Get 20% off your crypto tax reports. Ends 30 June.
They have a few plans available at different price levels/transactions - https://koinly.io/pricing/ has the details.
AU$ 59 / 100 transactions
AU$ 139 / 1000 transactions
AU$ 249 / 3000 transactions
per tax year
US$20 for referrer and referee.
What tax ????
Capital losses should still be reported to the ATO!
…too soon?
lmao facts, imagine " paying tax " bahaha, when i make like 50k-100k in crypto, then ye , ill report tax, untill then they can get (profanity) im keeping every bit of money i make.
Used them last year it's good, but binance api is dog shit you gotta fix alot of broken logic. Will use again this year.
If you can't read the data…neither can they..just sayin'.
Does this code stack with the $20 referral?
yep
ponzi money/crypto bros gonna be declaring some capital losses this year I imagine
Couldn't even get past their sign up page - captcha error š¤·š»āāļø
So pay $139 to tell me I lost a lot of money in crypto. No thanks. I will just give my Binance account to ATO and they can work it out.
lmao so true, who the (profanity) even pays there tax on crypto? lmao
Lolz. We pay taxes but only when we make gains on it. I can take the free screenshot from Koinly showing the negative gains and the transaction dump from Binance to back that up for this year. No going to pay $139 to generate a report for a $1100 loss.
Ye i mean if u get a 50k-100k hit in a coin or more, then sure pay the tax, but (profanity) paying any tax for the small gains. they can get (profanity)
Just a reminder, bank your losses people
What's the logic there?
If you have capital gains from previous sales, sell your loses and offset them then rebuy low if you want back in
Nice financial advice - that's called wash trading, and it's not allowed.
https://www.ato.gov.au/law/view/document?docid=TXR/TR20081/Nā¦
You cannot make trades that are purely to benefit your tax position.
@Nom: Funny how people can do negative gearing on properties to benefit their tax position but "not allowed" to do this.
@bigbadboogieman: Yep, the entire tax code is packed full of stupid contradictions like this. It is what it is š¤·āāļø
Imagine the total spend on tax advice and financial services, that only exist because the tax system is so complicated… the savings available to the nation through simplifying are absolutely enormous. And yet it only ever gets more complicated.
I've tried Koinly and CryptoTaxCalculator.com.
Both are very detailed. If you have a lot of transactions accross various platforms and wallets, you're probably going to be spending a lot of time trying to make sense of the transactions and reconciling before tax time.
They're both pretty good but I prefer Koinly's UI, and their prompts make it easier to identify problematic transactions you need to look at.
u dont need to pay tax, just pay if u get like 10k+ or more in profit from a coin, all the small gains u dont need to report
Dude if you're going to give out advice, please try to make sure it's actually correct.
You definately need to pay tax. Stating the opposite does not make it true.
says who? if ur making couple hundred bucks on coins here and there, no u dont have to pay tax, you only pay tax because u " think " u have to, but if u make like 5k or 10k+ then yes pay the tax. small gains u keep[p (profanity) the tax
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I got an email for these discounts. I am too lazy to make my own post but if somebody notices this comment then I hope it helps :) This was an email from CoinJar
ThirtySixNights on 23/06/2022 - 17:52 Comment score below threshold.