17/06/2026
Selling crypto at a loss then buying it back immediately to reduce your tax bill. It sounds smart. π€
But it's on the ATO's radar.
If they determine the sole purpose was to manufacture a loss with no genuine change in economic exposure, they can disallow it and add penalties on top.
Having clear, documented records of your trading history is your best protection.
CoinKeep gives you a complete timestamped record of every transaction so your trading history speaks for itself.
π coinkeep.com.au
General information only. Not tax advice.