Tommaso
Sun Jul 07 2024
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6 answers
1727
Can crypto losses be carried forward to future tax years?
Could you elaborate on the tax implications of sustaining losses in cryptocurrency investments? Specifically, is it possible to carry forward those losses to offset gains in subsequent tax years? Given the volatile nature of cryptocurrencies, understanding the tax treatment of losses seems paramount for investors seeking to minimize their tax burden. Are there any specific requirements or qualifications that must be met to enable such carry-forwards? Clarifying this point could be beneficial for investors looking to make informed decisions in this area.
