Get an estimate of your tax bill with our free Bitcoin and crypto tax calculator built for Australian investors.
How do Iuse the crypto tax calculator?
To use our Bitcoin/crypto tax calculator, you’ll need to provide your total income for the year as well as the following information for your individual trades.
- How much you originally invested in the cryptocurrency
- The price of the cryptocurrency when you acquired it
- The price of the cryptocurrency when you disposed of it
- Any fees directly related to acquisition and disposal
If you're looking to calculate your tax bill for the year, you'll need the following information.
- Your capital gains from disposing of cryptocurrency held for more than 12 months
- Your capital gains from disposing of cryptocurrency held for less than 12 months
Once you've entered your information, we'll estimate your tax liability!
What if Idon't have the information Ineed for the crypto tax calculator?
Trying to keep track of the information you need to file your taxes can be difficult if you’re using multiple wallets and exchanges. If you’ve transferred your crypto, you may not know how much you originally paid to acquire it.
CoinLedger can help. The platform can automatically connect with hundreds of exchanges like CoinSpot and blockchains like Ethereum. You’ll be able to import your transactions and generate a comprehensive tax report in minutes.
More than 500,000 crypto investors use CoinLedger to take the stress out of tax season. Get started with a free account today.
How do you calculate my capital gains?
Our free tool uses the following formula to calculate your capital gains and losses.
Capital Gain/Capital Loss = Purchase Price - Sell Price - Fees
Once we’ve calculated your gain/loss, we’ll use the information you provided about your holding period and your income for the year to calculate your tax liability.
How your cryptocurrency taxes are calculated
How is cryptocurrency taxed?
In Australia, cryptocurrency is subject to capital gains and ordinary income tax
When you dispose of cryptocurrency, you’ll recognize a capital gain or loss depending on how the price of your crypto has changed since you originally received it.
When you earn cryptocurrency, you recognize income subject to ordinary income tax.
The calculator above is designed to help you recognize the tax impact of your crypto capital gains and losses.
Why do Ineed to enter my annual income?
The tax calculator calculates your taxes based on your income level. In Australia, your income and capital gains from cryptocurrency are taxed between 0-45%. Generally, the higher your income, the more taxes you pay.
What’s the difference between long-term and short-term capital gains?
If you dispose of your cryptocurrency after 12 months, only 50% of your gain will be considered taxable income. If you dispose of your cryptocurrency within 12 months, 100% of your gain will be considered taxable income.
How do capital losses impact my tax calculations?
Capital losses can offset your capital gains for the year. If you have a net loss for the year, you can carry it forward into future tax years.
How do fees impact my tax calculations?
Fees directly related to acquiring your crypto can be added to your cost of acquisition. Meanwhile, fees directly related to disposing of your crypto can be subtracted from your gross proceeds. In either case, fees reduce your total capital gain.
How do I calculate capital gains on crypto-to-crypto trades?
Trading one cryptocurrency for another is considered a taxable disposal. You’ll incur a capital gain or loss depending on how the price of the crypto you’re trading away has changed since you originally received it.
How do Ilower my cryptocurrency taxes?
Here are a few strategies that can help you avoid your cryptocurrency taxes legally.
- Hold your assets for the long-term to take advantage of lower tax rates
- Buy cryptocurrency in a Self-Managed Super Fund
- Use capital losses to offset your capital gains
- Give cryptocurrency donations to registered charities
- Take profits from cryptocurrency in a low-income year
Frequently asked questions about cryptocurrency taxes
How is cryptocurrency taxed?
How much is crypto taxed in Australia?
Can the ATOtrack crypto?
How do Icalculate tax on crypto-to-crypto transactions?
Do Ihave to pay tax if Ilose money trading crypto?
Is using a crypto tax calculator safe?
What is the best crypto tax calculator?
Loved by Customers
Everywhere
Matthew McDonald
10 reviews
19 photos
4 years ago
Just started using this. Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue. Awesome customer service.
brandonplaysdrums
80w
I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍
Reply
Hide
2
Adam
1 review
AU
Apr 22, 2024
Great tools, exceptional service
These tools make life a lot easier and, if you need help with anything at all, the customer service is brilliant. The team replies within a day and they're focused on actually helping you (not just "dealing with" your help request). That's a sign of a solid company.
Veronique Denis
10 reviews
19 photos
2 months ago
Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.
Thank you for all your help Yuri, you are excellent at your job.
Dan Swannie
1 review
US
Apr 19, 2024
Outstanding customer service
Outstanding customer service. Ben R has been extremely helpful, and I must say very responsive/timely with assisting me with downloading a couple of issues. The issues we really mine but Ben R took to the time to get me through them, rather than just referring me to the FAQ or Help menu's. The program makes it easy to identify potential issues with no associated cost. This is a welcomed change from the last (ZL) tax software I tried to use.
If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.
8:25 PM
Feb 29, 2024
82 Views
Tiffanny Ruiz
13 reviews
14 photos
2 months ago
They did everything they promised they would, great support, great software, etc. Will continue to use for years to come
ginabadams
58w
Coin ledger is the BEST
Reply
Hide
1
@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂
3:49 AM
Apr 15, 2024
13 Views
Christopher Quiles
1 review
US
Mar 18, 2024
Great Customer Experience
I have used Coinledger the past 2 years. This year I had an issue with a missing cost basis, and Benjamin (Ben R) from their support team, saved me many hours of stress by helping solve my issues efficiently and throughly. He also took time to help answer additional questions I had about past and future tax transactions. I strongly recommend using Coinledger for your tax purposes. Great experience!
sharkeydrummond
25w
Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.
Reply
Hide
2
Christopher Jose Lilly
Thank you coinledger!!!
22w
Like
Reply
Hide
3
Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season
I used @CoinLedger to automatically generate all of my crypto tax reports for the year.
2:10 AM
Feb 27, 2024
44 Views
Andrew H
1 review
US
Mar 27, 2024
Great experience with CoinLedger
Great experience with CoinLedger. I've been in crypto for a couple cycles now, and it's always been a nightmare tracking transactions come tax time. Thankfully I came across CoinLedger - the interface is easy to understand, much of the coin tracking is automated, and there is live customer service/ chat if you have a question. Would give 10 stars if I could; highly recommended.
Joshua Taylor
I used coinledger this year - awesome piece of software to be honest. Really helped me compile all my gains from all my wallets and exchanges for an easy time during tax season
20w
Like
Reply
Hide
5
Matthew McDonald
10 reviews
19 photos
4 years ago
Just started using this. Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue. Awesome customer service.
Dan Swannie
1 review
US
Apr 19, 2024
Outstanding customer service
Outstanding customer service. Ben R has been extremely helpful, and I must say very responsive/timely with assisting me with downloading a couple of issues. The issues we really mine but Ben R took to the time to get me through them, rather than just referring me to the FAQ or Help menu's. The program makes it easy to identify potential issues with no associated cost. This is a welcomed change from the last (ZL) tax software I tried to use.
sharkeydrummond
25w
Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.
Reply
Hide
2
Christopher Jose Lilly
Thank you coinledger!!!
22w
Like
Reply
Hide
3
brandonplaysdrums
80w
I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍
Reply
Hide
2
Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season
I used @CoinLedger to automatically generate all of my crypto tax reports for the year.
2:10 AM
Feb 27, 2024
44 Views
If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.
8:25 PM
Feb 29, 2024
82 Views
Tiffanny Ruiz
13 reviews
14 photos
2 months ago
They did everything they promised they would, great support, great software, etc. Will continue to use for years to come
Adam
1 review
AU
Apr 22, 2024
Great tools, exceptional service
These tools make life a lot easier and, if you need help with anything at all, the customer service is brilliant. The team replies within a day and they're focused on actually helping you (not just "dealing with" your help request). That's a sign of a solid company.
ginabadams
58w
Coin ledger is the BEST
Reply
Hide
1
Veronique Denis
10 reviews
19 photos
2 months ago
Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.
Thank you for all your help Yuri, you are excellent at your job.
Christopher Quiles
1 review
US
Mar 18, 2024
Great Customer Experience
I have used Coinledger the past 2 years. This year I had an issue with a missing cost basis, and Benjamin (Ben R) from their support team, saved me many hours of stress by helping solve my issues efficiently and throughly. He also took time to help answer additional questions I had about past and future tax transactions. I strongly recommend using Coinledger for your tax purposes. Great experience!
Joshua Taylor
I used coinledger this year - awesome piece of software to be honest. Really helped me compile all my gains from all my wallets and exchanges for an easy time during tax season
20w
Like
Reply
Hide
5
Andrew H
1 review
US
Mar 27, 2024
Great experience with CoinLedger
Great experience with CoinLedger. I've been in crypto for a couple cycles now, and it's always been a nightmare tracking transactions come tax time. Thankfully I came across CoinLedger - the interface is easy to understand, much of the coin tracking is automated, and there is live customer service/ chat if you have a question. Would give 10 stars if I could; highly recommended.
@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂
3:49 AM
Apr 15, 2024
13 Views
Adam Zentini
US
Jun 16, 2021
AWESOME EXPERIENCE!!!
I went to CoinLedger this year because a friend of mine recommended them. I was connected with a human who walked me right through everything. It is so nice knowing I won’t have to dread crypto taxes!
Jay
US
Dec 12, 2022
I tried couple of other Crypto tax...
I tried couple of other Crypto tax platforms and I cansurely say that Coinledger.io was the best. They help you all the way through the end before you have to pay anything at all. They have great featureslike intuitive UI, ease of use /UX, fast app performance and great customer service agents like Aimee, who helped through the process and also checked things in the backend before a paid single penny. Kudos to the team. I will be a return customer. PS: No, they did not give me any discounts to post this. :)
Jason
US
Jun 15, 2021
I’m a noob to crypto - Love CoinLedger
The customer service is insanely good. E-mails are typically answered within hours (sometimes faster) by folks that clearly understand crypto taxes and really seem to care. If only the exchanges were so good! Worth the $$$. Zero regret.
Robert
US
Mar 6, 2021
Great Product!
Easier than I thought it would be! Just knowing next year will be just as easy is comforting.
Kirk B
US
Sep 6, 2021
Best few $$ I ever spent
I dragged my feet for months in completing my taxes, but now it’s Sept and the dreaded tax deadline is looming. I found CoinLedger and in 15 min I was done. Unreal! Thank You!
Michelle D
US
Nov 25, 2021
Excellent product
Excellent product, excellent customer service — Jon helped me out back and forth multiple times over several days to help me solve a problem and answer questions about crypto taxes in general.
Reiko Rivera
US
Mar 17, 2021
I can’t say enough good things
I was apprehensive about trying to file taxes with my limited knowledge on the topic. I tried for several hours to do it myself. With CoinLedger, I was done with the filling process in 10 minutes.
