Cryptocurrency Q&A
Can you claim crypto losses?
Can you claim crypto losses?
Giulia
Tue Dec 03 2024
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6 answers
1226
I'm wondering if it's possible to declare losses related to cryptocurrency investments. I've heard mixed opinions on this and would like to know if there's a clear answer.
6 answers
CherryBlossomBloom
Thu Dec 05 2024
The Internal Revenue Service mandates the reporting of all cryptocurrency sales.
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DigitalDynastyQueen
Thu Dec 05 2024
Cryptocurrencies are considered property by the IRS.
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SakuraBloom
Thu Dec 05 2024
Taxpayers must disclose all transactions involving digital currencies.
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MysterylitRapture
Thu Dec 05 2024
Cryptocurrency losses can be utilized to offset capital gains.
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HanRiverVisionaryWaveWatcher
Wed Dec 04 2024
This includes potential future capital gains, subject to carryover provisions.
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