If I trade crypto and it is run as a business and meets the criteria to be classed as a business for tax purposes as a sole trader. In terms of inputting the income on my tax return, would I simply put the Mark to market figure (whether a profit or loss) as shown on my tax statement summary provided by my broker on my tax return or would the ATO require me to calculate using the stock take method. Given it literally has the figure on my statement, I am hoping i can just use that as i believe the mark to mark figure is the accounting method used to calculate the actual profit or loss for that financial year. Additionally, if I can use the mark to market figure provided, would i then subtract my expenses such as commissions from that figure?
Note: I checked a previous question asked and answered here a few years ago but I am still a bit confused by it.
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