Which tax returns do I need to submit for my capital gains?
October 4, 2023 | 45,00 EUR | answered by Anna Karpinski
Dear tax advisor,
My name is Helma Zellerbach and I am currently dealing with my capital gains. I have various securities and funds in my portfolio that regularly generate income for me. However, I have never filed a tax return for these capital gains before and I am unsure if I even need to do so.
I have heard that there are different types of capital gains, such as interest, dividends, or capital gains. Since I have invested in various assets, I am not sure if I need to file a separate tax return for each type of capital gain. I am worried that I may have evaded taxes or made incorrect statements without knowing it.
Can you please explain to me what tax returns I need to file for my various capital gains? Are there specific forms or attachments that I need to fill out? How can I ensure that my tax returns are accurate and complete to avoid any penalties or back payments?
I am very grateful for your help and hope that you can assist me with this matter.
Sincerely,
Helma Zellerbach
Dear Mrs. Zellerbach,
Thank you for your question regarding your capital gains and the associated tax return. It is understandable that you are concerned about whether you may have evaded taxes or provided incorrect information. I would be happy to assist you in this matter and provide you with the necessary information for submitting a correct tax return for your capital gains.
First and foremost, it is important to know that capital gains are generally taxable in Germany. This includes interest, dividends, and capital gains from securities and funds. So, if you regularly receive income from your investments, you should generally file a tax return. The type and amount of taxes depend on various factors such as your personal tax rate and the type of capital gains.
For the submission of your tax return, you will typically need to fill out the "Anlage KAP". This attachment lists and taxes all relevant capital gains. You may also need to fill out additional attachments such as "Anlage SO" for other income or "Anlage AUS" for foreign income, depending on your sources of income.
To ensure that your tax return is correct and complete, I strongly recommend seeking assistance from a professional tax advisor. An experienced tax advisor can help you capture all relevant capital gains, provide accurate information, and take advantage of potential tax benefits. This minimizes the risk of errors and inaccurate information that could lead to additional payments or penalties.
In summary, it is important to declare your capital gains in your tax return to pay taxes correctly and avoid any potential issues. With the help of a professional tax advisor, you can ensure that your tax returns are accurate and complete.
I hope this information was helpful to you and I am available to answer any further questions you may have.
Best regards,
Anna Karpinski
