Are fees for the purchase and sale of Cryptocurrency an allowable deductions on personal tax return? | ATO Community

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(Initiate)Initiate

11 Oct 2021

Cryptocurrency transaction fees

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(Community Support)Community Support

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12 Oct 2021

Hi @Sun83 If you have fees related to purchasing or selling your cryptocurrency, this amount will be added to the cost base when you sell or dispose of the crypto. Calculating your CGT - https://www.ato.gov.au/individuals/capital-gains-tax/calculating-your-cgt/

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ATO Certified Response

12 Oct 2021

Hi @Sun83 If you have fees related to purchasing or selling your cryptocurrency, this amount will be added to the cost base when you sell or dispose of the crypto. Calculating your CGT - https://www.ato.gov.au/individuals/capital-gains-tax/calculating-your-cgt/

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Are fees for the purchase and sale of Cryptocurrency an allowable deductions on personal tax return? | ATO Community