How can I calculate my tax liability for cryptocurrency investments in France?

2 answers

• Kjer BollMar 17, 2023 · 2 years ago
  Calculating your tax liability for cryptocurrency investments in France is crucial to avoid any legal troubles. Here's what you need to do. First, determine whether your investments are considered capital gains or miscellaneous income. If it's capital gains, calculate the difference between the purchase and sale prices of your cryptocurrencies. This difference will be subject to the capital gains tax rate. If it's miscellaneous income, report the total value of your cryptocurrencies at the end of the tax year. The tax rate for miscellaneous income varies depending on your income bracket. Remember to keep detailed records of your transactions and consult with a tax professional who specializes in cryptocurrency taxation. They'll ensure you're on the right track and compliant with the tax laws in France.
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• Mouritsen MarkerMay 19, 2025 · 3 months ago
  Calculating tax liability for cryptocurrency investments in France can be a bit complex, but here's a general overview. First, you need to determine whether your cryptocurrency investments are considered as capital gains or as miscellaneous income. If they are considered as capital gains, you will need to calculate the difference between the purchase price and the selling price of your cryptocurrencies. This difference will be subject to the capital gains tax rate. If your investments are considered as miscellaneous income, you will need to calculate the total value of your cryptocurrencies at the end of the tax year and report it as income. The tax rate for miscellaneous income may vary depending on your income bracket. It's important to consult with a tax professional or accountant who is familiar with cryptocurrency taxation in France to ensure accurate calculations and compliance with the tax laws.
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