You are viewing a single comment's thread from:

RE: I Have To Start Over From Scratch, Again.

in LeoFinance3 years ago

Oh gosh, that sucks! I was afraid for this for a while as well, thankfully (the upside of it lol) I didn't have much to begin with, this is the first year that actually should mean something tax-wise. But thankfully I discovered after carefully consulting my accountant that here we only mention the part we have cashed out and pay a percentage of this part. Very easy.

Not sure how next year in Spain will be, I don't expect it to be this simple everywhere (and for years to come).

Sorry to read that you have to start over, but in a way it's also funny that you're paying them with the crypto earnings :)

Hopefully, you can come back quickly and do it the right way from now on.

Posted Using LeoFinance Beta

Sort:  

But thankfully I discovered after carefully consulting my accountant that here we only mention the part we have cashed out and pay a percentage of this part. Very easy.

That makes total sense to me. I wish Sweden had the same regulations. I mean, come on, why on earth should I include information about me lending someone crypto? That's just ridiculous.

Posted Using LeoFinance Beta

I agree, I know in my home country, it's different as well, I believe you have to declare how much crypto you own at January 1st or something like that. The rules here are super simmple, clear and I honestly partially fear the change next year as I believe it will be more of a headache.

Sweden seems to make it quite difficult, hopefully, you find a way to continue crypto though. Would be a shame if you are put off by government regulations.

Good luck!