Topic: Australian TAX and BTC (Read 653 times)
Most countries including Australia recognises BTC as an investment and will make me pay tax on all income, however my question is, will they accept my losses if i dont make money with BTC?
For ex. by selling cars i made a profit of 100k, now i invest this money in BTC and i loose the BTCs by trading on exchange with ALT coins, will AU TAX accept this excuse for not paying tax on original income?
How do i prove this to the accountant that i lost that money? And will they accept that as a loss?
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