Crypto ₿

Crypto ₿

⚠️

⚠️

⚠️

Examples:

Bitcoins, Stablecoins, Crypto assets trading, Mining costs, Staking

In Germany, crypto assets are generally not deductible – but there are exceptions

Losses from selling crypto can be deducted if the assets are sold within one year, and these losses can be offset against other taxable profits. Long-term losses (from holding crypto for more than a year) are not deductible unless the activity is part of a business operation.

Additionally, certain related expenses can be deducted if you are self-employed or running a business, including:

  • Transaction fees (buying, selling, transferring)

  • Mining costs (hardware, electricity)

  • Software and professional fees related to managing crypto.

To sum up:

Scenario Tax deductible Examples
Losses from crypto sold within one year ✅ Yes, can be offset against other taxable profits Loss from sale can be used to offset other gains in the same year
Long-term losses (held for more than a year) ❌ No, unless part of a business operation Losses cannot be deducted, unless the activity is business-related
Expenses related to crypto for self-employed or businesses ✅ Yes, if related to business activities Transaction fees, mining costs, software/professional fees
Profits from staking ⚠️ Profits from staking are taxable as income. Expenses related to staking (if business) are deductible. Staking rewards are taxable; related software or fees may be deductible for businesses.

Get a cheat sheet with the main expense categories and specific examples of what you can deduct from taxes

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The data is provided for advertising purposes in exchange for downloading service offers (including templates and eBooks). I agree that Norman will inform me about accounting topics (news, promotions, webinars) in the future through email and social media advertising. Additional information on the processing of personal data can be found in the privacy policy.

© 2025 Norman AI GmbH

© 2025 Norman AI GmbH

© 2025 Norman AI GmbH