The ATO Knows About Your Cryptocurrency Disposals (July 2020 Client Alert)

| Bitcoin

As previously reported, the ATO has gathered information about Australians who have cryptocurrency dealings. They are now showing the following message on applicable taxpayer’s ATO prefill reports:

 

Additionally, many crypto investors have been receiving emails from the ATO like this:

 

If you’ve bought, sold, mined, staked or traded cryptocurrencies like bitcoin, then as Australia’s GO-TO Cryptocurrency Tax Accountants we can help you lodge a legally compliant tax return that gives you peace of mind that you’ve done what the ATO expects and also legally minimised your taxes.

Go here to read more about how we can prepare and lodge your cryptocurrency tax return: https://www.cryptocurrency-accountants.com.au/tax-return/

To read other July 2020 Client Alerts, click here.

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