How to do your Wealth99 crypto taxes

Wealth99 is a crypto wealth platform that helps investors diversify their portfolios in a snap with bundles of highly reputable cryptocurrencies selected by expert investors, including precious metal tokens. Whatever your investments, Koinly can help with your Wealth99 taxes. Just connect via API or upload your CSV file. Here's how.

How are my Wealth99 transactions taxed?

The ATO provides clear guidelines on how cryptocurrency is taxed in Australia, and these rules apply to activity on platforms like Wealth99. Depending on how you use the platform, your Wealth99 transactions may fall under either Capital Gains Tax or Income Tax:

• Capital Gains Tax (CGT): If you've sold or exchanged digital assets, including tokenised assets like precious metals, through Wealth99, those actions may trigger a capital gains event. Any profit made from these transactions could be taxed at your individual Income Tax rate, which ranges from 0% to 45%. However, if you held the asset for 12 months or longer before disposing of it, you may be eligible for a 50% CGT discount.

• Income Tax: If you received new tokens via Wealth99, the ATO may classify this as income at the time of receipt. In this case, the value of those assets would be included in your taxable income for the year.

Learn more in our Australia crypto tax guide.

Does Wealth99 report to the ATO?

Yes. Wealth99 may report to the ATO. Wealth99 operates under the Australian entity Dacxi Pty Ltd (ABN 98 622 320 754) and is officially registered with AUSTRAC as a Digital Currency Exchange (DCE) under registration number DCE100587396-001.

As part of this regulatory framework, Wealth99 is required to verify the identity of its users through Know Your Customer (KYC) procedures—an essential step in preventing fraud, money laundering, and other illicit activities. The Australian Taxation Office (ATO) has a data-sharing program with Australian-registered digital currency exchanges. So yes, Wealth99 is obligated to report user transaction data to the ATO.

Learn more in our guide: Can the ATO track crypto?

How do I lodge my Wealth99 taxes?

If you've earned income, made a profit, or even incurred a loss from crypto, whether through Wealth99 or any other platform, you're required to declare it in your annual tax return. You can do this through the ATO’s myTax system or by submitting the appropriate paper forms (NAT 2541 and NAT 2670).

Doing it manually? You’ll need to:

• Determine what you originally paid for each asset (your cost base)

• Identify which transactions are taxable events

• Apply the correct tax treatment (Capital Gains Tax or Income Tax)

• Use an ATO-recognised accounting method to calculate gains or losses

• Distinguish between assets held for less than 12 months and those held longer

And this isn’t just limited to Wealth99; you’ll need to consolidate data from every crypto wallet and exchange you’ve used.

Because of the complexity, many Australian investors prefer to use crypto tax calculators like Koinly, which syncs with your accounts, handles the calculations, and prepares a tax report to help you easily file with the ATO.