Loss certificate required

To claim the losses for tax purposes, you need a loss certificate from your bank or broker. This must be applied for by 15 December of the respective year at the latest.

Only with this certificate can you:

• declare losses in the tax return
• offset losses across different banks

Note on share losses

Losses from share sales may only be offset against profits from share sales (sect. 20 para. 6 of the Income Tax Act (EStG)). Offsetting against interest or fund gains is not permitted.