 |
September 02, 2014, 02:11:42 PM |
|
Most countries including Australia recognises BTC as an investment and will make me pay tax on all income, however my question is, will they accept my losses if i dont make money with BTC?
For ex. by selling cars i made a profit of 100k, now i invest this money in BTC and i loose the BTCs by trading on exchange with ALT coins, will AU TAX accept this excuse for not paying tax on original income?
How do i prove this to the accountant that i lost that money? And will they accept that as a loss?
|
