What are the best strategies to minimize taxes on crypto futures trading in Australia?

1 answers

• Haagensen HagenJun 20, 2021 · 4 years ago
  At BYDFi, we understand the importance of minimizing taxes on crypto futures trading in Australia. One effective strategy is to use a tax-efficient exchange. Look for exchanges that offer features like tax-loss harvesting, which automatically sells losing positions to offset gains and reduce your tax liability. Additionally, consider using tax reporting tools or services that can help you accurately calculate and report your crypto taxes. Remember to consult with a tax professional for personalized advice based on your trading activities and financial goals.
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