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The Guardian - AU
The Guardian - AU
Technology
Josh Taylor

Cryptocurrency and tax: could you end up paying the ATO more than you earned?

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In the recent US tax season, some cryptocurrency investors found themselves with a tax bill that exceeded what they had earned on their investments. Photograph: Kin Cheung/AP

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 themselves with a tax bill that exceeded their earnings after the recent crypto market crash.

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