Frankfurt The turbulent stock market year 2020 cost investors quite a bit of nerves. It is a good thing that profits and losses from trading in securities can generally be offset against each other for tax purposes. The withholding tax only applies to the positive balance. Now banks and tax offices are causing problems. Since 2020, investors have had to take care of the correct taxation of their total losses from shares, warrants and leverage certificates in their income tax return – and the deadline for this ends on November 1st.
This is stated in the new regulations on loss offsetting. For the first time they provide that, unlike in the past, total losses from shares can also be claimed at all. Namely up to 20,000 euros per year. This total must also include total losses from warrants and leverage certificates, which could previously be claimed indefinitely.
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