Block Climbing Podcast: Australian crypto taxes explained
This week we take a closer look at Australian crypto tax with expert Danny Talwar from Koinly. We also check out the new metaverse Frida Kahlo exhibition.
Sponsored by Koinly - Make Crypto Less Taxing. Koinly is a crypto tax tool with over 700+ integrations across the top crypto exchanges, wallets and blockchains. Koinly generates reports consistent with ATO guidance, incorporating all your crypto trades, staking, airdrops, and NFTs.
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Sponsored by Koinly - Make Crypto Less Taxing. Koinly is a crypto tax tool with over 700+ integrations across the top crypto exchanges, wallets and blockchains. Koinly generates reports consistent with ATO guidance, incorporating all your crypto trades, staking, airdrops, and NFTs.
Use code FINDERYT22 for 30% off your first tax report! T&Cs apply.
Crypto taxes are incredibly complicated and because Tegan and Tim aren't experts, they thought it best to bring one in. This week they're joined by Koinly's head of tax, Danny Talwar to delve deeper into how crypto tax works in Australia and to demystify the topic.
It might seem scary, but it doesn't have to be. They look at everything from the difference between investors and traders to what counts as a taxable crypto event. Spoiler alert: unlike fiat currency, paying for goods and services with crypto can be taxable.
And at the top of the episode they visit the new permenant digital Frida Kahlo exhibition that recently opened up in Decentraland. It includes never-before-seen artworks, correspondence and digital trinkets from Kahlo's life and family. This leads into an interesting discussion around how metaverses can be utilised by museums and art galleries to showcase more of their works.
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Credits
- Hosts: Tegan Jones and Tim Bennett
- Editor: Tim Bennett
- Editorial: Tegan Jones
This podcast is powered by Finder. Follow Tegan and Tim on Twitter.
Show notes and sources
- Frida Kahlo's Artwork Will Be Permanently Displayed on Decentraland Metaverse [Daily Coin]
- Metaverse Art Week Included a Special Treat for Frida Kahlo Fans [Artnet]
- Cryptocurrency and tax [ATO]
- Crypto Tax Australia: Here's How Much You'll Pay in 2022 [Koinly]
- Ethereum Merge Crypto Tax Guide [Koinly]
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