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sarah_cortez112(Newbie)Newbie
31 Jan 2024

My client has provided his Koinly Report for the 2023 tax year. It shows there Other Losses of about $2,000. This refers to losses from crypto transactions like derivatives or futures trades.


Also, this is different from the Capital Losses and Expense amounts reported in his Koinly report.


How do claim this "Other Losses" of $2k in his individual tax return?


Is it to be claimed as outright deduction or part of his Capital Losses?

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How do I record Other Losses in Koinly Report for the 2023 tax year? | ATO Community