I have a negative unrealized gain of negative 12700 euros , but my capital gain is 28000 euros positive
If I have a negative why is my gain positive??
The answer is in the wording of realized and unrealized!
Not sure what country you are in but in most you only realize the gain when you sell an asset this means you probably sold some crypto this year and realized a gain which is you positive number.
The unrealized gain is the potential gain or in your case loss if you were to sell your remaining holdings at the current market value. If this value is negative it means your remaining coins are now worth less than what you bought them for.
The only way you can offset the unrealized gains against your realized ones would be to sell your remaining coins. This loss (currently unrealized would then become realized) and reduce your overall gains.
The above is a very simplistic overview and can be affected by other factors e.g. if you are in a same tax year or is it a new one or country specific rules.
To be honest with the amount of gains you have it might make sense to get some proper advice from an expert within your country of residence but Koinly do do guides for some countries.
Thanks for your very informative answer,
I have sold no crypto for fiat since purchasing, only buying other coins with any profit and I started in may 2020 so this is my current figure, I am in Spain and the tax year is from January to December,so not sure why I would have any gain 🥲if I haven’t sold anything
I don,t know what the rules are in Spain but in the uk a crypto-crypto trade is a capital gain transaction. Basically if you sell anything whether that’s to another crypto, stable coin or fiat it’s classed s a capital gains transaction!
I would assume Spain is same.
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