How can I calculate my taxes on cryptocurrency holdings in Switzerland?

3 answers

• Dec 16, 2021 · 3 years ago
  Calculating taxes on cryptocurrency holdings in Switzerland can be a complex process. It is important to keep track of all your cryptocurrency transactions and determine the value of your holdings at the time of each transaction. You will need to report your capital gains or losses on your tax return. It is recommended to consult with a tax professional who is familiar with cryptocurrency taxation in Switzerland to ensure compliance with the tax laws and regulations.
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• Dec 16, 2021 · 3 years ago
  Calculating taxes on cryptocurrency holdings in Switzerland is similar to calculating taxes on other investments. You will need to determine the cost basis of your holdings, which is the original value of the cryptocurrency when you acquired it. When you sell or exchange your cryptocurrency, you will need to calculate the capital gains or losses based on the difference between the cost basis and the selling price. It is important to keep accurate records of your transactions and consult with a tax advisor to ensure accurate reporting.
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• Dec 16, 2021 · 3 years ago
  Calculating taxes on cryptocurrency holdings in Switzerland can be a daunting task, but it is necessary to comply with the tax laws. One way to calculate your taxes is to use a cryptocurrency tax software that can automatically import your transaction history and calculate your gains or losses. There are several reputable tax software options available that can help simplify the process. Additionally, you can consult with a tax professional who specializes in cryptocurrency taxation to ensure accurate reporting and compliance with the tax laws.
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