When to pay tax on a taxable event

Tax Questions
#1

For Australia but probably similar to other countries…:

Example:
If I bought $1000 in BTC and swap this for USDT with a value of $1500 a year later, this a taxable event and there is a $500 realised gain.
However do I have to pay tax on this for this same calendar year while I still hold USDT in my wallet. Or could I delay paying tax on it by selling the USDT for fiat a year later?
Thanks!

#2

Hi @prins2x,

It would be better to consult with a Crypto-aware Tax Accountant regarding this.

I sugegst you check out our tax guide for Australia too - https://koinly.io/guides/crypto-tax-australia/

#3

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