I was beating myself for missing this deal. So I did a random Google search on Koinly codes just to try my luck and this one from Swyftx came up.
Says 30% off the tax report for both new and existing users, but I just tried redeeming this code and managed to get Pro plan for free for both FY22 and FY23. YMMV but give this code a try and see if it works for you.
via Swyftx
US$20 for referrer and referee.
:( not swiftly customer
Works regardless on Koinly
You don't have to be Swyftx customer
Just simply enter and apply the code at koinly checkout.
Finally grabbed for both 2021-2022 and 2022-2023.
Thanks! I finally managed to grab one.
Good one 👍
Though the post should link to Koinly?😁
Thanks OP :)
Thanks OP!
If i want a tax report from mining, should i just add the eth address? Or need to link the exchange too
you should link all exchanges, all wallets, all everything, or you're missing the benefits of having something tracking all of it.
Isn't this a security risk? Linking your wallet to some third party reporting tool? No issues with funds being stolen this way?
Genuine question.. new to this.
Its just the API, but feels more accurate manually adding csv files.
@rover100: Yeah downloaded the CSV for the CDC app, couldnt find how to do API from the app. The online site doesn't provide a login, and seems you have to convert your account to exchange or some BS which became too hard (particularly if it renders the visa card option useless.
@G-rig: Don't use the API from CdC, it's missing random things - the CSVs from the CdC app and Exchange are the way to go.
No security risk - you're only granting READ access. The tools can't actually access your wallet - they can only see what's moved in and out of it.
You're allowing the reporting tool to read your transaction history, not make new transactions.
For the API keys on exchanges, most exchanges allow you to create read only keys which can't transact.
Thanks firestint!!!!!
done, thanks
Not all heroes wear capes.
Thanks firestint!
OMG THANKS
i missed the last few by minutes…
got this one, on pro and added heaps of extra transactions for this year and next year!
thanks grabbed one
Brilliant… thanks OP!
Only discounting 30% for me? What am I doing wrong?
Says $272.30 for me?
same
yeah me too. looks like it is gone
I think has been ozbargained
I got 30% off only but not free :(
Thanks OP!
Not free anymore
I can’t believe I missed it twice in one night
I missed it 3 times each by a matter of minutes the last time they were all getting posted
Still haven't got one yet….
No luck again
DANG! Missed again!
Shit, paid $90 for mine six months ago :/
farrout, Ozbargained within 20 mins of the deal being posted
Missed it again
. 30% off, but not 100%>
may be get more codes mate if you can :)
Ozbtax722, make i happen
is it code or just nothing bro ?
Missed out it seems :-(
Missed out again
Damn need it for 1 year, didn't check ozbargain quick enough.
Damn missed this again
Marking as expired, sorry if you missed out
bro share it more incase you have any :)
(profanity) sake
https://cointax.wtf/calculator
Free and does the job just fine. You may just need to adjust the date format in coinspot csv output files.
Just read that this thing calculates using FIFO method only currently.
What does koinly do? I thought FIFO is the right way ?
Koinly has a few options. FiFO, LIFO and a couple others, with FIFO as the default.
FIFO is the "normal" way - you wouldn't usually choose a different method unless you have a good reason.
@Nom: I find that it depends on how you do your trades, and whether you want to realize a gain or loss?
For ex:
Buy 1 BTC @ $54k
Buy 1 BTC @ $28k
Sell 1 BTC @ $32k
The Sell would be a $22k loss under FIFO but a $4k gain under LIFO. I prefer LIFO in this case (I don't mind waiting for the return of $54k BTC, or maybe narrowing down the loss).
@JaxSantiago: Right, but the NEXT sale of the second BTC makes up all the difference… and then some (if the price changes dramatically). For this reason you can be significantly better off with either method, but there's no way to predict which !
thanks for sharing
I read somewhere that between the free version and paid it's the same if you don't have too many transactions. So no paid ver is okk
It's not because you can't generate any report on the free plan
Oh I see. Okay purchasing a plan it is then.
OP uncovered any more?
I have a question. If i have not touched my account for a year and might have moved from 1 currency to another, (Bitcoun to Etjereum internall. Do I still need to lodge it ubder tax returns.I paid nearly 1400 dollars last yera??? PLZ HELP.
If you converted from BTC to ETH, yes you would have to lodge if you had a capital gain.
If you receive affiliate payment (commission) in Swyftx and you don't have an ABN, is that payment considered - and has to be declared - as Income in your tax return?
Usually yes - but Koinly will already know this and will categorise it for you. It knows what is Income and what is CGT, and calculates each figure accordingly.
It treated the affiliate payments as Deposit for me. And hence don't show as Income on the Summary.
OK, then I think your next port of call is your accountant for a definitive answer.
Staking interest and Referal payments are income in Koinly - not sure why it would class this differently.
Tried that code in the OP at the time of the other thread and didn't work.
Shame you can't just buy koinly now and use for both tax years?
(ie. 365 day subscription like any other software)
Missed again..
Looks like I have to beat myself twice to get a free code
'I was beating myself'……..way too much info.
Missed it!… By 9 hours.
And I'm a big swyftx user.. They did not promote this very well, whether intentionally or not.
And I'm a big swyftx user.
Out of curiousity, is there a reason? There are far better exchanges with less fees whether trading or withdrawal fees. E.g. Kraken which also has PayID.
None other than for some reason wanting to go with an Australian company which I think swyftx has the lowest fees. I use kraken as well for staking so maybe I should move everything there..
Missed it again… not a good Ozbargainer! Why did I need to sleep!?
Missed again haha hopefully the next one posted can also comment in here! Subscriptions didn't seem to notify me!
The OP didn't post for Koinly. They linked to Swyftx. I changed it but by that time the subscriptions had been fired.
Those who all missed it, follow the below steps to not miss it next time if someone post it on OzBargain.
Done - Every time there is something related to Tax Software you will get a notification.
You can do so for any other feed too, it will only work if there is a feed so look for tags instead of any URL.
To make it easier, Pin the Feeder extension icon to the browser and visit the URL on OB that you want to add, if you see a + on the extension icon it can be added to the feed. If no, it can't be.
Hope this helps. Never miss a deal again!!
ozB also has a feature to send you an email when your tagged phrase has new items listed, but it's designed so poorly it takes me forever to find it every time
but it's designed so poorly it takes me forever to find it every time
Why is it designed poorly? You can find it by searching for the phrase and then getting a search alert.
e.g. do a search alert for tax software and then create an alert by hitting the create alert button.
Keep in mind deals will only show up in the tax software tag if the OP has tagged it properly or a mod/power user has edited it after creation.
Alternatively you can subscribe to stores, e.g. Koinly, then hit the subscribe button to be notified (via email/site notification).
I think maybe I expect to be able to subscribe from e.g. this page https://www.ozbargain.com.au/tag/tax-software?
not trying to talk ****, just being real that the process is never obvious to me even after having done it before
@[Deactivated]: Tags show up only if people have tagged it in the deal or a power user/moderator later. Search alerts will pick up the phrase in the title and body and will generally result in better findings. Maybe it's worth putting a notice on the tag page to do a search for better results.
the notifications for alerts as per your steps only appears in OzB and if opted for emails.
In my steps, it shows up as numbers on the Extension icon in the browser itself.
You may not have OzB open all the time, but browser in my opinion is used all the time.
That is an incredibly smart idea. I've always had to search through different related words after words and having an application that finds what you're looking for an related types is amazing
These deals are popular and for the Feeder to send notifications in 2 hours only defeats the purpose of getting one for this deal. Wanting less than 2 you gotta pay. Do you have any other feed suggestions?
The feeder has the update speed option of 1, 5, 10, 30 Minutes as well.
missed it again :(
Cool thanks now I just need some software to track my Herbalife losses too.
I just used 'crypto tax calculator'…
There will be a few bitter people who will miss this deal and like the 6 others before it.