Trading with BTC Markets? Not sure how to do your crypto tax? Worried about the ATO? Relax, we’ve got you! Watch and learn with Koinly.
Using BTC Markets and wondering how to do your BTC Markets crypto taxes before the ATO’s Australian tax deadline? It’s really easy! Today I’ll show you have to quickly import your BTC Markets transactions into Koinly – either by API import or by getting your BTC Markets CSV file into Koinly. Koinly then calculates your cryptocurrency taxes and generates a fully ATO-compliant tax report that you file with yourself, or send to your crypto tax accountant. Let’s get your Australia crypto tax sorted!
3:19 How To Download Tax Reports
Want more info? Check out our step-by-step guide on how to get your BTC Markets crypto tax done with Koinly here: https://koinly.io/integrations/btc-markets/
The first and usually the only step is to download all your crypto trade history from BTC Markets and import it to Koinly. There are a couple of ways you can do this:
– As BTC Markets has an API, the fastest way to import everything is to just add your API keys (api key, api secret). After that Koinly will sync all your transactions and you are ready to generate your tax document.
– If you don’t have access to your API keys you can also import transactions by uploading CSV files.
– If you only have a few transactions and the above method(s) are not possible for you, you can also add the transactions manually via Koinly’s web interface.
If you decide to use CSV files, you need to make sure to import your deposits/withdrawals and trades for ALL years and not just the current one!
That’s it. Don’t forget to tag your airdrops/forks so they show up as Income on your generated crypto tax forms!
PS. We have a really neat guide on how to get your BTC Markets transaction history and BTC Markets CSV file here: https://koinly.io/blog/btc-markets-tax-statements-reports/
[Watch] Australian Crypto Tax Guide 2022
[Watch] How To File Your Australian Crypto Taxes On myTax!
[Playlist] How to connect Australia Cryptocurrency Exchanges with Koinly
[Read] Australian Crypto Tax Guide
[Read] Australian DeFi Tax Guide
[Read] How to Legally Pay Less Crypto Tax in Australia
[Read] How To Get Your BTC Markets CSV file
Koinly Help Center
Our tax team has done a lot of the groundwork to figure out the best way to report crypto taxes, but neither myself nor Koinly are financial advisers and everyone out there has there own financial situation, so when in doubt, definitely reach out to a tax or legal professional. (if things aren’t sitting right for you.)
#crypto #cryptotax #btcmarkets
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