Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users.
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Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users.
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Failing to utilize tax loss harvesting is one of the biggest mistakes people can make on their tax returns, according to the head of tax at Koinly.
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Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study.
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A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse.
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Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists.
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The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.
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“If you’ve made a sale during the tax year, and you’ve sold at a loss, there’s basically a benefit there,” says Koinly’s head of tax.
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