Get ready for tax

Metrifly turns your trades and dividends into Australian financial-year tax reports: your capital gains, your dividend and trust income, your unrealised positions, and an ATO myTax report with the item codes you need to lodge. By the end of tax season, you’ll have everything ready to type into myTax or hand to your accountant.

This collection walks you through it, from setting up your tax details to lodging.

Paid feature

Tax reporting needs a paid plan (Investor or above). On the Free plan you’ll see an upgrade card instead. See Compare plans and pricing.

Not tax advice

Metrifly helps you prepare your figures — it doesn’t give tax advice. Always check the numbers against your broker and fund statements before lodging, and talk to a registered tax agent if you’re unsure.

Who this is for

Tax reporting is built for Australian tax residents tracking investments in a single portfolio. Reports run on the Australian financial year (1 July – 30 June), in AUD, with the CGT rules for individuals, companies, trusts, and SMSFs.

It doesn’t cover FIF calculations, Division 296 modelling, or income from outside your portfolio — those you’ll handle separately.

Where to find it

Select a single portfolio (not a group), then open Tax Reporting in the sidebar.

The articles

Work through these roughly in order:

• Set up your tax details — choose your tax entity and how sales are matched to parcels. Do this first.
• Use your tax dashboard — your financial-year headline figures and pre-lodgement checklist.
• Run your capital gains report — every sale matched to its cost basis, split into short and long term.
• Run your taxable income report — dividends, franking credits, trust, foreign, and crypto income.
• Check your unrealised gains — value your open parcels at any date, for planning.
• Find tax-loss harvesting opportunities — losses you could realise before 30 June, with wash-sale warnings.
• Review your historical cost basis — a per-holding cost roll-forward across the year.
• Understand your AMMA / AMIT statement — attributed ETF income, foreign tax offsets, and cost-base increases or decreases.
• Lodge with the ATO myTax report — item-coded amounts you can copy straight into myTax.

How the year flows

1. Get your trades in — import a file or add trades manually.
2. Confirm your dividends — Confirm your dividends, and reconcile any reinvested dividends (DRP).
3. Set up your tax details — pick your entity and allocation method. See Set up your tax details.
4. Review your reports — use the FY dropdown in the header to pick the year.
5. Lodge — copy figures from the ATO myTax report into myGov, or export PDF/Excel for your accountant.
6. Keep your records — hold onto broker and fund statements and your exports (the ATO recommends five years).

Troubleshooting

Problem	Fix
Tax Reporting isn’t in the sidebar	You’re on a portfolio group — switch to a single portfolio.
You see an upgrade card	Tax reporting is a paid feature. See Compare plans and pricing.
The figures are for the wrong year	Change the FY in the tax page header.
Numbers don’t match your broker	Reconcile your trades and dividends, and check your entity type and allocation method.

Related articles

• Set up your tax details
• Confirm your dividends
• Change your portfolio settings