Cryptocurrency Tax Return Checklist | Loyal Bright Accountants

The ATO's scrutiny of cryptocurrency is stricter than ever. A simple screenshot of your account balance is not sufficient for tax purposes. We need raw data to accurately calculate your Capital Gains Tax (CGT) and ordinary income. Please prepare the following before your consultation.

Crypto Document Checklist

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1. Exchange Records

CSV Transaction History from ALL Exchanges Log into every exchange you used (e.g., Binance, CoinSpot, Swyftx) and download the complete CSV history for the full financial year (1 July to 30 June).

Deposits & Withdrawals Records of all fiat (AUD) deposits/withdrawals and crypto transfers between your wallets and exchanges.

Over-The-Counter (OTC) / Peer-to-Peer If you bought/sold crypto privately with friends or via OTC, provide records detailing the date, amount of coins, and AUD value at the time.

2. Wallets, Staking & Airdrops

DeFi, Staking & Yield Farming Records Provide records of any interest/rewards earned by staking tokens (must include the exact date and quantity received).

Airdrops & Hard Forks If you received new tokens for free, provide the date received and the token quantity.

Decentralized Wallet Addresses (Web3) If you used MetaMask, Trust Wallet, or a Ledger hardware wallet, please provide your public addresses so we can track interactions via blockchain explorers.

3. Deductions & Lost Assets

Tax Software Subscription Receipts If you paid for a yearly subscription to crypto tax software like Koinly or CryptoTaxCalculator, it is 100% tax-deductible.

Evidence of Lost or Stolen Crypto If your wallet was hacked or you lost your private keys, provide a Police Report or other reasonable evidence so we can claim it as a capital loss.

Please Note: We strongly recommend using third-party crypto tax software (such as Koinly) to connect all your exchange APIs and generate an automated annual tax report. If you need assistance with this, please contact Loyal Bright Accountants.

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