DigitalLegend
Fri Mar 29 2024
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6 answers
955
Does Binance report to ATO?
I'm a bit confused about the reporting requirements of Binance. As a leading cryptocurrency exchange, does Binance have any obligation to report to the Australian Taxation Office (ATO)? I understand that cryptocurrencies are a relatively new and unregulated asset class, but I'm wondering if there are any specific rules or regulations that Binance needs to follow in terms of tax reporting in Australia. Could you please clarify this matter for me?
Luca
Fri Mar 29 2024
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8 answers
1707
Does crypto com report to HMRC?
I'm sorry, I'm not quite sure what you mean by 'crypto com report to HMRC'. Could you please clarify your question? Are you asking whether cryptocurrency companies are required to report their transactions and activities to the UK's tax authority, HMRC? If so, the answer is yes. Cryptocurrency companies operating in the UK are subject to the same tax and reporting requirements as any other business. They must declare their taxable income and pay any applicable taxes to HMRC. However, the specific reporting requirements for cryptocurrency companies may differ depending on their business model and activities. I would recommend consulting with a tax expert or HMRC directly for more detailed information.
SumoStrength
Fri Mar 29 2024
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6 answers
1002
At what amount do you have to report crypto?
Excuse me, I'm a bit confused about the reporting requirements for cryptocurrencies. Could you please clarify at what amount do I need to report my crypto transactions or holdings? I understand that different countries and regions might have different regulations, but I'm particularly interested in the general threshold or criteria. Also, are there any specific types of crypto transactions that are exempt from reporting? Thank you for your help.
Nicola
Fri Mar 29 2024
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6 answers
1388
Do I report crypto if I didn't sell?
I've been investing in cryptocurrency for a while now, and I'm just curious about something. If I haven't sold any of my crypto assets, do I still need to report them for taxes or any other purposes? I understand that crypto transactions are supposed to be reported, but what about the assets that I'm just holding onto? Do they fall under the same regulations? I'm trying to make sure I'm compliant with all the rules, but I'm also not sure if I'm obligated to report assets that haven't been sold. Could you please clarify this for me?
SolitudeNebula
Fri Mar 29 2024
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5 answers
1037
Will the IRS know if I don't report my crypto?
I've been trading cryptocurrencies for a while now, and I'm a bit worried about taxes. If I don't report my crypto transactions to the IRS, will they ever find out? I know it's my responsibility to pay my taxes, but I'm just curious if there's any way they could potentially track my activity without me actively reporting it. Also, if they do find out, what kind of consequences could I face? I'm trying to be responsible and make sure I'm doing everything correctly, but I'm just a bit nervous about the potential consequences.
