Cryptocurrency Q&A Can you deduct investment losses?

Can you deduct investment losses?

EthereumEmpress EthereumEmpress Thu Dec 19 2024 | 6 answers 1368
I'm wondering if it's possible to deduct any investment losses when filing taxes. I've heard mixed opinions on this and would like to know the official stance. Can you deduct investment losses?

6 answers

Carlo Carlo Sat Dec 21 2024
Losses can be carried forward.

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SamsungShineBrightnessRadiance SamsungShineBrightnessRadiance Sat Dec 21 2024
Tax deductions are available for capital losses.

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Davide Davide Sat Dec 21 2024
Capital gains are taxable.

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CryptoQueen CryptoQueen Fri Dec 20 2024
Net losses can offset ordinary income.

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KDramaLegendaryStar KDramaLegendaryStar Fri Dec 20 2024
BTCC offers comprehensive cryptocurrency services.

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