In my country, Japan, the loss caused by Crypto's trading can not aggregation of profit and loss caused by the trading of stocks.
Only pension income of the elderly can aggregation of profit and loss. I think this is very unfair and there are inadequacies in the system.
Topic: Claiming losses on taxes (Read 165 times)
Please refer to these articles for reference only, as it may or may not pertain to your're particular crypto related financial situation. If I'm not mistaken, within the U.S, cryptocurrencies are treated as property by the IRS.
https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies
https://www.cryptotrader.tax/blog/how-to-handle-your-bitcoin-and-crypto-losses-for-tax-purposes
Remeber to practice your're Due Diligence!
Just my two cents!
https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies
https://www.cryptotrader.tax/blog/how-to-handle-your-bitcoin-and-crypto-losses-for-tax-purposes
Remeber to practice your're Due Diligence!
Just my two cents!
How do you claim losses on crypto and stock trading during tax filing in the USA? I recall someone saying you could claim up to like $3k in losses and recoup some of it. Does this sound familiar to anyone?
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