I would like to understand how do german residents file income tax themselves (i.e. without availing services of a tax consultant) for the capital gains while using trading212 for buy/sell.
Since online filing is way cheaper (35 euros vs ~200 euros), I would like to know if a tax consultant will be a MUST.
From what I understood, if one has an account in a german bank/broker, then the bank/broker withholds tax and the investor would probably get a certificate at the end of the year using which he/she can file taxes easily online. Does trading212 provide any such certificate?
I currently use an online platform to file taxes, it asks for entry of capital gains etc. Assuming one has to perform all calculations himself, my questions are:
Is it sufficient to report capital gains as per one’s calculations? I don’t see a way to declare buy/sell price of shares. Maybe it’s not needed.
In case of ETFs, one is supposed to pay pre payment tax. There are calculators available for that. Can one simply use those calculators and report capital gains.
Thanks a lot.