{"id":5903,"date":"2022-06-04T20:42:26","date_gmt":"2022-06-04T18:42:26","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/06\/04\/cryptocurrency-and-tax-could-you-end-up-paying-the-ato-more-than-you-earned\/"},"modified":"2022-06-04T20:42:26","modified_gmt":"2022-06-04T18:42:26","slug":"cryptocurrency-and-tax-could-you-end-up-paying-the-ato-more-than-you-earned","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/06\/04\/cryptocurrency-and-tax-could-you-end-up-paying-the-ato-more-than-you-earned\/","title":{"rendered":"Cryptocurrency and tax: could you end up paying the ATO more than you earned?"},"content":{"rendered":"<p>A lot of investors don\u2019t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled<\/p>\n<p>As tax time approaches in Australia, cryptocurrency investors have been warned to begin working out what they owe.<\/p>\n<p>Some lessons can be drawn from the recent US tax season, where some enthusiasts found themselves with a <a href=\"https:\/\/www.thedailybeast.com\/these-crypto-investors-lost-major-coin-and-now-the-tax-bill-is-due\">tax bill that exceeded their earnings<\/a> after the recent <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/may\/12\/stablecoin-tether-breaks-dollar-peg-cryptocurrencies\">crypto market crash<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jun\/05\/cryptocurrency-and-tax-could-you-end-up-paying-the-ato-more-than-you-earned\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/b8f2883e8a2e3813547c065729b02b79506eced2\/0_264_8640_5184\/master\/8640.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=483ac33da45a8031411739c0ff5996ca\" title=\"Cryptocurrency and tax: could you end up paying the ATO more than you earned?\" \/>A lot of investors don\u2019t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled<br \/>\nAs tax time approaches in Australia, cryptocurrency investors have been warned to begin working out what they owe.<br \/>\nSome lessons can be drawn from the recent US tax season, where some enthusiasts found themselves with a tax bill that exceeded their earnings after the recent crypto market crash. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of investors don\u2019t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled As tax time approaches in Australia, cryptocurrency investors have been warned to begin working out what they owe. Some lessons can be drawn from the recent US tax season, where some enthusiasts found &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/06\/04\/cryptocurrency-and-tax-could-you-end-up-paying-the-ato-more-than-you-earned\/\"> <span class=\"screen-reader-text\">Cryptocurrency and tax: could you end up paying the ATO more than you earned?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5903"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5903"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5904"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5903"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}