How can I minimize my tax liability on cryptocurrency earnings in Austria?

1 answers

• Halberg MonradJan 11, 2024 · a year ago
  At BYDFi, we understand the importance of minimizing tax liability on cryptocurrency earnings. In Austria, you can minimize your tax liability by holding your cryptocurrencies for at least one year to qualify for long-term capital gains tax rates. Additionally, consider tax-loss harvesting to offset your gains. It's crucial to keep detailed records of your transactions and consult with a tax professional who can provide personalized advice based on your specific situation. Remember, minimizing tax liability requires careful planning and compliance with tax regulations. If you have any further questions, feel free to reach out to us at BYDFi.
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