RE: Australian Tax and Selling Steem made as a Sole Trader

Thanks. Yeah I wasn't sure on it at the time I posted this, but after looking a bit more, given I'm a sole trader I'm thinking it falls under the business rules of that instead of capital gain upon selling being the issue it is income at the value it was when earned (so when redeemed on here). I'm not 100% sure though since a sole trader is in that weird spot where it is a business but in some ways you are treated like an individual (like how sole traders have only the one tax return and business income is just part of the personal tax return). It seems the most logical for my situation though based on the information the ATO provides for Bitcoin.

Not sure on the overseas earnings bit, because I've heard that you don't too, but at the same time, I'm sure I have to tell them about any Upwork work despite many of the clients being from other countries (and our govt even takes GST out of what I get on that as they take Upwork's 20% cut as a services fee so they then take 10% of Upwork's cut off as well meaning Australians and I guess countries with VAT probably too earn less than countries that don't force their sales tax on other countries' businesses). I know if I didn't have an ABN for Upwork the tax was apparently going to be much worse. I think it depends on the source of the income beyond just the geographics unfortunately.

Thanks for your comment. I think I'm right about it being income based on the information the ATO provided but it would be nice to be completely certain about it.