To make your website stay as comfortable as possible Blockpit stores cookies. With a click on "Accept" you confirm the use of these cookies. Further information and your opt-out option can be found in our Privacy Policy

01Answer

Here you go

In our opinion, hard forks held as private assets generate income from speculative transactions if these new units are sold within one year of acquisition. The acquisition cost is to be set as 0 Euros. This also applies to business operations, although it should be noted that there is no one-year period here, so that a profit is taxable at any rate (with acquisition costs of 0 Euro and profits from the transaction as a tax base). Soft forks only represent a kind of update, similar to a token swap, which is not relevant for tax purposes.
Detailed information can be found in our crypto tax guide (in German only).

Is this answer helpful? Yes No
Is there anything you want to add? [email protected]

02Frequent questions

Here are some more answers that might help you

Simply navigate your crypto portfolio

We'll help you handle taxes on Bitcoin, Ether, Dash and co.