Got a letter from the tax agency? Have questions about crypto taxes? Ask in here.
1 Like
Hello - can someone tell me if I need to pay tax to a mining company I am using in the US? I am based in Ireland ? They are saying I need to pay 20% tax on the profit before being able to withdraw
Is this correct?
Thank you
Hello, I have very limited knowledge on taxes, but I am hoping to try and attempt submitting my tax on the Australian MyGov website using the reports created on Koinly.
I have crypto CGT gains/losses from 2018-2019 tax year as well as the 2019-2020 tax year as I have not yet submitted cryptocurrency to the ATO. (I am yet to complete my 2019-2020 tax return for the ATO)
So my question is can I submit my crypto CGT with the reports from BOTH tax years on the MyGov website and how do I do this?
Also, where do I add the electricity and equipment costs of mining for my Tax Return on the MyGov website? (I had undertaken mining in the 2019-2020 tax year only)
As i mentioned above I do have little knowledge in relation to Tax, and so any assistance anyone could provide would be greatly appreciated - thank you in advance!
Hi Adrian,
We are experts at all things Koinly and cannot answer tax related things unfortunately. I think the best for you would be to get in touch with your local tax authorities in Ireland or an accountant.
As far as we are aware, no company should ask you to send money to pay taxes through them, please bare in mind that there are a lot of scams and frauds on the internet (?) and best is to talk to a specialist in the area.
Hope to hear from you soon!