How to do Crypto Taxes in Australia (Step-by-Step) | CoinLedger

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  • เผยแพร่เมื่อ 21 พ.ย. 2024

ความคิดเห็น • 122

  • @AndersonHood-b7m
    @AndersonHood-b7m 9 วันที่ผ่านมา +96

    I remember when I just got into cryptocurrencies in 2019 but later in 2020 I sold them because I was stupid and didn't understand them. I studied and learned and now I know how it works. In early 2023 I got back into cryptocurrencies with 10k and in a short period of time I reached 128k.

    • @GeorginaHernandez-u8e
      @GeorginaHernandez-u8e 9 วันที่ผ่านมา

      I am new to cryptocurrencies and don't understand how they really work. How can anyone know the right approach to investing and making good profits from cryptocurrency investments?

    • @louisebennard
      @louisebennard 9 วันที่ผ่านมา

      I lost a lot while trading alone and without any guidance. It was a bumpy ride for me. Who is your mentor please? How can I get in touch with you? I really need help in this market now?

    • @AndersonHood-b7m
      @AndersonHood-b7m 9 วันที่ผ่านมา

      As a beginner investor, all you need is a mentor to hold you accountable.

    • @GeorginaHernandez-u8e
      @GeorginaHernandez-u8e 9 วันที่ผ่านมา

      How can anyone know a professional account manager who is trustworthy and reputable? They are hard to find these days.

    • @AndersonHood-b7m
      @AndersonHood-b7m 9 วันที่ผ่านมา

      Honestly. I will continue trading and sticking to Jess Walker's daily signals and guides as long as it works well for me.

  • @taranpy2528
    @taranpy2528 5 หลายเดือนก่อน +268

    What's the optimal strategy for someone with around $2000 or even less, to begin trading cryptocurrencies today?

    • @teresehougaard5041
      @teresehougaard5041 5 หลายเดือนก่อน

      You need a pro or very goodTrader. Someone like Stephany Reuben

    • @alicedeng9103
      @alicedeng9103 5 หลายเดือนก่อน

      Almost gave up due to constant losses, but Steph turned my luck around

    • @karolinakukielka7690
      @karolinakukielka7690 5 หลายเดือนก่อน

      I went from 34k to 214k with Steph. Thanks to that i paid off my debts

    • @zeezacolefyyp
      @zeezacolefyyp 5 หลายเดือนก่อน

      Leveraging market changes is a remarkable talent Stephany has

    • @taranpy2528
      @taranpy2528 5 หลายเดือนก่อน

      what is the best way to text her?

  • @patwalmick272
    @patwalmick272 7 หลายเดือนก่อน +97

    Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024 Investing with Juliana Heidi

    • @tim.morris77
      @tim.morris77 7 หลายเดือนก่อน +3

      Honestly? I'm so excited. Juliana Heidi strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started

    • @Chefmarcus1
      @Chefmarcus1 7 หลายเดือนก่อน +3

      The first time we had tried, we invested $5,000 and after a week we received $23,400. That really helped us a lot to pay our bills.

    • @sylvia-ys3kp
      @sylvia-ys3kp 7 หลายเดือนก่อน +2

      Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to JuLiana for I and my family...

    • @Carlsbenjamin1
      @Carlsbenjamin1 7 หลายเดือนก่อน

      Wow wow please is there any way to reach her services, I work 3 jobs and trying to pay off my loan for a while now, please help me..

    • @patwalmick272
      @patwalmick272 7 หลายเดือนก่อน

      *She's on telegrams mostly, using the user name.*

  • @JohnLewis431
    @JohnLewis431 5 หลายเดือนก่อน +55

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Felicia Flores

    • @TareVare
      @TareVare 5 หลายเดือนก่อน

      Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

    • @NavasCrawford
      @NavasCrawford 5 หลายเดือนก่อน

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @JohnLewis431
      @JohnLewis431 5 หลายเดือนก่อน

      SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

    • @JohnLewis431
      @JohnLewis431 5 หลายเดือนก่อน

      Reynold35..that's it

    • @NavasCrawford
      @NavasCrawford 5 หลายเดือนก่อน

      Thank you very much. I am really fascinated with investing and I'm lucky to have seen your comment. I'll look up and leave a message.

  • @ElizabethTaylor1
    @ElizabethTaylor1 8 หลายเดือนก่อน +92

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Belinda dawn

    • @JohnLewis431
      @JohnLewis431 8 หลายเดือนก่อน

      You trade with Belinda dawn too? Wow that woman has been a blessing to me and my family.

    • @NavasCrawford
      @NavasCrawford 8 หลายเดือนก่อน

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @ElizabethTaylor1
      @ElizabethTaylor1 8 หลายเดือนก่อน

      SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

    • @ElizabethTaylor1
      @ElizabethTaylor1 8 หลายเดือนก่อน

      MITCHELL110 💯 ..that's it

    • @ElizabethTaylor1
      @ElizabethTaylor1 8 หลายเดือนก่อน

      or you can look her up on the web with her full name Belinda Dawn Mitchell

  • @_joao.pedro_
    @_joao.pedro_ 6 หลายเดือนก่อน +14

    and I'm complaining about 15% tax in my country. 45% is legalized theft

  • @Empresssam
    @Empresssam ปีที่แล้ว +53

    I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

    • @Mattww3435
      @Mattww3435 ปีที่แล้ว

      It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

    • @Mattww3435
      @Mattww3435 ปีที่แล้ว

      I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives

    • @FelixEthan-bk6qc
      @FelixEthan-bk6qc ปีที่แล้ว

      That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.

    • @FelixEthan-bk6qc
      @FelixEthan-bk6qc ปีที่แล้ว

      Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere TH-cam videos.

    • @KelvinLane-dn2pw
      @KelvinLane-dn2pw ปีที่แล้ว

      Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.

  • @rexysa8287
    @rexysa8287 ปีที่แล้ว +3

    Bro, when you migrating to Australia...do i have to pay taxes on the crypto am already holding in my wallets if i sell them? (My point is I purchased those cryptos when am in different taxable country)

  • @martyfinver9969
    @martyfinver9969 4 หลายเดือนก่อน +1

    How do you determine basis on pre icos. Can you transfer at cost to someone or do you need to use current price

  • @thisisfun2008
    @thisisfun2008 ปีที่แล้ว +2

    G'day mate - can you confirm that it is the actual date of my first purchase of EG: XRP that my 12 months begins before I am eligible for the 50% tax discount? Many thanks :)

  • @morgie8907
    @morgie8907 หลายเดือนก่อน

    I learned something new today; thank you for sharing your knowledge.

  • @morgie8907
    @morgie8907 หลายเดือนก่อน

    I never realized how much potential there is in altcoins.

  • @Rahny1
    @Rahny1 8 หลายเดือนก่อน +1

    If someone purchased etherium at 1k then sold at 1.5k is the entire 1.5k apart of income tax or only the 500 profit?

    • @alaricgoldkuhl155
      @alaricgoldkuhl155 8 หลายเดือนก่อน

      No tax on the purchase, just the profits. So your tax on that would only be the $500, not your principal.

  • @Ben-bj1oz
    @Ben-bj1oz 4 หลายเดือนก่อน

    So if you own crypto and haven’t sold it you don’t pay tax right? You just have to report how much you are up or down on your tax return?

    • @coinledger
      @coinledger  4 หลายเดือนก่อน

      You don't pay tax, and you don't need to report it until you dispose of it, or incur a taxable event.

  • @rickys3197
    @rickys3197 ปีที่แล้ว

    Thanks, question please, if i buy 1 Btc at $30k (cost basis) and sell the very next day for $30k worth of Ethereum (approx. 15 eth). Do I need to pay any tax on this transaction please? Thank you and your response is much appreciated.

  • @Ap0c86
    @Ap0c86 10 หลายเดือนก่อน +1

    I can’t find an answer this scenario anywhere and really want some clarification. I buy 2 BTC at $30,000 per and then 3 months later I buy another BTC, this time for $45,000. 2 months later BTC has dropped to $40,000 and I decide to sell 1 BTC. How is this sale calculated tax wise? Is it a loss of $5,000 from the 1 BTC I bought at $45,000 or is it a capital gain of $10,000 from one of the BTC I bought at $30,000? PLEASE HELP!

    • @Lagapaniahunscripted
      @Lagapaniahunscripted 9 หลายเดือนก่อน

      no your price will avg out

    • @philcahill2382
      @philcahill2382 8 หลายเดือนก่อน

      2:57 yes it does if there are fees for the transfer they are deductions.

    • @maxim_mazurok
      @maxim_mazurok 8 หลายเดือนก่อน

      Google "australia tax fifo lifo"

  • @andreandre7975
    @andreandre7975 7 หลายเดือนก่อน

    Hi, please help me to undestand. My situation is this:
    I'm "hodling" BTC in my personal cold wallet (I'bought BTC using Coinbase and then i sent BTC to my Wallet for it custody).
    Now, my plan is ONLY HODLING BTC for a lomg term. So, i really mean "for decades".
    I never sold BTC, and never convert in other crypto. I filed also the currency transfers and the converstion AUD-BTC for every needs.
    At this conditions, as "hodler investor", is my profile subjected by a particular monitoring declaration, taxes or specific laws?
    Many many thanks 🙏🙏

  • @Gorack11
    @Gorack11 2 ปีที่แล้ว +1

    ledger xrp and xumm wallet how to do on coin ledger ?????????????????

  • @barabara1051
    @barabara1051 4 หลายเดือนก่อน

    If i get USDT from my job and sell USDC through P2P, does that count as Crypto?

  • @chao.m
    @chao.m 2 ปีที่แล้ว +1

    What if I am trading in a decentralised exchange?

    • @coinledger
      @coinledger  2 ปีที่แล้ว +1

      Same concepts apply to decentralized exchanges. You can just add your public wallet address to CoinLedger and the software will calculate all of your gains/losses and taxes.
      help.coinledger.io/en/articles/6097108-what-blockchains-dapps-defi-protocols-do-you-integrate-with

  • @thinkingonyx847
    @thinkingonyx847 9 หลายเดือนก่อน

    Capital gains tax when you wrap ETH for WETH and vice versa - its bs

  • @3X073K
    @3X073K 4 หลายเดือนก่อน

    I put 500 bucks into a defi wallet, when i last checked, it had 36 bucks. I figured i got robbed and ditched. Tax man can chase the perpetrators. I wont be doin that anymore lol

  • @jesuschristsaves1955
    @jesuschristsaves1955 2 ปีที่แล้ว +5

    THE GOSPEL
    Moreover, brethren, I declare unto you the gospel which I preached unto you, which also
    ye have received, and wherein ye stand; 2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain. 3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; 4 And that he was buried, and that he rose again the third day according to the scriptures:
    - 1 Corinthians 15: 1-4 KJV
    Greater love hath no man than this, that a man lay down his life for his friends. - John 15:13 KJV
    SAVALATION
    For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
    - John 3:16 KJV
    For God sent not his Son into the world to condemn the world; but that the world through him might be saved. John 3:17
    Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
    - John 14:6 KJV
    Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved. Acts 4:12
    For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life. Romans 5:10
    But he was wounded for our transgressions, he was bruised for our iniquities: the chastisement of our peace was upon him; and with his stripes we are healed. - Isaiah 53:5
    For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast. Ephesians 2:8-9
    And saying, The time is fulfilled, and the kingdom of God is at hand: repent ye, and believe the gospel.
    - Mark 1:15 KJV
    He that believeth on the Son hath everlasting life: and he that believeth not the Son shall not see life; but the wrath of God abideth on him.
    - John 3:36 KJV
    Who hath saved us, and called us with an holy calling, not according to our works, but according to his own purpose and grace, which was given us in Christ Jesus before the world began. 2 Timothy 1:9
    For the Son of man is come to seek and to save that which was lost. Luke 19:10
    The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance. 2 Peter 3:9

  • @nataliejocelyn251
    @nataliejocelyn251 2 ปีที่แล้ว +6

    I will forever be indebted to you ,you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Daria Chloe.

    • @simson7840
      @simson7840 2 ปีที่แล้ว

      I heard Alot of investing with Daria Chloe how good is she?

    • @cryptomatch6950
      @cryptomatch6950 2 ปีที่แล้ว

      @@simson7840 Her guidance has helped me predict the tops and bottoms pretty accurately, which increased my gains substantially.

    • @simson7840
      @simson7840 2 ปีที่แล้ว

      @Shakauna Banks Please how can I contact this woman Daria Chloe? I will also like to invest with her.

  • @Wbstpdl
    @Wbstpdl ปีที่แล้ว

    It's a damn tax law.

  • @LV19899
    @LV19899 6 หลายเดือนก่อน

    Too robotic