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Erwin | 2 years ago

https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended up losing his investment and owing $400,000 in tax.

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siftrics|2 years ago

That's so evil. How do you put up with that? Why don't Danes change their obviously evil tax code regarding deducting losses?