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Does Exodus Report to the ATO?

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Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Exodus’s tax reporting policies within Australia. We’ll also break down a simple way to report your Exodus taxes in minutes.

Does Exodus report to the Australian Taxation Office (ATO)?

At this point in time, Exodus is not known to report your transactions to the ATO. However, financial services businesses operating within Australia are required to obtain various licenses and adhere to reporting standards of the Australian government.

What does the ATO do with the information that Exodus provides?

Since 2019, the ATO has used data matching to crack down on crypto tax fraud. The ATO uses information provided by exchanges and wallets like Exodus to track crypto transactions and identify individuals who have not met their tax obligations. 

In the past, the ATO has used this information to send warning letters to hundreds of thousands of cryptocurrency investors. 

Do I have to pay taxes on my Exodus transactions?

Yes. In Australia, your transactions on Exodus or other platforms are subject to capital gains tax and ordinary income tax. 

If you’ve earned or disposed (ex. Sold or traded away cryptocurrency) during the year, you’ll have a tax liability to report to the ATO. 

For more information, check out our complete Australia guide to cryptocurrency taxes

Is Exodus legal in Australia?

Yes. Exodus operates legally in Australia.

How do I avoid Exodus taxes in Australia?

Remember, there is no way to legally evade your taxes in Australia. However, there are tools like tax-loss selling and cryptocurrency tax software that can help you save thousands of dollars legally.

Get a Exodus tax report today

Looking for a simple way to report your Exodus taxes? With CoinLedger, you can import your Exodus transactions and auto-generate a complete gains, losses, and income tax report in minutes.

CoinLedger integrates with Exodus and dozens of other wallets, blockchains, and cryptocurrency exchanges to automate the entire crypto tax reporting process.

You can get started with a free preview report today.

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