{"id":791649,"date":"2026-07-10T16:00:22","date_gmt":"2026-07-10T16:00:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/791649\/"},"modified":"2026-07-10T16:00:22","modified_gmt":"2026-07-10T16:00:22","slug":"tax-return-thousands-receive-crypto-email-from-ato-ahead-of-tax-return","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/791649\/","title":{"rendered":"Tax return: Thousands receive crypto email from ATO ahead of tax return"},"content":{"rendered":"

Thousands of Australians<\/a> have received an email warning them that they may owe tax on crypto<\/a> ahead of tax time<\/a>. <\/p>\n

The email from the Australian Taxation Office (ATO) has warned them that records show they have \u201cbought or disposed of crypto\u201d since July 1 last year and that they need to report their profits or losses on this year\u2019s return.<\/p>\n

\"The<\/p>\n

The email let recipients know how to claim their crypto ahead of tax time.\u00a0Supplied<\/p>\n

\u201cDisposals include selling, gifting, swapping and other similar transactions.\u201d <\/p>\n

The email provides additional information on what to do if they have earned income related to crypto investments or are carrying on a crypto business.<\/p>\n

\u201cThis includes income from activities such as trading, mining or exchange business, or selling non-fungible tokens as a business,\u201d the email read.<\/p>\n

The warning comes weeks after a similar email from the ATO<\/a> reportedly warning a pet-sitter registered on an online platform that they need to declare their side hustle in their upcoming tax return. <\/p>\n

\"\"<\/p>\n

Tax time is around the corner.\u00a0Getty<\/p>\n

\u201cIncome you earn through the sharing economy is generally assessable and must be declared in your tax return, even if: you earn the income part-time, casually or irregularly; you do not have an Australian business number (ABN); no tax was withheld from the payments you received,\u201d the letter read.<\/p>\n

\u201cSharing economy platforms provide us with information about income earned through their services.<\/p>\n

\u201cThis information does not automatically pre-fill your tax return, so you must ensure you manually include all sharing economy income when you lodge.\u201d<\/p>\n

The ATO\u2019s listed examples of \u201csharing economy\u201d income sources included ride-sharing, accommodation-sharing, freelance work, renting out assets, and online content creation – but the list is by not all-encompassing.<\/p>\n

The ATO also warned that \u201cpenalties or interest\u201d may be levied on an incomplete tax return.<\/p>\n","protected":false},"excerpt":{"rendered":"Thousands of Australians have received an email warning them that they may owe tax on crypto ahead of…\n","protected":false},"author":2,"featured_media":791650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-791649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/791649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=791649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/791649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/791650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=791649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=791649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=791649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}