13:11: wins will be confiscated + penalty

see ulli hoeness

Hoeneß has evaded taxes. He had to pay them back plus a fine. He had no wins from unlicensed casinos. You often read here that someone didn't have to pay anything back etc. But legally speaking, wins from casinos that are not licensed in Europe are taxable. That's what it says on gamblejoe. So I have no idea how you other two users always come up with the idea that it is basically tax-free.

This post has been translated automatically

Hanshanshans
Elite

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 01:46 pm CEST#20
0 Likes

Nobody has liked this post so far

rambo23 wrote on 18.08.2024 at 13:22:But legally speaking, wins from non-European licensed casinos are taxable. That's what it says on gamblejoe. That's why I have no idea how you other two users always come up with the idea that it would basically be tax-free.

Where is that stated here?

This post has been translated automatically

moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 02:17 pm CEST#21
0 Likes

Nobody has liked this post so far
https://www.businessandmore.de/steuer-und-recht/item/726-steuern-gluecksspiel-die-wichtigsten-fragen-und-antworten.html

This post has been translated automatically

gamble1
Icon

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 04:52 pm CEST#22
0 Likes

Nobody has liked this post so far
morally reprehensible wrote on 18.08.2024 at 14:17: https://www.businessandmore.de/steuer-und-recht/item/726-steuern-gluecksspiel-die-wichtigsten-fragen-und-antworten.html

So already no GJ the link I think was car correction ?


You don't pay taxes on it either, take a look at what exactly is in your link:

In order not to pay taxes, the wins must have been made in the EU. The wins must come from providers who have a gambling license from the EU and pay tax on their turnover in accordance with the regulations.

For example, if the winnings come from a casino with a license from a Caribbean country or from Las Vegas and the winnings here exceed €10,000, cash imported must be declared to customs . Winnings from a country outside the EU must be declared, but no taxes are levied . However, these wins can be confiscated, as only gambling with a Provider licensed in the EU is legal.

This is only about the import, but you are not accusing yourself of a criminal offense, namely "participation in illegal gambling" would not be particularly clever

Apart from that, the link is quite outdated because currently only DE casinos are allowed without exception and therefore everything is prohibited

This post has been translated automatically

rambo23
Visitor

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 06:09 pm CEST#23
0 Likes

Nobody has liked this post so far

gamble1 wrote on 08/18/2024 16:52:
So already no GJ the link I think was car correction ?


You don't pay taxes on it either, take a look at what exactly is in your link:

In order not to pay taxes, the wins must have been made in the EU. The wins must come from providers that have a gambling license from the EU and pay tax on their turnover in accordance with the regulations.

For example, if the winnings come from a casino with a license from a Caribbean country or from Las Vegas and the winnings here exceed €10,000, cash imported must be declared to customs . Winnings from a country outside the EU must be declared, but no taxes are levied . However, these wins can be confiscated, as only gambling with a Provider licensed in the EU is legal.

This is only about the import, but you are not accusing yourself of a criminal offense, namely "participating in illegal gambling" would not be particularly clever

Apart from that, the link is quite outdated because currently only DE casinos are allowed without exception and therefore everything is prohibited

https://www.gamblejoe.com/ratgeber/steuer-auf-gluecksspiel-gewinne/


It's about the link.
Might be stupid but not that stupid. I understand that you use Coinbase. You are aware that Coinbase 2026 will report all transaction data to the tax office or make it available 😅

This post has been translated automatically

m****2

Declare crypto casino wins for tax purposes?

18th Aug. 2024, at 07:57 pm CEST#24
0 Likes

Nobody has liked this post so far

rambo23 wrote on 18.08.2024 at 18:09

https://www.gamblejoe.com/ratgeber/steuer-auf-gluecksspiel-gewinne/


It's about the link.
Might be stupid but not that stupid. I understand that you use Coinbase. You are aware that Coinbase 2026 will report all transaction data to the tax office or make it available 😅

Where did this Coinbase thing come from?

This post has been translated automatically

gamble1
Icon

Declare crypto casino wins for tax purposes?

19th Aug. 2024, at 12:01 am CEST#25
1 Like

Liked this post: Avatar von moralischverwerflich moralischverwerflich

rambo23 wrote on 18.08.2024 at 18:09

https://www.gamblejoe.com/ratgeber/steuer-auf-gluecksspiel-gewinne/


It's about the link.
Might be stupid but not that stupid. I understand that you use Coinbase. You are aware that Coinbase 2026 will communicate all transaction data to the tax office or make it available 😅

Yes and ? My transactions clearly show that I don't hold any coins, I don't earn anything from the price, so what should the tax office be interested in? Really nothing

This post has been translated automatically

m****2

Declare crypto casino wins for tax purposes?

19th Aug. 2024, at 08:08 pm CEST#26
0 Likes

Nobody has liked this post so far

gamble1 wrote on 19.08.2024 at 00:01:

Yes and ? In my transactions it is clear to see I do not hold any coins I do not earn anything on the course so what should the tax office be interested in? Really nothing

Do you think they can tell the difference?

This post has been translated automatically

gamble1
Icon

Declare crypto casino wins for tax purposes?

20th Aug. 2024, at 03:21 am CEST#27
0 Likes

Nobody has liked this post so far

mdwa2 wrote on 19.08.2024 at 20:08:

Do you think they can tell the difference?

Of course they can, I only do minus

This post has been translated automatically

moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

20th Aug. 2024, at 05:39 am CEST#28
0 Likes

Nobody has liked this post so far

mdwa2 wrote on 19.08.2024 at 20:08:

Do you think they can tell the difference?

Of course they can. You can see what price was bought and sold at.

This post has been translated automatically

m****2

Declare crypto casino wins for tax purposes?

20th Aug. 2024, at 06:05 pm CEST#29
0 Likes

Nobody has liked this post so far

morallyreprehensible wrote on 20.08.2024 05:39:

Sure. You can understand at what price was bought and sold.

Yes, but if you get your cryptocurrency from a casino or a wallet and sell it immediately, then you haven't traded it, have you?

This post has been translated automatically

moralischverwerflich
Expert

Declare crypto casino wins for tax purposes?

21st Aug. 2024, at 11:34 am CEST#30
0 Likes

Nobody has liked this post so far

mdwa2 wrote on 20.08.2024 at 18:05:

Yes but if you get your cryptocurrency from a casino or wallet and sell it immediately then you haven't traded it have you?

No. If you take your time selling and the price changes too much upwards, then of course you have. But since you usually do everything in a short period of time when gambling, you won't normally have any problems. Especially as the purchase and sale price is always different from the real price. Rough example:

If the real LTC price is €60, the exchange will sell it to you for €61 and buy it for €59. So you already have a €2 buffer per coin when selling. But this is really just a rough example. This way, you won't have any problems if the price rises by a few % while you are gambling.


I've already had a tax calculation thing done via an exchange, where everything is automatically transferred to purchases and sales. That was last year or the year before last🤔 I'll have a look in the folder when I get the chance. There was also zero on the bottom line for "tax to be paid"
So I don't seem to be doing anything wrong the way I'm doing it. That's why I don't care what some people say about my statements.

This post has been translated automatically

Hot Topics17th Sep. 2024 at 11:56 pm CEST

Bonus
0
Watch-out
0
Sports betting
0
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