BF24
Got it in the email:
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Simply use the below code at checkout:
BF24
40% off Crypto Tax Reports @ Koinly (Hodler Tax Plan $89.40 for FY24-25)
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US$20 for referrer and referee.
This is part of Black Friday / Cyber Monday deals for 2024
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Yea, I realized they have increased the price too. it was $83 after 40% discount last year.
So can the government still track how much you earn in Binance?
ATO does track some exchanges, but not sure about Binance.
They certainly requested Binance about millions of ozzies. Binance now has its own tax solution and it automatically tracks and reports things that Koinly forces you to do manually or take the highest plan with individual accountant.
I would think Koinly is still the way to go to monitor your cost basis across many years, exchanges, hardware wallets etc as opposed to activity only being recorded via Binance.
Yes, I never rely on a single exchange. Thinking to move coins to cold wallets, but have been lazy taken amounts are not huge. .
Even then, Koinly or CTC leave a LOT to be desired. I have had more success with CTC than Koinly, but they both still have issues tracking it all properly.
@JMxoxo: I have thousands of transaction. Initial setup yielded some manual clean up, everything else via Kraken API is correct on my experience. Some exchanges are terrible even with API.
Any discounts on Syla or Crypto Tax Calculator that anyone knows about?
Wish they would release plan for 2025-2026 already to pay in advance for future tax years.