Simplify crypto tax loss harvesting with Koinly

Koinly is a game-changing tax software that streamlines and simplifies cryptocurrency tax filing. The software automatically calculates users’ capital gains and produces a tax report once they link their crypto exchange accounts. Users can use capital losses to offset capital gains in Australia. The Australian Tax Office (ATO) has a tax loss selling rule for capital assets. The ATO issued a warning to taxpayers in June 2022, asking them not to engage in wash sales, implying that it will be a priority for them this tax year. In Australia, users are required to spend all of their capital losses each year before carrying any further. The crypto tax loss harvesting deadline in Australia is from June 1st June 2022 to 30st June 2021. The Source