🌍 Everywhere · 6 min
Crypto losses on your tax return: offsetting and the Danish asymmetry
How crypto losses are reported, how they offset gains, and why the rules differ so much between countries.
A falling market often means losses. They only count if they are reported correctly and can be documented.
Greece: offset within the year
Gains and losses from crypto disposals in the same year offset each other in Table 4E of Form E1 (codes 865/866 for gains, 867/868 for losses). Only the net gain is taxed at 15%.
Denmark: the big asymmetry
Gains are taxed as personal income at up to around 52% (Rubrik 20), while losses (Rubrik 58) are worth only about 25% in tax. They do not cancel each other one-for-one: a 50,000 kr. gain and a 50,000 kr. loss in the same year still leave a substantial tax bill.
Losses must be proven
To claim a loss you must show when and at what price you bought the coin you sold. Without purchase history a loss can be rejected, while gains are taxed in full.
Tip
Report losses every year, even with no gains. A tool with FIFO across all accounts calculates gains and losses separately, exactly as each country requires.