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Tax time: How side hustles and crypto trading – What you need to know.

Tax time: How side hustles and crypto trading – What you need to know.

Side hustles are an increasingly popular way to make a few extra bucks, but as the gig economy grows, so does the taxman’s reach.

A letter sent by the Australian Taxation Office and viewed by nine.com.au reveals the extent to which authorities are cracking down on unreported income from side gigs.

The tax office is sending warning letters to gig workers. Supplied

The letter, which nine.com.au understands was sent to a pet-sitter registered on an online platform, warned them the ATO’s “records indicate that you’ve earned income from the sharing economy during the 2026 financial year. This means you may need to declare this income in your tax return.”

The ATO’s listed examples of “sharing economy” income sources included…

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