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Crypto Tax: How Investing Will Impact Your Tax Return

Crypto Tax: How Investing Will Impact Your Tax Return
lifehacker.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lifehacker.com.au Daily Mail and Mail on Sunday newspapers.

Australia , Aussies , Australian , Tim-loh , Mena-theodorou , Service-providers-dsps , Personal-use-asset , Bitcoin-cash , Assistant-commissioner-tim-loh , Designated-service-providers ,

How Investing in Crypto Will Impact Your Tax Return

An expert shares their advice on how to approach tax time if you've bought or sold crypto this financial year. Here's what you need to know.

Australia , Aussies , Australian , Mena-theodorou , Service-providers-dsps , Lifehacker-australia , Personal-use-asset , Bitcoin-cash , Designated-service-providers , ஆஸ்திரேலியா , ஆயீஸ் , ஆஸ்திரேலிய

How Investing in Crypto Will Impact Your Tax Return

(Photo by Yuriko Nakao/Getty Images)
So, you made some money off crypto investments this year. That’s exciting news. But what do you do come tax time?
That’s the question a whole lot of Aussies are asking at the moment, and seeing as we have tax tips on the brain right now, we in the Lifehacker Australia office thought we’d seek out some advice for all you cryptocurrency champs.
Mena Theodorou, the co-founder of Australian cryptocurrency exchange Coinstash, spoke to us over email and shared his thoughts.
Crypto is hot right now, so the ATO is paying close attention

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Older Aussie investors rush on Bitcoin

Technology
by Anthony Keane
Premium Content

Older Australians are rushing into buying Bitcoin and other cryptocurrencies to grab a slice of stunning financial returns, but are being urged to tread carefully.
Cryptocurrencies are not just attractive to tech-savvy Millennials and younger generations. New data from Australia's largest cryptocurrency exchange, Coinspot, shows almost one in three of its customers are now aged over 40.
Crypto craziness continued last week with fresh record highs and US platform Coinbase making its stock exchange debut valued at $110 billion amid wild share price swings.
In Australia, Coinspot now has one million customers and its co-founder and CEO, Russell Wilson, says it has noticed a 350 per cent jump in users aged over 40 in the past year, with some aged in their 70s.

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Older Aussie investors rush on Bitcoin

Older Aussie investors rush on Bitcoin
cqnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cqnews.com.au Daily Mail and Mail on Sunday newspapers.

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Coinbase IPO ushers in new crypto era, and Brisbane's Coinstash is ready

Coinbase IPO ushers in new crypto era, and Brisbane's Coinstash is ready
smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.

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Coinstash wants to let Australians spend, earn interest on, and borrow against their crypto holdings

Exchange platform Coinstash has bold plans to usher Australia into a new cryptocurrency era, one where individuals will be able to actually use their digital coins as they would fiat and physical assets.

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With the Bitcoin price up overnight your crypto Tesla just got cheaper

With the Bitcoin price up overnight your crypto Tesla just got cheaper
Bernd Struben | April 9, 2021 12:37pm |
More on:
The
Bitcoin(CRYPTO: BTC) price is up 3.5% over the past 24 hours. One Bitcoin is currently worth US$58,279 (AU$75,687).
Bitcoin is now less than 6% off its record highs reached on 14 February this year, according to data from CoinDesk.
Should you take Elon Musk up on his Bitcoin offer?
In March,
Tesla Inc(NASDAQ: TSLA) founder Elon Musk made global news (again) when he announced the company would accept Bitcoin in payment for its electric vehicles. Commencing in the United States, that offer is expected to go global later in 2021.

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