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Crypto and Loans Tax Law Forum 123recht.de

question from 4.4.2021 | 22:38

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Status: Beginner (106 posts, 10x helpful)

Hello everybody,

I have some questions about my cryptos:

1. What if you took out a loan years ago to invest in cryptos, made a loss for three years, had to pay the loan installments, and suddenly you’re a millionaire? Can I make the three years of loss / installment payments / interest then apply for tax purposes, should the tax office come to me?

2. Binance offers a credit card or you can buy goods with cryptos, what about taxes? What if I bought a Tesla now? Credit cards are used to pay with FIAT and not with cryptos.

3. What if I would, let’s say, transfer 2,000,000.00 to my current account and buy a house from it straight away? Will the tax be canceled?

4. We want to move to Switzerland (not because of the cryptos, the plan has been in place since last year), how about taxes?

Thanks and best regards

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