Is there any legit way to not pay tax on gains?
Australian Tax and crypto
Aaron Taylor
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Bentley Williams
I'm working through 3 years of trades with crypto tax people now. Fucking pain in the arse it's almost impossible to bring all that information together, especially from 2017 when you were basically buying and selling shitcoins every day on exchanges that don't even exist any more.
Australia following the US on c2c trades is fucking stupid, it should just be money in, money out.
Angel Rodriguez
hold over 12 months for the cgt discount
if trading is your job you can have it taxed as income
if you have a company you could prob filter it through that and pay company tax
besides that, not really
Jose Phillips
reminder ato consider as ctg if u transfer from wallets to binance to wallets for a single trade. These jews are fucked. If u transfer ur shitcoin to aave that is also ctg.
Nathaniel Roberts
without a single trade*
Wyatt Jenkins
HAHAHAHA
Get a crypto tax agent immediatly, if you have opened an account on btcmarkets, coinspot, coinbase
you're fucked if you hadn't register the trades.
I did three years of peiceing together shitcoins and paid my agent $1,700 for the benefit of it. Better than prison.
Thomas Brooks
lmao fuck these kooks
Isaiah Murphy
>Haven't paid any taxes
>Haven't gotten any emails
I've compiled spreadsheets for all exchanges of trades and deposits/withdrawals that haven't imploded yet but I'm not going to take any action until they tell me to do so. On another note, how does Bitmex work when you get liq'd?
Zachary Stewart
I kmow the rules. But uh, the ATO can’t track every wallet and coin through each wallet. The problem is retrieving the cash...
Bentley Brown
did you wait until you got an email?
now im freaking out