- Use koinly.com – A free crypto tax tracker
- Get your tax prepared BEFORE the end of the financial year so you have time to make adjustments.
- Realise ALL crypto to crypto transactions are a taxable event. This means you will be due to pay capital gains tax (There’s a reduction for holding longer than 12 months).
Bonus: Sending from your exchange to your cold storage wallet is not taxable, unless you change the cryptocurrency in the process (E.G – Bitcoin to Ethereum).