Getting your Coinbase CSV
Coinbase stores your full trading history under Statements. You need the complete CSV, not just the current year, so the calculator can build accurate cost basis queues from your earliest purchases.
- Go to accounts.coinbase.com and sign in.
- Select Statements from the left sidebar.
- Under "Generate custom statement," select All assets and All transactions.
- Set the date range from account opening to today, not just the tax year.
- Choose CSV format and click Generate.
The export includes buys, sells, sends, receives, converts, staking rewards, Coinbase Earn, learning rewards, and Advanced Trade fills - all 35+ transaction types in a single file.
CGT, FIFO, and the 50% discount
The ATO classifies cryptocurrency as a CGT asset, not currency. Every time you sell, swap, convert, or spend crypto on Coinbase, you trigger a capital gains tax event. The gain or loss is organized in this preview using FIFO as a disclosed software parcel-allocation assumption. The ATO requires supportable cost-base records and does not prescribe universal FIFO.
Capital losses apply first. An eligible Australian-resident individual or trust may then apply a 50% discount to a qualifying gain on an asset held at least 12 months. Companies receive no discount and complying super funds generally use 33.33%. This preview does not collect the entity and residency inputs needed to select a rate.
- Taxable events: Sells, crypto-to-crypto swaps, spending crypto, gifting crypto.
- Non-taxable: Buying crypto with AUD, transferring between your own wallets, holding.
- Parcel-allocation assumption: FIFO matches each disposal to the earliest purchase; confirm that complete records support the selected parcels.
- CGT discount: 50% may apply to eligible resident individuals/trusts, 33.33% to complying super funds, and no discount to companies, after capital losses.
- ATO data matching: The ATO collects transaction data from Australian and international crypto exchanges and matches it against tax returns.
- Tax year: 1 July to 30 June.
- Filing deadline: 31 October for self-lodgers. Later deadlines apply when filing through a registered tax agent.
- Staking rewards: Treated as ordinary income at the AUD fair market value when received.
- Personal use asset exemption: Crypto acquired for A$10,000 or less and used for personal purchases may be exempt. This rarely applies to exchange trading.
What the activity preview shows
The calculator parses all 35+ Coinbase transaction types and uses its disclosed FIFO assumption across your complete history. For each disposal in your selected Australian financial year, it identifies the acquisition date, cost basis, and holding period to determine whether the holding period may support a discount review. It does not select a discount rate without entity and residency inputs.
The preview separates shorter and 12+ month holding periods without applying an entity-specific discount. Staking rewards, Coinbase Earn, and learning rewards are tracked as ordinary income events with their AUD value at receipt.
All values are converted to AUD using historical daily exchange rates. The report includes a capital gains summary, income section, end-of-year holdings, and a complete transaction audit trail.
ATO and Coinbase
- ATO data matching: The ATO has confirmed it collects data from Australian and international crypto exchanges, including Coinbase. Discrepancies between exchange data and your tax return trigger compliance actions.
- No tax forms from Coinbase: Coinbase issues no tax documents for Australian users. No equivalent of the US 1099-DA exists.
- AUD conversion: Coinbase reports in USD. Our calculator converts every transaction to AUD using historical RBA rates.
- Staking on Coinbase: ETH, SOL, ATOM staking rewards are ordinary income when received. The CGT cost base is set to AUD value at receipt. subject to entity and residency review, a 50% discount may apply to later disposal if held 12+ months from the income recognition date.
- Coinbase Earn: Treated as ordinary income at AUD value when received. Common for Australian users who signed up for learning rewards.
- Personal use exemption: Rarely applies to Coinbase trading. The ATO's view is that crypto held on an exchange is an investment asset, not personal use property.
Related calculators and guides
Coinbase calculator: Coinbase Tax Calculator (all countries)
Australia calculator: Australia Crypto Tax Calculator (all exchanges)
Other exchanges in Australia:
Binance Australia ·
Kraken Australia