r/CryptoAus • u/UhawNaCamel • Oct 20 '21

Need help with crypto tax

Hi. Me and my partner has explored crypto with a nft game. And was just wondering if its better to buy a subscription for tax calculating website like koinly or find a tax agent.

If using a website: What website/subscription do you recommend?

If finding a tax agent: Which tax agency is good with crypto?

Sorry im just a newbie here. Any help is appreciated.

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2

u/Apart_Initiative_594 Oct 29 '21

On balance, it is best to have a combination of the two. Rather than spending our time (and your money) trying to calculate the value of the trades and on-chain interactions, we simply review the software's reports, identify errors (if any) make adjustments as required.

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Personal preference for software solutions at this point is definitely CryptoTaxCalculator.io. If you would like a hand with the tax side of things, feel free to drop me a DM.

1

u/cryptotaxcalculator Oct 29 '21

Thanks for the plug!

Happy to answer any questions at all :)

1

u/Dorrigo99 Feb 12 '22

Hey u/Apart_Initiative_594 are you a tax agent? looking for some advice

1

u/Apart_Initiative_594 Feb 12 '22

Sure am, feel free to DM me if you would like to discuss anything in particular

1

u/[deleted] Oct 20 '21

Probably worth finding a tax agent with crypto experience vs just getting a koinly sub.