Koinly are currently running a promotion alongside
for a 100% discount on their pro plan. Usually $389.
Pro plan includes:
With the ATO focusing on down on crypto trading, Koinly make it easy to work out Capital Gains and Losses.
Limited to 500 sign-ups - then the code will reduce to 30%
US$20 for referrer and referee.
Noice!
TYSM
Awesome, thanks
Excellent thanks OP
Nice, thanks
Thanks mate!
This is a killer deal for me. Thanks OP.
Thanks OP
Works for 22-23 financial year as well!
Thank you! Bought plan for this financial year since I already got the 21-22 plan.
OP, thanks for sharing!
Great deal. Thanks!
There have been a few of these codes floating around for different AU exchanges like CoinJar etc. Grab this one while you can :)
Do they do share market too ?
Or just crypto ?
Gone already?
nevermind, just didn't work until I refreshed a couple times. Thanks!
Where do you add it
In plan→choose pro→add coupon
top right corner, click on your profile pic > plans > select pro > enter code
Great thanks for sharing.
Awesome, thank you ✌️
Thanks OP.
Great. Thanks. I already messed up how much profit I made. Hope this can work it out. 🥸
Already done by the looks?
Down to just 30% discount already
Just used for the full 100%
EDIT: looks like the code changed
Only discounting to $272.30
Yep only goes to $272 for me
Thank OP for sharing ☺️
Referral bonus is showing up for me as $40 each for both referrer and referee, rather than $20 in OzB referral system.
GONE! Pro plan now $139.00 :(
Works on all plans
Looks like a 30% off now.
It was probably an error. Doesn't work anymore
It wasn't lol just the first 500 got a free plan.
I'm salty.
I bet a bunch of vultures who made 1 or 2 trades or don't even hold crypto used the code.
Guaranteed, people who did like 1-5 trades used it for whatever reason.
i didnt even know i did 237 till i checked so i guess thats something hah
Yikes. I had a lot more transactions than I realised too!
Can you check how many you've done before paying?
You had two chances.
Cannot look off ozbargain for 15 minutes.
Edit 3 chances now. Looks like you have missed out again 😐
Ah yes, those vultures aren't gambling correctly! My investment in this useless Ponzi is far less vulturey.
Thanks OP! Had a chance to grab a 100% off!
same as my crypto stocks! almost 100% down
Down down, prices are down.
Coles prices are up up, prices are up.
how annoying, would've been handy to compare this to the other sites i've used in previous years. ah well - was quick & painless to close that account and just call it 5 minutes wasted.
dang it the one time i stepped away from mobile/pc for 30 min.
well i do aim to spend at least 30 min a work day doing actual work…
I came 17 mins after post and it was all gone. Sad tings
I came 17 mins after post
I didn't realise bargains were that exciting!
I almost spat out my coffee hahha
Grr out of stock
Used Koinly to declare my cryptos and all my losses.
My tax return was much bigger thanks to them.
What did you apply the losses against? Did you sell a property?
Against my income of course. No I didn't do my own taxes. Had my accountant do it. But Koinly made it easy, with printing the tax report and sending it off to her.
Capital gains do not offset income
@isthisreallife22: Exactly why I asked. They must have some sort of special accountant who can disregard tax law.
@WhatWouldBiggieDo: Wrong, considering they work for one of the largest firms. Everything, and I mean everything has to be above board.
I've already been audited by the ATO a couple years back. I don't need to fu3K around to get audited again.
I'm no accountant, so I don't exactly know how it was offset. I provided all documents to them to be sent off to the ATO (if needed I think).
Wish I could really answer in order to help out, but it's not my area of study.
@he11bent: I could be wrong, but my understanding is that if the ATO consider you as a share/crypto trader, your gains/losses are treated as income. Otherwise if you hold shares/crypto as an investment, gains/losses are subject to capital gains tax.
It’s all in how frequently you trade. If you require one of the more expensive plans on Koinly, it is likely your accountant can legally get away with offsetting income if there is a loss. From memory, this is what my accountant had done for me last financial year as well due to the 5000+ transactions.
@Mr Random: Didn't think you can claim against income tax appointed out above.
Day trading have to be your main occupation/source of income then?
I'd like to think cryptos bounce back in a few years but bad timing everytime I bought. Guess have to hold and maybe claim a loss if they go to nothing.
Fyi, if anyone is looking to do up to 100 transactions - you can use code AUSTAX22 for a free plan for the first 50 or 100 (can't recall) people who use code.
Save $59. Not quite good as Pro, but good for folk with low number of trades ie <100
I got this to work on the Pro plan. thanks
Nice, cheers.
[Edit] Oh damn yeah worked on Pro! Nice
Thanks. Worked for a pro membership too.
Works for Pro plan, thank you!
cheers. Got a pro. but I think it's no longer valid.
Haha I didn't even know! Well there you go, free PRO.
It looks like alternative codes are coming through.
Expired
Still get a discount not 100%
Do we have to report to the ATO, if you have only purchased and not sold/cashed out the cryptos?
I don't believe thats a taxable event yet then.
no
I mean if you don't know that you should probably do some research instead of trusting randoms on the internet.
But if you have only bought and not sold, transferred then there is no capital gains event.
No. But need to report if you had exchanged with other crpyto's or received any rewards
Thank you, trustable representative of the Big 4
I don’t believe so - it’s treating similar to stock/property where your net gain/loss is calculated once sold as at the moment it’s only a paper gain/loss and will change.
Obviously check with a professional.
The one area I’m not sure on is how staking rewards are calculated for taxation purposes
Those are still in cryptos and if you havent cashed out, going with the above comments, it not required to be declared?
Noooo I can't believe I missed this. If anyone finds another code please let the community know!
try "AUSTAX22". was able to get the pro version for free.
Well.. there seem to be a glitch n was able to buy the pro version using AUSTAX22 for $0. get it while it lasts
Only give $77 off
not working now :(
this is what I did.
selected the lowest plan and applied the AUSTAX22 and then kept selecting the next higher plans until the pro.
seems like its been fixed
Is this just a dump of the ATO’s prefill data? ie the stuff that any tax agent can download in seconds?
None of this will be on prefill..
Thanks. I foolishly assumed this covered more conventional gains like stockmarket stuff. But yeah nah, damn straight, no crypto stuff will be in the prefill!!
How does this even work if you're getting staking rewards and bought and sold from different exchanges?
You can add multiple exchanges and wallets and it will sync and calculate all your transactions and spit out a single ATO tax report.
my opinion: with how tedious and convoluted the whole crypto tax report is, I don't see the ATO going after/double checking small investors crypto tax reports. It's not impossible but also not viable….wayyyy to much work for one organisation.
are u not doing uit then?
Another one currently working for 100% off Pro:
COINTREE22
Thanks Munnday and jk91!
Working, thanks!
THANKS!!!!
Nice. Thanks OP.