You are viewing a single comment's thread from:

RE: Crypto Investing Basics - Bitcoin and Tax in Australia (Part One)

Thanks for the time you put into writing this article. I've been wondering about how cryptos are going to be treated at tax time and this is one of the first Aussie posts I've seen.

It will be interesting to see how this unfolds in the next couple of years as the new laws are written and tested. There will probably end up being a blockchain based dap to keep track of trades throughout the year and provide a report to the ATO. It could automatically calculate an debit to be applied to the account, which I suppose would be updated every 3 months or 1 year.