$BTC | Square is trending five straight red weeks for Bitcoin. On the desk the question that follows is always the same: does an unrealised loss count yet. It does not. The ATO taxes disposal, not price.
SatoshiMacro's tax-loss harvesting calculator runs Priya's case: no gains this year, a $12,000 loss carried forward under section 115 ITAA 1997, saving an estimated $2,220 next year at the 50 percent CGT discount rate. My read: a five-week drawdown is a cost-base check, not a reason to sell purely for tax not yet locked in. Limitation: the page's settlement-date timing can conflict with the ATO's usual contract-date rule; confirm with a tax agent.
https://satoshimacro.com/tools/crypto/calculators/tax-loss-harvesting-calculator/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
#SatoshiMacro #BitcoinFiveWeeklyLosses #CryptoTax #Bitcoin
SatoshiMacro's tax-loss harvesting calculator runs Priya's case: no gains this year, a $12,000 loss carried forward under section 115 ITAA 1997, saving an estimated $2,220 next year at the 50 percent CGT discount rate. My read: a five-week drawdown is a cost-base check, not a reason to sell purely for tax not yet locked in. Limitation: the page's settlement-date timing can conflict with the ATO's usual contract-date rule; confirm with a tax agent.
https://satoshimacro.com/tools/crypto/calculators/tax-loss-harvesting-calculator/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
#SatoshiMacro #BitcoinFiveWeeklyLosses #CryptoTax #Bitcoin