Koinly Tax Settings Germany 2024 / 2025

[Seba]

Hi all
Unfortunately, I haven’t found any information about the correct Koinly tax settings for Germany. Also, from Koinly no standard settings for Germany are documented (please let me know if there is one).

With help of the following sources, I was have tries to find the correct tax setup which is documented further down in this post. Please let me know if these settings are correct

Sources:
https://koinly.io/guides/crypto-tax-germany/

Crypto Taxes In Germany 2024: Ultimate Tax Guide (Kryptowährung Steuer) - KoinX

Settings\Portfolio
Treat airdrops as income: deactivated
Treat forks as income: deactivated
Treat mining as income: activated
Treat rewards as income: activated

Settings\Cost basis
Wallet based cost tracking: activated
Realize gains on crypto → crypto trades: activated
Realize gains on liquidity transactions: deactivated
Realize gains on transfer fees: deactivated
Treat transfer fees as deductible costs: deactivated
Treat other gains as capital gains: activated
Treat cashbacks and fee refunds as zero-cost deposits: deactivated

[Aria_Koinly]

Hi @Seba

If you have a setting that does not match your selected country, you will receive a warning. Also, some settings may require guidance from your tax accountant to determine whether they should be on or off.

[Seba]

Unfortunately, this is only true for 2 out of the 12 settings discusses above. Honestly speaking, I don’t want to hire a tax accountant just to clarify my Koinly settings. Would love to see more support from Koinly side here.

[Seba]

Why has my reply to this answer been deleted without any notification or explanation?

[Aria_Koinly]

The settings that do not trigger a warning are up to you to choose. We provide an explanation for each one so that you can decide how to set them based on your situation.

For example, you can choose whether to include profits and losses from futures trades (Other Gains) in your Capital Gains P&L. To determine if this is allowed in your case, you should consult your accountant.