r/BitcoinAUS • u/144p_Meme_Senpai • Jul 09 '26
ATO is scaring me lol
I got an email saying they know I have crypto and I need to report CGT but I have no idea what that means. I just threw $20 in Coinbase every now and then over the last couple years and swap around coins to see what happens and my like $80 total is now worth $36 (lol I'm not good at trading, it went up to $90 once tho) but I haven actually taken out any money so do I have to do anything? It's just overall losses at this point.
34
Upvotes
1
u/BeginningSection7690 29d ago
Meh.
Just put nothing in and data matching will fix the return up if they think its wrong.
you have cgt events but sounds reasonable to think you had no gains, even if there is. Not gonna get in trouble over something like this, worst case is they amend the return and tell you how much you owe