If you have used Finder Earn or traded cryptocurrency in the Finder app, you may need to report your activity when completing your tax return.
You can request a CSV file of your transactions for both Finder Earn and crypto trading by following these steps:
It is important to note that the CSV will only display a list of the crypto trades made by you and will not include an amount for any capital gains or losses you have made.
You will need to determine that amount yourself, after you have generated the CSV and before you report to the ATO.
Once you have downloaded your CSV, you should be able to open it using spreadsheet software programs like Microsoft Excel, Numbers or import it into Google Sheets.
If you are using a crypto tax calculator program like Koinly, you should also be able to import the CSV directly. However, you may need to may some adjustments to the CSV in order for it to be integrated into Koinly. You can create a compatible CSV by following these instructions.
You should see a list of all the crypto trades you have made, sorted by date. You will need to refer to these to calculate your capital gains and losses manually. Or you can import your CSV into a crypto tax program such as Koinly, which will automatically calculate your taxable gains and losses.
You should see a list of all Finder Earn transactions, including your daily earnings. At the top of the spreadsheet, you should see your total earnings for the financial year. This is the number you will need to report when completing your tax return.
You can learn more about the tax implications of Finder Earn here.
Learn more about how the Finder Wallet works, and how you can use it to trade cryptocurrency.
We're giving away a $200 Mastercard gift card to a Finder member who leaves a verified review on reviews.io in November.
We've made the hard decision to remove both the Net Wealth and Spend Analytics features from the Finder app.