How Does Tax Work on Crypto in Australia (2023 Edition)

In today’s video, I am back visiting the most popular topic I have ever had on my channel, tax on crypto. In particular, I will be going through the basics of how tax works on cryptocurrencies in Australia in 2023. I will go through capital gains tax on crypto, crypto income events (such as airdrops & staking) and other crypto related tax issues (such as NFTs). — What is your number one crypto tax question? --- 📺 Subscribe to this channel - https://www.youtube.com/c/ethanroosho... --- 🔥 Join Our Discord! The Rooshocks Discord allows me to answer questions about Business, Tax, Crypto and NFTs. It’s also the place where you can get up to date information on my NFT project, Rooshocks! -   / discord   --- 💰 My Accounting Business - https://rooshockaccounting.com.au/ — 🖼️ My NFT Project, Rooshocks - https://rooshocks.xyz/ — 💼 How I Track My Crypto Investments for Tax Time Summ (Previously Crypto Tax Calculator) - https://cryptotaxcalculator.io?fpr=xo5ak (Get 20% Off using the code BFF2020) Koinly - https://koinly.io/?via=9B29D87A (Get 25% Off using the code 9B29D87A) CoinTracking - https://cointracking.info?ref=E484421 --- ✏️ How I Track My Investments for Tax Time - https://portfolio.sharesight.com/refe... --- ✍ Personal Finance Blog - https://ethanrooshock.com/ --- 📖 Chapters 0:00 Crypto Tax Basics 0:36 Switching Between Coins 4:05 Crypto Staking 6:42 Crypto Airdrops 8:15 NFTs 9:56 Personal Use Method 11:24 How to Track Your Crypto Taxes --- Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective. --- CONNECT WITH ME HERE: 👍 Facebook -   / ethan-rooshock   📷 Instagram -   / ethanrooshock   🐦 Twitter -   / ethanrooshock   🎵 Tik Tok -   / ethanrooshock   💼 LinkedIn -   / ethan-rucioch-037b44a3   ✉️ Email - [email protected] --- Disclaimer Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these. --- #cryptotax #taxoncrypto #cryptotaxaustralia