You are viewing a single comment's thread from:

RE: Reconciling little things - Crypto tax issues

in LeoFinance2 years ago

Fury works for me also Ry.

Nope, I stopped reconciling as it's pointless as I don't know enough about what the categories mean. There's a spam category which at first seemed strange, but considering what my imports have actually imported (valueless coins I don't even have), it makes sense. Click it though and up pop the warnings about that category as far as hiding transactions. It's the same with some of the others.

I've sent hive, a significant amount, as gifts over the years and they're easy to reconcile, the rest? Nightmare.

Sort:  

Rage is only good when you can action with it, otherwise it's just a headache XD

Is there an "enough" point that will keep the accountant happy? :S

His goal is to keep the ATO off my back, prevent an audit, as that will be invasive and unpleasant.

It's interesting, all these crypto people with their ways of interpreting the tax laws and boasting about how they are going to get around it...After several hours of discussion with my accountant I realise how futile and naive that really is.

There's no enough point. I hope there's a point that the ATO decide is sufficient though. It's up to them, not my accountant, he's just the intermediary.

That point the ATO finds sufficient is what I meant. I know there is no amount that is ever "enough".