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

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  • Опубліковано 20 сер 2024

КОМЕНТАРІ • 108

  • @taranpy2528
    @taranpy2528 2 місяці тому +292

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

    • @teresehougaard5041
      @teresehougaard5041 2 місяці тому

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

    • @alicedeng9103
      @alicedeng9103 2 місяці тому

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

    • @karolinakukielka7690
      @karolinakukielka7690 2 місяці тому

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

    • @zeezacolefyyp
      @zeezacolefyyp 2 місяці тому

      Leveraging market changes is a remarkable talent Stephany has

    • @taranpy2528
      @taranpy2528 2 місяці тому

      what is the best way to text her?

  • @_joao.pedro_
    @_joao.pedro_ 3 місяці тому +8

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

  • @patwalmick272
    @patwalmick272 4 місяці тому +98

    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 4 місяці тому +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 4 місяці тому +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.

    • @Axalalavaara-ys3kp
      @Axalalavaara-ys3kp 4 місяці тому +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 4 місяці тому

      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 4 місяці тому

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

  • @JohnLewis431
    @JohnLewis431 2 місяці тому +57

    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 2 місяці тому

      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.

    • @finaroy
      @finaroy 2 місяці тому

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.

    • @Sarah-yr4ex
      @Sarah-yr4ex 2 місяці тому

      Isn't that the same Felicia Flores that my neighbors are talking about, she has to be a perfect expert for people to talk about her so well.

    • @NavasCrawford
      @NavasCrawford 2 місяці тому

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

    • @JohnLewis431
      @JohnLewis431 2 місяці тому

      SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

  • @ElizabethTaylor1
    @ElizabethTaylor1 5 місяців тому +96

    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

    • @GeorgeKevin81
      @GeorgeKevin81 5 місяців тому

      I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

    • @JohnLewis431
      @JohnLewis431 5 місяців тому

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

    • @NavasCrawford
      @NavasCrawford 5 місяців тому

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

    • @ElizabethTaylor1
      @ElizabethTaylor1 5 місяців тому

      SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME

    • @ElizabethTaylor1
      @ElizabethTaylor1 5 місяців тому

      MITCHELL110 💯 ..that's it

  • @Empresssam
    @Empresssam 9 місяців тому +52

    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 9 місяців тому

      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 9 місяців тому

      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 9 місяців тому

      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 UA-cam.

    • @FelixEthan-bk6qc
      @FelixEthan-bk6qc 9 місяців тому

      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 UA-cam videos.

    • @KelvinLane-dn2pw
      @KelvinLane-dn2pw 9 місяців тому

      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.

  • @3X073K
    @3X073K Місяць тому

    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

  • @barabara1051
    @barabara1051 28 днів тому

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

  • @rexysa8287
    @rexysa8287 Рік тому +2

    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 Місяць тому

    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 Рік тому +1

    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 :)

  • @andreandre7975
    @andreandre7975 4 місяці тому

    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 🙏🙏

  • @Ben-bj1oz
    @Ben-bj1oz Місяць тому

    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  Місяць тому

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

  • @thinkingonyx847
    @thinkingonyx847 6 місяців тому

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

  • @Gorack11
    @Gorack11 Рік тому +1

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

  • @Keeping1tReal
    @Keeping1tReal 5 місяців тому +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 5 місяців тому

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

  • @rickys3197
    @rickys3197 Рік тому

    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 7 місяців тому +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!

    • @karmaneedling
      @karmaneedling 6 місяців тому

      no your price will avg out

    • @philcahill2382
      @philcahill2382 5 місяців тому

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

    • @maxim_mazurok
      @maxim_mazurok 5 місяців тому

      Google "australia tax fifo lifo"

  • @chao.m
    @chao.m Рік тому +1

    What if I am trading in a decentralised exchange?

    • @coinledger
      @coinledger  Рік тому

      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

  • @jesuschristsaves1955
    @jesuschristsaves1955 Рік тому +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 Рік тому +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 Рік тому

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

    • @cryptomatch6950
      @cryptomatch6950 Рік тому

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

    • @simson7840
      @simson7840 Рік тому

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

  • @Wbstpdl
    @Wbstpdl Рік тому

    It's a damn tax law.

  • @LV19899
    @LV19899 3 місяці тому

    Too robotic