Can you claim losses on Bitcoin?
I've been investing in Bitcoin recently, and I've experienced some losses. I'm wondering if there's a way to claim these losses, maybe for tax purposes or something. Is it possible to claim losses on Bitcoin?
How far back can you claim crypto losses?
Excuse me, I'm somewhat new to the world of cryptocurrency investing. Could you please enlighten me on a matter related to taxation? I understand that crypto investments can be volatile, and I've unfortunately incurred some losses. My question is, how far back in time can I claim these losses when it comes to tax filings? I'm aware that there are specific rules and regulations, but I'd appreciate a more detailed explanation. Thank you for your time.