Australia’s revamped data program to ‘catch out’ crypto tax cheats
The Australian Tax Office is collecting over a decade of crypto transaction data, and tax dodgers could be busted if they don’t properly file this tax season. Go to Source
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Revolut taps Koinly for cryptocurrency tax reports
Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users. Go to Source Powered by WPeMatico
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly. Go to Source Powered by WPeMatico
Study claims 99.5% of crypto investors did not pay taxes in 2022
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study. Go to Source Powered by WPeMatico
Aussie treasurer promises crypto regulation next year amid FTX debacle
A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse. Go to Source Powered by WPeMatico
P2E gamers, minors not any safer from the tax man, says Koinly
Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists. Go to Source Powered by WPeMatico
Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes
The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake “Beacon Chain” merging with the … Read more
Celsius vows to return from bankruptcy but expert fears repeat of Mt Gox
The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time. Go to Source Powered by WPeMatico
Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now
PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether. Following the incredible bull market, crypto investors enjoyed over 2020 and 2021; you may … Read more
Portfolio in the red? How tax-loss harvesting can help stem the pain
“If you’ve made a sale during the tax year, and you’ve sold at a loss, there’s basically a benefit there,” says Koinly’s head of tax. Go to Source Powered by WPeMatico
