Frantic

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Everything posted by Frantic

  1. Hi,   it is my understanding that if I buy some crypto and I keep them for more than one year before selling them, then the gain i do on that sale is free of tax. I am not a crypto traider, i am a so called holder so I will (and i want to) be in the above case. But what happens if in the meanwhile I add to my wallet some "fresh" crypto ? The same type that I have already ? Are the "old" ones still free of tax after one year ? In other words, is the First in First Out principle valid also for this 1 year rule ?   In order to be more clear I will do a (imaginary) example. On 1st Jan 2015 I buy 1 BTC and 1 ETH. Starting from 1st Jan 2016 I will not pay taxes on gain derivated from sale of these Coins. On 1st March 2016 I buy 2 BTC and 2 ETH.   What happens if on 1st April 2016 I sell 1 BTC and 1 ETH ? Can be that sale considered referred to the BTC and ETH I bough on 1st Jan 2015 and then be considered tax free ? Or the Purchase i made on 1st jan 2016 has in someway reset the "after 1 year is tax free" counter ?        
  2. Too much technical ? 
  3. Around 6th Feb a closed all my positions sensing that Covid-19 would have impacted on the market. Maybe a bit too early ( I guess I lost further 8% of gain before te crash) but I don't regret it at all. Now I was waiting for (at least) a double bottom before putting back my money on the market and increase my Crypto portfolio but all this is going crazily up  Let see now with the Q1 earnings but if I look at the forecasts they are already very low so it will be quite easy to beat them.  
  4. Coronavirus

      As far as I know and I saw, in Munich they are closed.
  5. Coronavirus

      I can say that in Italy if you are at least 50 years old you have the BCG vaccination...in other word you have that scar on the upper arm. My parents, aunts, uncles, etc. they have all, from the oldest to the youngest.   And we know this Covid 19 is deadly mostly for older people...let say from 50 upward.   So I am not sure about the protection factor given by the BCG vaccination. 
  6. I closed my position before the Corona Virus panic because I sensed that the panic would have come. Maybe a bit too earlier ( i lost the last part of rally) but I don't regret at all. Now i am liquid and waiting to enter again. Before starting to build again ETF positions, I was waiting the second part of the crash, the ones that supposedly should occur when the peak/panic will reach USA but it seems this is not going to be the case.  Any view on this ? Do you think a second bear leg is going to come ?
  7. Coronavirus

      Then in this case I am not at all prepared. 
  8. Coronavirus

      Nothing strange here. I always believe that politicians in charge are the mirror/proxy of their own people. Trump is there because a lot of americans liked him, trusted hum and consequently voted him.
  9. Coronavirus

      Is there any clarity on this ? It is my understanding that the death rate in Germany is that low  because here they don't count as a Corona Virus death, someone with other pre-existent pathologies that got worse due to corona but formally died for those pathologies. Is this true ?  
  10. Here in Munich I found V-Markt the one having more stuff when all the other shops (edeka included) were having empty shelves. For the pasta lovers ( i saw past disappearing from shelves like toilet papier) mountains of pasta, from the cheap brand to the mainstream ones (barilla, buitoni) to the top brand (De Cecco, Molisana).   A bit over priced compared to the already overpriced ones (rewe/edeka) but you can avoid to go to several different markets in order to complete your weekly grocery. 
  11. Coronavirus

      In Italy they are catching infected people outside while they should be supposed to be in quarantine. They can be charged for a crime that, translated literally from italian, is "procured pandemy". Till 5 years of jail.
  12. This is staged at late afternoon on a roof of a building facing Piazza Navona in Rome, famous also for Bernini and Borromini art pieces. Usually that place is always crowded by tourists.  Music is Debora's Theme by Ennio Morricone from Once Upone a Time in America of Sergio Leone. Personally I would just avoided the italian flag (I am italian, but I don't like patriotic-drama stuff)    https://youtu.be/JEjaip1ePYM
  13. Coronavirus

    I see here in Munich people still hanging around. I think they don't have still perception of the danger. They are not "scared", it is still for them an issue of other countries, just death tolls on news. I am Italian and I was following since Feb (i guess in much more detail ) what was happening in my country. One month ago talking with colleagues I could see the difference in perception of the danger. I was complaining about the lacks of restrictive measures or even complete lockdown (the sooner, the better) they were saying they were satisfied how the government was taking care of that. Me and my gf started a kind of personal lockdown/quarantine earlier than the one ordered by the Bavarian government.  I was reading an article on an italian newspaper saying that the chinese community in Milan started its own lockdown way before the italian governement ordered it. I guess the same happened in my case here in Germany and for many italians abroad.   People are dying. In some northern provinces (for example Bergamo ones) the count of bodies is so high that not only the local crematorium are saturated but also, now, the ones in all the north of Italy. They are moving bodies to the crematorium in center italy. Bodies in the coffin are "parked" and "buffered" in the churches and since few weeks Army has been called to manage this transport of bodies in a safe way. https://www.youtube.com/watch?v=vKT3Ypxzu4s https://statics.cedscdn.it/photos/MED/83/28/5118328_2328_bergamo.jpg   Since weeks many nurses and doctors are not coming back home to their families in order to avoid to put them in danger. They started to rent together apartments near the hospitals and they live there now. From non official channels i got info that in some (very few I guess) cases a saturation point was reached in term of respirator utilization and that doctors started to make choices like "put the old patients on pain killer (he/she has less chance to survive) and give the respirator to the younger one". This I guess was one week ago and more, when the number of cases was rampaging and the building of additional hypercare stations in hospital was still ongoing.   Most of my relatives are in the south but some of them in the North and friends or friend's relative got Corona (luckily not in a strong way). Perception from their words is that it is easy to get it and they ask us (abroad and in the south) to please do not underevaluate it and stay at home. I guess that there in the north of Italy the number of hidden cases is so high that we have a real epidemy and that is why is so easy to get infected.   In the disgrace Italy got extremely "lucky" because the most affected region (Lombardia/Lombardy) is the one with better health infrastructure in Italy. It is like besieging cannons are firing against the strongest and thickest section of the walls of the city. If the same would have happened in the south of Italy I can grant you it would have been a totally different story.      
  14. I contacted flatex support (that will answer in German...) and I am trying to google with googletranslate helping me but it would be great if I can have an answer here. In 2018 taxation rules for fund changed. I knew it. But i did not know about this fiktive Veräußerung and so I am trying to understand if my broker basically sold and bought again without triggering the capital gain taxes payment ...or yes ? What it is happening actually ? Expecially from a tax point of view, what happens and should I do some actions ? My broker manage automatically the tax part, so automatically capita gains are payed to the Finanzamt. Does this fiktive operations change something ?   I discovered this looking at my Depotbestand and I saw that the "kauf" costs did not match with the one i have on my excel sheet where i track all operations...they were too much near the current value of funds although i bouth them few months ago.
  15. Hi,   can you explain me this 30% tax exemption for ETF that have a minimum % of stocks inside. I am reading a specialized forum in german using google translator but I am struggling to find complete information about the ETF taxation, normal Funds taxations, especiacially after the changes made on 2018.
  16. Hi,   flatex is going to introduce depot cost of 0,111% of the global value of your depot. I am looking around to find a decent broker (already checked "broker vergleich").   Onvista is not an option because they accept just 5-6 nationality and italian is not among them. Smartbroker seems interesting but the fee for the USA market are crazy, at least for my orders volume. It seems the less worse option is my DKB... I don't understand why in Germany brokers are SO expensive.   Do you have any other broker to suggest ? Apart having reasonable fees,  I am looking for brokers that also take care of all the tax part. I mean that deduct automatically the tax I have to pay for a gain, take  in account my losses for tax discounts (for  future gain operations), etc. 
  17. I did not want to hijack this thread that's why I opened this one. Apologize me if this can appear a duplicate.   I am EU citizen, working as permanent employee. In the past year I worked for 2 contracts/projects for an university in my origin country. In order to pay the taxes on this second income I registered as freelance and i felt in the Kleineunternehmen case. I think in the near future  I will continue my collaboration with this university. Actually this is not a real freelance works (the customer is always the same). And this university is hiring me with a fixed term contract aimed to complete a single fix project. For them I am not a freelancer.   My question is: is there a way to declare this second income and pay taxes on it without being a freelance and without involving the university in german burocracy ?
  18. Hi,   people around me continue to tell me this story (or tale?). As far as I know actually, at the end of the year, nothing change if you are married or not and both are working. "end of the year" means after you make the mandatory stuuererklarung when both are not in Tax Categori IV but in 3/5. Even if you are in the 3/5 tax category schema that is just a way to postpone tax payments and, as far as i Know, Finanzamt will start to ask you anticipated payment if the higher earner of the couple is saving too much with his tax category 3.   Can you please shed a bit of light on this. Do you have really a tax reduction if a couple is married ?   Thanks
  19. I already stated that this is has nothing to do with the decision to marry. Please don't go off topic, it is not this the point  It is just a personal curiosity.   About the netto calculator...yes i can calculate mine in 3 and her salary in 5. But what i know is that what it comes out it is not the final taxes you will pay. The tax category is just a way to anticipate the correct tax payments and avoid to overpay or underpay (and then need to balance that with the tax claim).   So what I need to know, APART this 3/5 or 4/4, what is the real saving.   Is there a "rechner" that can state this ?    
  20. Hi DJ,   I still don't get this. Yes we are in a situation were I earn basically double than her but will not with the yeraly tax claim all be rebalanced ? Let say I take 100 and she take 50. The total amount of taxes we will pay, will not be the same, before and after the marriage ? I am including the tax claim in this process.   @fraufruit: yes I agree, it is not still a reason to marry. But the thread is not "should I marry or not?"  
  21. Which part of nebenkosten are tax deductible?

    Hi,   how this costs should be declared in the tax claim when the rent contract involve both the persons are living in the apartment (me and my girlfriend) ? we pay rent and nebenkonsten in a 2:1 ratio (me 2, she 1). Or can i  declare all this expenses just in my tax claim, in order to leverage the fact that i reached the 43% "layer" of taxation ? In this way I should have back more money compared to the case where she submit the same nebenkosten sum.    
  22. Hi,   my current income is at a point where I "just" have tax saving by paying monthly for my bAV. It is very convenient, i monthly forward 300 to the bAV but actually I am just paying around 160 netto. I believe that this tax saving stuff is just about postponing the tax payment on that 300. Actually the advantage should be this (please correct me if i am not wrong): I am saving about 140 euros monthly in taxes that will be invested by the pensiond fund. Luckily on those 140 euro I will have a gain that I would not have obtained if I would have payed them in taxes When I will retire, probably my gross yearly income from the pension will be less than my current one. And for this reason I will pay less taxes. On those 300 euro I will pay, let say, not anymore 140 but 100.   i am not sure about the point 2. When I will start to receive the pensions part from the bav, will it be taxed normally ? Or will it have a special taxation ?   Apart this, is what I believe about this topic correct ? or am I missing something ?    
  23. Hi,   i am looking for a cleaning lady but I would like to know what should I check or pay attention to. She will work on call, so no a fixed agenda. Hourly payed.   First thing it cames to my mind is what happens if she get injured in my home ? Is she supposed to be insured for this and if yes how i can check ? Or should I pay for this insurance. In my home country you pay the ladies with some voucher you buy from post office some "voucher"  and in those vouchers is included the insurance. Is there something similar here in Germany ?   Also, how i can check she is not taking unemployment money ?   Finally, can I put these expenses in my tax claim ? If yes, I guess I need to have invoice from the lady, right ? Has this invoice to contains some mandatory information ?   Thanks
  24. Hi,   i am talking about that man that comes in your home and read from your heaters the numbers related to your consumption and in some case he changes the thingy attached to the heater that indicates this number. In the first appointment one of the heater was not easily accessible (past years the guy  struggled and did it but this year he refuses to do the job) because covered by a wooden structure. He said no problem, you will receive a post card for a second appointment. We called the customer number of the company providing this reading services (Brunata Metrona) and they confirmed us the date of the appointment and asked us to remove the wooden structure before that date. We did it. But the day of appointment no one came. Brunata Metrona on the phone told us that no further reading will happen for this year and all is ook...but they don't answer to my question "ok, which number you put for this heater that you were not able to read ? How are you estimating the consumption for that heater?".   Now what happens ? I guess that the yearly reading is done in order to verify the real consumption and give right number for the end year balance/adjstment of nebenkosten. Am i wrong ? Should I push about this missing reading ?
  25.   I did it according to what they told me 2 weeks ago when I asked to their call center what was the next step. They told me "ok you have a second appointment in 2 weeks and before that date you should remove the stuff". We did it but no one came to the appointment and now they start to say bull*hit about "ah but the first was the valid one"..."ah but if at the first appointment the guy was not able to read then it is now *for ever* not readable so there was no sense in a second appointment", etc etc etc...they keep saying "for this year no further reading".   What puzzles me is also that I did what they told me but not they messup and are trying to put this on me again.