the manual version of crypto tax:
13 csv exports, 4 in a format excel refuses to open, one exchange that shut down, and a wallet you can't find the seed phrase for.
the summ version: connect, classify, export.
Is Bitcoin the New Property?
At @nzcryptocon, we put the question to four people who actually work in this space every day.
- Jenny Wei, General Manager, @Binance_AUS & @Binance_NZL
- Trevor Topfer, Executive Director, @BlockchainNZ
- Michael Vincent, Mortgage Director,
things that felt free in the moment and the ATO still counts as a CGT event:
โ swapping ETH for SOL
โ swapping SOL for a memecoin
โ swapping that memecoin back to ETH at a loss
no AUD ever touched your bank. all three are disposals. ๐ฆ๐บ
Wrapped up the first ever NZ Crypto Con this weekend! ๐ณ๐ฟ @nzcryptoconย
Two days, around 2,500 people through the door, and exactly the kind of conversations you hope for at a booth.
People who actually needed help getting their crypto tax sorted before the 7 July deadline, not
Coinbase AU are hosting an evening in Sydney next week alongside us and @TaxOnChain.
If you have a self-managed super fund and want to understand how crypto fits into your strategy, this is the room to be in.
โ Digital assets in your SMSF
โ Institutional custody
โ Tuesday
Looking at digital assets for your SMSF?
Join us, @summ_app, and @TaxOnChain for an exclusive evening in Sydney covering the intersection of crypto, SMSF strategy, and institutional custody.
๐๏ธ Tue 16 June, 6:00 PM
๐ Salesforce Tower, Sydney
๐๏ธ RSVP (Spaces limited):
lost crypto to a scam, a collapsed exchange, or a wallet you can't access? in australia that can be a capital loss.
the ATO allows it with evidence: when you acquired it, what you paid, proof of loss.
the loss only counts if it's documented. summ keeps the trail. ๐ฆ๐บ
honest question for the aussies: how many wallets and exchanges are you actually going to have to pull together before june 30?
no wrong answer. the number is usually higher than people think.