Has anything changed? Was it just some kind of a mistake? Or are they really serious about limiting taxation of losses only up to 20k for ALL derivatives? The middle of the fiscal year is almost here, there's still time to leave the country ... or not.
Easy. You take total profits and subtract losses from it, but only up to a certain amount (20k in Germany). So at the end of the year you can pay tax even if your account is negative. More info here: German derivatives traders shocked by new tax law
If anyone is interested, according to this : futures, options, CFDs - are affected by this law warrants, certificates - are not affected by this law
It is only for crypto. Nothing surprising. I would think that all corrupt authoritarian regimes will eventual ban crypto. Imagine people going about their economic lives and ignoring govt completely.
I was going to say this doesn’t make any sense but you can only write down so much loss every year in America. But over here you get a carry over so it’s not so bad. It sounds like Germany did the German thing and complicate something easy.