Blockfolio rating + Aus tax advice

[Anonymous No.6089921]

Give it to me straight /biz/, am I gonna make it? Last hold is POWR, only bought into it and PAY very recently.

Also if you're an ausfag ask any questions about tax on crypto

[Anonymous No.6089985]

PAY is garbage. Hold XLM instead. Hire an accountant with crypto knowledge to do your taxes. Dont forget to do your mediation tonight.

[Anonymous No.6090034]

Immah die

[Anonymous No.6090100]

>>6089985
Can confirm I'm in tax

Obvs what I say here isn't financial advice, but if you have any questions about shit to do before 30 June ask away

[Anonymous No.6090280]

>>6089985
Also what's wrong with PAY? I like the fundamentals behind it But I do admit the roadmap is pretty far

[Anonymous No.6090282]

>>6090100
what city mate? If adelaide shill your company for me to use.

[Anonymous No.6090349]

>>6090280
Card payment services got wrecked recently by some news, not sure of the details of the top of my head. Seriously look into stellar and fairx

[Anonymous No.6090391]

>>6090282
Not in Adelaide. Feel as though if you were looking for someone to deal with your income tax a mid tier firm would probably be best if you don't know an accountant who has a decent idea about crypto

[Anonymous No.6090713]

>>6089921
If I'm just withdrawing AUD into my bank account, its just got to be declared as income tax right? Guessing this is something an accountant can do, if you know any reasonable ones in Melbourne I'd be interested in speaking to then.

Assuming all they need is receipts if shit too.

[Anonymous No.6090815]

ausfag here. I diversified into too many coins with $200 and my gains are only $50 since start a couple days ago (still not bad but slower than potential). Is it a good or bad idea to dump some coins and focus on 1 or 2? I have LINK, REQ, BAT, FUN, XLM and TRX

[Anonymous No.6090823]

>>6090100

What's a taxable event here mate? I sell shitcoinA for ETH then ETH for fiat - is that 2 taxable events or one?

[Anonymous No.6090930]

Im a dual nz citizen, if i cash out there will aus try to rape me with tax too?

[Anonymous No.6091039]

Is it true you need to hold an asset for 12 months to reduce tax on it, or can you still get it if you've been trading. Also I have 1.1mil in crypto atm, if I want to use it to buy property at some point any tips to reduce tax?

[Anonymous No.6091611]

>>6090100

Anon pls

[Anonymous No.6091754]

I want to sell my BTC for some of these coins, what should i do?

[Anonymous No.6091789]

Sorry all was buying dinner, will read now

[Anonymous No.6091929]

seriously wondering wtf to do myself. if there is anymore gains to be had in this. Started November 21 with 12k. I'm a believer now but wondering how to minimise tax

[Anonymous No.6091977]

>>6090713

Yes, but take note that going from coin to coin also triggers a taxable event since you have essentially realised the gain/loss.

Not sure about in Melb though if I didn't know anybody I'd personally go to a larger mid tier firm since they're bound to have someone who is interested in crypto and will be willing to take you up as a client (in general, larger mid tier firms would look to expand their knowledge in this area anyway and have the capacity to do so on a larger scale)

>>6090823

Two, though keep in mind this doesn't really affect you if you were to do it instantaneously, since you'll only be taxed on the gains you make AUD wise (so in the situation where there is a movement from shitcoin to eth then eth to fiat, and the ETH/AUD rate stays the same, you essentially only pay tax for the gain you made on the shitcoin)

[Anonymous No.6092050]

>>6091789
what was for dinner lad

[Anonymous No.6092063]

>>6091977

Great thanks anon. Would you recommend an accountant in Sydney or do you think I could manage it myself with mytax if I mostly just hold? I've made at most 15 trades and any BTC or ETH trades were passthroughs to buy other coins.

[Anonymous No.6092078]

You don't need to pay taxes on crypto in Aus.

[Anonymous No.6092105]

>>6090815
>00 and my gains are only $50 since start a couple days ago (still not bad but slower than potential). Is it a good or bad idea to dump some coins and focus on 1 or 2? I have LINK, REQ, BAT, FUN, XLM and TRX

Are you using coinspot? I realised how fucked my gains were getting due to the shitty buy/sell rates and fees charged on coinspot.

[Anonymous No.6092135]

Anyone know how much you need to have before they cut your centrelink? Student with Youth Allowance dumping all his money into alts here.

[Anonymous No.6092190]

transfer it to binance, you can trade them there

[Anonymous No.6092220]

dont have to pay tax unless you choose to declare it. the ATO has no way of tracking crypto

[Anonymous No.6092367]

New trader from first of Jan here. Is the goldrush over or are there more mooning currencies to be had?

[Anonymous No.6092386]

>>6092220
Movements of money greater than 10g in or out of your account are monitored by austrac, google that if you've never heard of it. and no doubt this info is forwarded to the tax office if they arn't automatically linked. so undeclared crypto earnings is traceable.

[Anonymous No.6092413]

>>6089921
ATO says if you use BTC as a currency for transactions <$10000 it doesn't count for CGT.

So ABC Bullion accepts payments in BTC now. Why can't I just purchase $10000 of gold and then pay no tax?

[Anonymous No.6092460]

>>6092105

I'm using binance

[Anonymous No.6092468]

Will i make it

[Anonymous No.6092470]

>>6090930
Nah senpai you won't get double taxed. Just make sure you declare your taxes to the country that your bank is registered with (so if you deposited FIAT under your bank account in Aus, declare your gains in Aus)

>>6091039

If you've held the asset for over 12 months you are entitled to the 50% discount on your gains.

Nothing special really comes to mind with your second question soz anon

>>6091929

If you're planning some long term hodls then make sure you hold for over 12 months so you can get a 50% discount on gains you make with that particular asset.

If you're a student currently then it's better to declare now rather than later and take advantage of your lower tax bracket imo. I presume you've been trading throughout the year so those trades should technically be realised aka the gains of the trade at that point in time are taxable.

It's going to be very hard for the ATO to track gains made on an international exchange, it'll moreso raise heads once you convert to FIAT.

>>6092050
Nothing special, just got some KFC

[Anonymous No.6092539]

>>6092413
Sounds good to me. brb buying gold to melt into a giant pepe statue.

[Anonymous No.6092629]

>>6091754
Anyone??

[Anonymous No.6092652]

10k by February?

[Anonymous No.6092665]

>>6092367
gold rush isnt over. even big Mcap cryptos will probably at least 3x this year, excluding the possibility of the fuddening. 70% market crypto nuke

[Anonymous No.6092720]

I live in Aus, but am American.. do you know if the 50 percent discount applies to foreign residents? I am a resident for tax purposes as I do work :) tia

[Anonymous No.6092803]

>>6089921
Will zcl reach 1000?

[Anonymous No.6092898]

>>6092720

Yes it does.


Also are you cunts all declaring your gains? Why? Especially if you go from those ID Verification exchanges to non-ID such as Binance. Small shit won't matter ?

Also if your coin moons fucking leg it to somewhere with low taxes for 180 days, FIAT it and come back.

[Anonymous No.6093006]

>>6092470
I believe it's not until you have crystallized gains that you must pay tax on them and your initial investment is tax free. After which you are tax as though those funds were normal income and would be contributed to your taxable income. Then paying the relevant rate of tax, depending on your bracket.

After which, if you had held that asset for a 12 month period or longer, you were eligible for a 50% discount. But, my tips bros. Is this, take advantage of transacting with bitcoin i.e. paying directly with bitcoin. In other words, BUY SHIT WITH YOUR CRYPTO. It is untaxed and capital gains or losses are disregarded and you only need to keep small record of it.

Australia is the slowest country with cryptocurrencies. Take advantage of retarded governments folks, and always do your own research. Know your enemy.

[Anonymous No.6093053]

Forgot to add in my balance, it's been a red day today.

[Anonymous No.6093057]

>>6092460
Quick rundown on how to use binance???

[Anonymous No.6093110]

I read in the news a lot of Aus banks are closing accounts which receive deposits from AU exchanges such as coinspot/btc markets.

Heard anything or had any experiences? Know a bank that support crypto money?

[Anonymous No.6093133]

>>6093006
What are some good australian retailers that accept bitcoin?
I use livingroomofsatoshi to pay bills already. Where else can i spend my crypto?

[Anonymous No.6093170]

>>6093110
I use ING and have no trouble. I have seen that they are pro crypto for the most part

[Anonymous No.6093267]

>>6093170
Good to hear, I might just try to deposit into my NAB account that isn't tied to my home loan first and if they close it doesn't matter as I'm pretty sure they have to cut you a check?

[Anonymous No.6093348]

How are trading bitcoin futures taxed like on bitmex?
Also if I’m doing arbitrage with bots do I qualify as a stock trader? I’m trading between 10k-100k cryptos a day with a profit margin of around 5%.
What perks do I get for being a stock trader? Who should I talk to about setting up the business being a stock trader?

[Anonymous No.6093373]

>>6093057
Sign up using my referral and I'll help you as much as I can.
www binance com / ? ref = 18175882

remove spaces

If you want to add me on discord also add ausbtc#0190, I'm following a few pump and dump groups I'll share the info

[Anonymous No.6093419]

>>6093267
I’ve used NAB for over a year with crypto, done multiple withdrawals and deposits to btcmarkets, never anything over 6k though. I’ve never had any problems.

[Anonymous No.6093422]

>>6089921
>$7k
>worrying about taxes already
relax OP its not like you own DBC

[Anonymous No.6093548]

>>6089921

Do you know anything about buying property directly with crypto? I've seen articles of it being done here, but it didn't go into detail.

What kind of tax would I be looking at if I were to swap my crypto directly with a homeowner for their property?

[Anonymous No.6093569]

>>6092413
If ATO catches wind of your transactions then it'll be hard to claim the $10k exemption (have to prove that the investment was made for personal use and enjoyment, so transactions like that wouldn't hold if they were picked up on)

The ATO is fairly ambiguous when it comes to the wording of this

>>6092720
If you're a resident then yes

>>6093006
The issue with this is is the above. If the ATO ends up picking up on the transactions then it'll be fairly hard to argue that the purchase of crypto was for personal use & enjoyment.

I've mentioned this before but I doubt the ATO will have the capacity to track transactions once your holdings go into an international exchange such as binance/bittrex/etc. If you've bought in with a high amount of FIAT then it will raise alarm bells, but yeah if you're only in with a small amount I doubt the ATO will bother honestly

[Anonymous No.6093600]

>>6093548
If crypto-crypto is 2 Capital gains events, then crypto-house is definitely still 2 capital gains events

[Anonymous No.6093617]

>>6092470

Say you buy 1 Eth for 1k AUD and after a while it's worth 2k AUD but you use that Eth to pay for bills on Living Room Of Satoshi then you don't need to pay any capital gains tax as you're using the crypto to pay for good and services?

Additionally is this also true if you buy stuff on a credit card and then use LROS to pay off your credit card balance (less than 10k) with the profits from your crypto?

[Anonymous No.6093675]

>>6089921
Why are you so diversified? If you plan to hold for a year or 4 then sure, but if not there isn’t any point.

You’re just creating more work for yourself having to follow multiple différent coins. I have 3 times what you do and am only in 5 different coins, 80% is in only two of them

[Anonymous No.6093715]

>>6092413
This is going to depend on what else you have been doing, if you just bought under 10k of bit coins and held then it should be easy enough,if you've been turbo trading alts it may not apply to you

[Anonymous No.6093787]

>>6093617
see
>>6093715

[Anonymous No.6093825]

>>6093675

Thanks anon. For me it's because other than PAY I really like all the other coins. Don't think I'll be holding any other than eth for a year but perhaps a few months? Was planning to set and forget

[Anonymous No.6093852]

>>6093617
>>6093787

Yeah... Given the wording on the site it would hardly be unreasonable to try

[Anonymous No.6093857]

Yo guys is there any other way besides coinbase to cash out

[Anonymous No.6093874]

>>6090100

Any recommendations for financial advisors who specialise in crypto in Brisbane by any chance?

[Anonymous No.6093877]

>>6093852
Sorry, unless you have clearly been day trading, in which case you could be challenged

[Anonymous No.6093905]

Do they really expect people who have been bouncing between coins for a 12 months, across 4 international exchanges, doing 100s or 1000s of transactions to record and show them, AND WORK OUT WHAT THE FIAT VALUE WAS AT THE TIME.
LMAO.
If I just say I invested 10k (accurate) and withdraw 100k and tax me accordingly do they really think they're gunna audit try and audit that shit?
Dumb cuck government would be paying one employee a years wage to try and track down and audit each person?

[Anonymous No.6093938]

>>6093857
not yet, really. there are a number of exchange tokens in the works that are trying to fix this (check out XLM).

[Anonymous No.6093940]

>>6093905
Of course they expect this considering it is the law. Of course you don't HAVE to work out the FIAT value for them, they'll be happy enough to work it out for you.

[Anonymous No.6093958]

RPX

[Anonymous No.6093977]

>>6093905
Actually legitimately curious. Will have no qualms moving to live for a couple years and just claiming tax free somewhere seeing they wont have any chance of tracking shit down

[Anonymous No.6093979]

>>6093569
It was my person enjoyment to make stacks of money and buy nice tings :^)

[Anonymous No.6094002]

>>6093905
Yeah they do, and if you don't they'll just take what they want and throw your ass in prison

[Anonymous No.6094081]

>>6093977
Where are you going to move? Only places I know of that don't have capital gains on cryptos are belarus and singapore. And singapore is hard as fuck to get into.

[Anonymous No.6094084]

>>6093877
Yeah that's how I've interpreted their stupidly vague guidelines, thanks for your help!

[Anonymous No.6094114]

How much will this be by 2019?

[Anonymous No.6094179]

>>6094081
Been a number of threads across here that give options, don't have one on hand here, but there are plenty of options that have flat/low gains tax. Will happily pay a flat 15% and not care to go through hell

[Anonymous No.6094188]

>>6093905
Yeah I have 1000s of transactions across multiple exchanges and have no idea what to do, it seems like half of people who are self claiming tax experts think crypto to crypto is taxable and half think its only when you convert to cash.

I dont see how crypto to crypto is taxable since there is no gain or loss as a result of any order on an exchange transaction, since at the exact time of the trade the ratio price is what ever price your order was for

[Anonymous No.6094254]

>>6093548
Hey sorry forgot to reply. Haven't looked into it in particular but just remember that crypto is considered an asset rather than a currency so it will still be a CGT event.

[Anonymous No.6094262]

>>6094188
https://www.youtube.com/watch?v=tEMxdTz7jE4
This guy seems to say that the ATO says it doesn't have to be taxed, at the moment because it's a grey area.

[Anonymous No.6094344]

>>6094188
What you do is get to work on organizing them all now, there is software to help you.

Tax on cashing out to FIAT has always been a meme, to be fair to the burgers it hadn't been clarified until recently, for ausfags it has been for years.

It is taxable because it is treated as a barter arrangement

You don't use the exact time, you take a BTC price for the day

This is all on the ATO website

[Anonymous No.6094388]

>>6093905
This is what I want to know. What's the point of taxing each individual event anyway? What's wrong with just taxing the ultimate cash out?
I've been playing around with a small amount while I wait for my Independent Reserve account to get verified and already made a bunch of trades without recording the details, since Kucoin doesn't tell you the dollar value of your trades.

>>6093977
I'm actually intending to do this if this turns out to be a good source of income for me. Problem is I I don't know where to go that won't require you have a job or something to live there long enough to no longer be an Australian tax resident.

[Anonymous No.6094434]

Im in Perth and have made quite a lot through crypto, I havent cashed out yet, I realised NZ has no capital gains tax. Australia has a law saying you are liable for capital gains regardless of where you are living. Since I am a dual citizen could I move back to NZ renounce my Australian citizenship and cash out there? or is something preventing this loophole.

[Anonymous No.6094444]

>>6094114
I'm pretty confident you're gonna make it Anon. Have fun with the taxes tho

[Anonymous No.6094467]

>>6094434
You're not liable for capital gains if your a resident for tax purposes of another country.

[Anonymous No.6094472]

Tell me

[Anonymous No.6094479]

>>6094081
Singapore would be good but yeah I can't see how you'd get in there long enough without either finding a full time job there (making it hard to trade) or marrying someone
Or if you're already rich and can do the investors visa thing

[Anonymous No.6094484]

>>6094388
The ultimate cash out is what's taxed, you don't even provide the individual events but you need to keep them on hand. Not many exchanges will show you a dollar value, but you won't necessarily want to use that one anyway even if they did.

[Anonymous No.6094497]

>>6094114
Just made 3k in 14 mins lol.

[Anonymous No.6094516]

>>6094484
>The ultimate cash out is what's taxed

Sorry this was wrong, the ultimate gain is what's taxed, cashing out to fiat is pretty much irrelevant

[Anonymous No.6094520]

>>6094467
You can be considered a australian tax resident while living overseas
Also I'm pretty sure your capital gains are considered realised when you leave Aus, meaning only the gains you make while living overseas will be tax free

[Anonymous No.6094548]

>>6094434
you don't have to renounce citizenship, just become a "non resident for tax purposes" for the year you cash out.

Which means you can't make any money that year from income, and you need to get rid of your australian bank accounts, phone bills, basically anything tying you here.

a hassle, but if you make a mil, it's worth doing for 330k

[Anonymous No.6094556]

Can I just not do a tax return until after december when my 12 month holding time is up for my main hold? Then worry about all the cash in and cash outs then?

[Anonymous No.6094560]

Gday fellow aus fag , wheres ya fucking dbc? Ypu will not make it without this. And you have fuck all money so dont stress about the ato

[Anonymous No.6094615]

>>6094520
>You can be considered a australian tax resident while living overseas
Yes you can, but not if you are a resident for tax purposes of another country which australia has an agreement with. Singapore is definitely one of those countries.
>capital gains are considered realised when you leave Aus
Yeah dunno about that one. Seems like it would probably hold true.

[Anonymous No.6094624]

>>6092135
Nobody has answered you yet, but crypto gains still count as income for tax purposes, and if you gain over the limit per week on Centrelink or for the year I'm sure you will end up owing money to Centrelink. This is just based on my knowledge from people who have worked more than they have declared (accidentally or otherwise) and then had to back pay the excess Centrelink. So I'm sure it's going to be similar but I have no idea how it would work out or how u could minimise it.

[Anonymous No.6094635]

>>6094344
I have been using bitcoin for 5 years, its a absolute mess for me and bitcoin.tax aint going to save me... what type of accountant should I seek out and will pretty much any firm beable to sort this shit out?

[Anonymous No.6094659]

>>6089921

Why do you have so many coins if you're that poor? Just go all in on 2, max 3 or you're not gonna make it

[Anonymous No.6094695]

>>6091754
do it. the one one in red here is btc, thought it was funny at first cuz i thought you planned it that way

[Anonymous No.6094740]

>>6094615
>Yes you can, but not if you are a resident for tax purposes of another country which australia has an agreement with. Singapore is definitely one of those countries.
I was under the impression you'd get taxed on the proportion you didn't get taxed on in the other country (e.g. you get taxed 20% in sg but another 29% in aus cos you're in the 49% bracket) or is that only if you're not considered a tax resident of the other country?

[Anonymous No.6094758]

>>6094635
http://forums.whirlpool.net.au/archive/2567760
see this page. Here's an exerpt from it. This is so vague you could literally just say you held BTC for the whole time if your picks didn't outperform BTCs rise.

Keeping good records is the key. It'll make it much easier for your Accountant and save you in accounting fees. Your Accountant won't need to know the blockchain records (transaction ID or wallet info), they'll need the following info:

Date of trade
Crypto acquired
Quantity acquired
USD/AUD value of Crypto acquired
Crypto sold
Quantity sold

Following on from the above example, and saying the 20 Ether was traded on 30/6/17 for 25 Dash when the USD value of the 20 Ether was $6,000, the trade info your Accountant needs is:

Date of trade: 1/1/17
Crypto acquired: BTC
Quantity acquired: 1
USD/AUD value of Crypto acquired: $1,000 AUD
Crypto sold: AUD
Quantity sold: 1,000

Date of trade: 30/3/17
Crypto acquired: ETH
Quantity acquired: 20
USD/AUD value of Crypto acquired: $3,000 AUD
Crypto sold: BTC
Quantity sold: 1

Tells us you made a profit of $2,000 on disposal of 1 BTC.

Date of trade: 30/6/17
Crypto acquired: DASH
Quantity acquired: 25
USD/AUD value of Crypto acquired: $6,000 USD
Crypto sold: ETH
Quantity sold: 20

If the AUD/USD rate on 30/6/17 was 0.75, then the $6,000 USD was equivalent to $8,000 AUD. So, this tells us you made a profit of $5,000 (8k – 3k) on disposal of 20 ETH.

[Anonymous No.6094765]

>>6094624
Thanks for the help anon.

[Anonymous No.6094794]

>>6094740
You're not a resident for tax purposes for Australia if you are a resident for tax purposes of another country. You don't get taxed in Australia if you are obeying the taxation system of another country.

[Anonymous No.6094821]

>>6092470
If i took a capital loss on a property can i offset this loss against a capital gain in crypto?

[Anonymous No.6094823]

Can I declare the capital gains in my wifes name to lower tax? All input, exchange and withdrawal will be done through my account, so I'm guessing no, but as a married couple, our money is technically our money.

[Anonymous No.6094852]

>>6092078
Then why is this anon saying we need to declare it as income?

[Anonymous No.6094859]

>>6094821
Yes.

[Anonymous No.6094913]

>>6094794
Didn't realise that.
Time to look into that Singapore working holiday again

[Anonymous No.6095020]

Any good/easy crypto tracking sites? CoinTracking doesn't process my BTCMarkets CSV file properly and I cbf manually inputting the hundreds of trades. Is bitcoin.tax any better?

[Anonymous No.6095066]

>>6090034
TRX bout to pop off mah nigga

R8 me

[Anonymous No.6095098]

Soz friends had a shower

>>6092135
>>6094624
Oops sorry skipped over that one (thought I answered it but perhaps not). Use the rates below and find out which one applies to you

https://www.humanservices.gov.au/individuals/enablers/income-and-assets-test-youth-allowance

>>6093905
Have they expected conventional traders to take care of recordkeeping in the past?

>>6093874
Sorry wouldn't know

>>6093977
I mean, at the end of the day you will have still incurred the capital gain from trading in Australia during previous tax years, so it's not like moving to another country will solve that problem.

[Anonymous No.6095103]

How do i crypto while not a US citizen, and my country not being supported in Coinbase

[Anonymous No.6095140]

Staying comfy, waiting for my 10x to blow the fuck up.

[Anonymous No.6095153]

Fuck i hate this cucked country i would be more then happy to leave australia, and if the gov tries to tax/jail i would send all my crypto to ISIS just as a fuck
i earned my $100 its mine

[Anonymous No.6095207]

>>6095140
which one is the 10x?

[Anonymous No.6095238]

>>6089921
Why the fuck would you buy PAY ? TKN is way better both as a coin and card

[Anonymous No.6095362]

Any advice for a crypto newfag? Looking for short term 2x

[Anonymous No.6095399]

>>6089921
I have nearly 200k AUD I want to cash out. Here is my plan.

1. I send it as monero to my relatives in Hong Kong
2. They sell the monero for fiat as there is no CGT in HK
3. I fly to HK, they give me the 200k fiat, and I go to Macau
4. Pretend to be a high roller and gamble for a few days
5. Cash out at the casino, and they wire me the 200k to my aus bank account
6. Return home. Declare no CGT on my tax return and everything is legit on paper if I get audited (flights to HK/Macau, accommodation receipts, paper trail of casino transferring me my "winnings" to my bank account.

Do you see any holes in this plan? I don't want to lose 47% of my gains to the ATO. I already pay like $70k/year on income tax alone, they can get fucked.

[Anonymous No.6095686]

Lads I'm a bit tired rn might answer questions later.

Anyways from what I take it I need to get rid of PAY asap and focus my hodls into 3 coins

I wanna keep ETH, how do i decide on the other 2 (I like them all other than PAY)

[Anonymous No.6095730]

>>6095686
Need an accountant in Sydney for Crypto, recommendations?

[Anonymous No.6095808]

>>6093053
Hey, I'm about there too. Race you to a mil?

[Anonymous No.6095976]

>>6095399
How much FIAT did you deposit at the start onto Aus exchanges?

>>6095730
Really want to shill my firm rn for obvious reasons but i'll hold off. I think any larger mid tier firm would be fine (think BDO, RSM, Pitcher, Crowe Horwath)

[Anonymous No.6096052]

why does /biz seem so ZEC adverse?
developer term seems decent to me, the coin is just lacking popularity

[Anonymous No.6096102]

what happens if we just dont pay?

[Anonymous No.6096222]

>>6096102

you go to prison for tax evasion

[Anonymous No.6096237]

>>6096102

Realistically, it'll depend on how much you've made desu

[Anonymous No.6096698]

Noob here.. just bought $50 on coinbase to test the waters. Thinking of exchanging it to XRP and/or Monero.

My question, within the blockfolio app how can I add the above transaction? I can only see ETH/AUD but I need it the other way around.

[Anonymous No.6096745]

>>6096698
Good luck with your trades

[Anonymous No.6096807]

[Anonymous No.6096814]

>>6096745
Thanks friendo :-)

Not gonna lie, it's still quite confusing at this stage but learning as I go.

[Anonymous No.6096870]

>>6095399
How did you cash in

[Anonymous No.6096907]

Will I make it

[Anonymous No.6096949]

>>6095020
You can use their generic excel import and copy the columns over from your BTCM CSV, might need to fuck around a little but should be less time consuming than manual. There's also custom import which might work

[Anonymous No.6097070]

>>6094635
Can confirm it is a fucking nightmare to go back and get it done, much easier after that though by just staying on top of it. An accountant isn't really useful for this he's going to need you to go and gather all the shit up anyway

[Anonymous No.6097253]

Trash my folio anons

[Anonymous No.6097293]

>>6097253
literally every coin shilled by biz. Nice.

[Anonymous No.6097918]

>>6094794
I did some research and I'm not sure that's correct.
This is from the double tax agreement with Singapore. It looks like unless you go buy a house over there or have family over there you'll be considered an Australian resident only, even if you stay over 183 days in Singapore.

[Anonymous No.6098027]

Adding $1000 this week. What should i buy?

Good so far?

[Anonymous No.6098865]

Small time day trader for fun/hobby here. If my gains are under 10,000, do I need to keep a record of every transaction?

[Anonymous No.6099068]

>>6095103
bemp for answers

[Anonymous No.6099144]

>>6095399

How much did you buy in at the casino? WIth what money? What casino did you stay at? Did you win a jackpot? What bets did you make?

They might ask, but the risk is whether they will or not. They might not ask you at all to be honest theres heaps of rich cunts moving hundreds of Ks to buy houses and shit, you might fly under the radar.

[Anonymous No.6099179]

>>6098865
Depends if you pay tax or do a tax return
Capital gains are taxed as part of your assesable income so even if you only earn a small amount you'll get taxed on it given you're above the tax free freshold. In which case yes you will.
If you're a NEET you probably don't need to bother

[Anonymous No.6099318]

>>6098027
Not at all. Buy REQ and HST amd youre set.

[Anonymous No.6099461]

>>6096237
Say I was to cash out 150k and not pay tax on it. What’s the probability the ATO will come knockin?

Syd btw

[Anonymous No.6099463]

>>6099068
your girl sucks fuck off

[Anonymous No.6099523]

:)