CoinLedger fully supports Australia for crypto tax purposes. For detailed information on how cryptocurrency is taxed in Australia, please read the complete guide on our blog:
To get started, select the Australian Dollar and Australian Tax Year in your account's Tax Settings. Then, press Save. You can now navigate through the rest of the app and build out your capital gains and losses reports.
Once you have imported and classified all of your transaction history data, you can view a free preview of your gains and losses on the Tax Reports page. When you are ready to purchase your Tax Reports, select Upgrade to Unlock.
CoinLedger provides all the tax reports you'll need to report your crypto taxes in Australia. To report your capital gains from crypto, you'll need the ATO Individual Tax Return Supplementary Form. To download this, navigate to the Tax Reports Downloads menu and then click on the ATO Forms tab.
Finally, click Generate next to the ATO Individual Tax Return form and then click Download.
To report your crypto on your taxes, enter your capital gain or loss from the Tax Reports page on Section 18 of the ATO Individual Tax Return. You can also use the Income Report from CoinLedger to report any crypto income on Question 2 of the form. To learn more about this process, please see this guide written by our team of in-house tax professionals.