Crypto tax couldn’t be easier!

Annual pricing plans range from the entry-level $1 Rookie plan, to more inclusive investor ($149.40) and trader ($239.40) subscriptions. bitcoin.com.au customers will receive a 30% discount on all plans above the Rookie plan.

This discount applies to all new Summ customers.

Yes, all crypto transactions that result in a gain or loss must be reported to the Australian Taxation Office (ATO).

Summ is one of the world’s most trusted platforms that helps crypto investors identify savings opportunities and generate accurate tax reports. Summ was co-founded by brothers Shane and Tim Brunette in 2018 and is headquartered in Sydney, Australia.

Yes, capital losses from cryptocurrency can offset capital gains, reducing your overall tax liability.

However, capital losses cannot be claimed against ordinary income.

To report gains and losses accurately, you should keep records of all crypto transactions, including purchase/sale price, date, fees, and exchange or wallet details.

Summ will do this for you automatically, including calculating any trades made on other exchanges or DeFi platforms.