Does CoinJar Report to the ATO?

Using CoinJar to trade crypto in Australia? The ATO probably knows already. Find out what information CoinJar shares with the ATO and how it impacts you.

Does CoinJar report to the ATO?

Yes, CoinJar may share information with the ATO. As a registered Digital Currency Exchange (DCE) with AUSTRAC, CoinJar is obligated to verify user identities (KYC) to combat fraud and illegal activity.

The ATO has operated a data-sharing program since 2019 with Australian crypto exchanges. As part of this program, platforms like CoinJar are required to submit user transaction data.

In some cases, this information may appear prefilled in your tax return, flagging crypto disposals and prompting you to review potential taxable events.

Read next: Best Australian Crypto Exchanges

What does CoinJar report to the ATO?

The ATO collaborates with selected data providers to determine what information is collected, so the exact data CoinJar shares isn't officially disclosed to the public. However, ATO guidance states it may receive personal details such as:

• Full name and date of birth

• Residential and mailing addresses

• Australian Business Number (ABN), if relevant

• Email addresses and phone numbers

• Social media profiles

• Identity document details

• IP address used during account creation

• Internal user identification number

Alongside personal data, the ATO may also receive transactional information from CoinJar, including:

• Linked bank account details

• Associated cryptocurrency wallet addresses

• Transaction IDs, timestamps, asset types, and values

• Account balances in crypto and fiat

• Transfer history and descriptions

• IP address(es)

Read next: Can the ATO track crypto?

What does the ATO do with the information CoinJar provides?

The ATO leverages data from platforms like CoinJar to ensure Australians are correctly reporting their cryptocurrency activity. This data may be used to:

• Identify people who are expected to include crypto in their tax returns

• Trigger reminders or prompts during online tax return lodgment about crypto reporting obligations

• Cross-reference tax return details with transaction data provided by CoinJar and other exchanges

How do I report my CoinJar taxes to the ATO?

If you trade or earn crypto through CoinJar, you’re required to report any capital gains, losses, or income to the ATO by October 31st each year as part of your annual tax return.

Capital gains and losses are reported using the Tax Return for Individuals – Supplementary Section (NAT 2679), while crypto-related income goes in the standard Tax Return for Individuals (NAT 2541). You can also lodge your return through the ATO’s online myTax portal.

CoinJar doesn’t issue dedicated tax forms for Australian users, so the easiest way to handle your tax reporting is by using a crypto tax calculator like Koinly.

Read next: Australian Crypto Tax Guide

Report your CoinJar taxes with Koinly

Koinly makes it simple to report your CoinJar activity to the ATO. You can import your full transaction history by connecting via SSO or uploading a CSV file.

Once your data is synced, Koinly automatically calculates your capital gains, losses, and any crypto income. It then generates a ready-to-file myTax report, along with additional summaries to help simplify your ATO tax return.

Learn more about getting your CoinJar tax report with Koinly.