Cryptocurrency Tax: Free Records Checklist for ATO Compliance

Managing cryptocurrency transactions for tax purposes can be a nightmare if you don’t keep accurate records. The Australian Taxation Office (ATO) requires detailed reporting of every trade, transfer, and conversion – and failing to maintain records can result in costly penalties, higher accounting fees, and stressful audits.

To make life easier, we’ve created a Crypto Records Checklist that you can download and use to keep your accounts in order. This checklist covers everything you need to provide to your accountant for smooth, accurate tax reporting.

Why Cryptocurrency Tax Records Matter and Why You Need a Checklist

• ATO Requirements: Every disposal event (trades, sales, swaps, transfers to AUD or stablecoins) must be recorded.

• Audit Protection: If audited, having clean, consistent records ensures compliance and avoids penalties.

• Reduced Accounting Fees: The more organised your data, the less time accountants spend reconciling – lowering your bill.

• Peace of Mind: With hundreds or even thousands of trades, a structured record-keeping process is essential.

What You Should Be Recording

Our checklist ensures you capture:

• Exchange transaction history (CSV or API reports from Binance, Coinbase, Independent Reserve etc)

• Wallet transfers (public keys, wallet addresses, transaction IDs)

• Staking and yield farming records

• NFT transactions (buy, sell, mint, gas fees)

• Crypto-to-crypto swaps

• Airdrops and rewards (date, value at time of receipt)

• Australian dollar conversions (when you cash out to AUD)

• Tax invoices and receipts for crypto purchases or services paid in crypto

Download the Crypto Records Checklist Spreadsheet

We’ve prepared a simple, accountant-approved Crypto Records Checklist that you can use to track your trades and wallet activity.

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Crypto_Records_Checklist.xlsx

Download XLSX • 17KB

Crypto tax doesn’t need to be complicated. By using the right tools (like Koinly or API-connected wallets) and keeping a simple checklist, you’ll save time, stress, and money when tax season rolls around.

Need help lodging your crypto tax return? Our team specialises in cryptocurrency accounting and can ensure your records meet ATO standards.

📞Book a complimentary 15-minute meeting with me today and let me help you stay compliant.