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Hey there,
I got into the crypto market roughly at the start of 2018 and started investing wihtout knowing anything. Now as i have done some research and am aware of the tax obligation, I want to do it by the book. SO for someone who hasnt declared anything at all since the last financial year and who has made thousands of trades across numerous number of exchnages, what can i do?? I have been trying to find a simple plus accurate way to do this, however i cant seem to find a good option. Is anyone able to suggest anything or any tax agents that might be able to help me. I just dont wanna get into trouble or get with with a hefty fine later on down the road.
Thank you and have a good day.
Most helpful response
ATO Certified Response
on 16 July 2019 03:34 PM
Replies 0
Hi @ethandbtcholder,
Welcome to our Community!
We can provide general information here about your tax and super obligations and our guide on How do I calculate capital gains tax on cryptocurrencies? may help as a starting point. You can also find some information on record keeping for cryptocurrency on our website.
Thanks, JodieH.
Most helpful response
ATO Certified Response
on 16 July 2019 03:34 PM
Replies 0
Hi @ethandbtcholder,
Welcome to our Community!
We can provide general information here about your tax and super obligations and our guide on How do I calculate capital gains tax on cryptocurrencies? may help as a starting point. You can also find some information on record keeping for cryptocurrency on our website.
Thanks, JodieH.