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Are crypto currency transactions being taxed even if they are losses?

Forum|Forum|2 years ago
November 15, 2023
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Ask the Experts - Crypto - Nov 2023

Best answer by TeriH

Great question!

Crypto losses are offset against other capital gains. a net of $3000 loss can be deducted on your tax return. If you have more than that, it will carryforward to next tax year.

Here's a Crypto tax forms explaining it in more depth.

TeriHAnswer

Great question!

Crypto losses are offset against other capital gains. a net of $3000 loss can be deducted on your tax return. If you have more than that, it will carryforward to next tax year.

Here's a Crypto tax forms explaining it in more depth.

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