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Get your taxes done using TurboTax
You would report the sale of the Crypto like you would report the sale of any security. On your Schedule D. You are correct that you can deduct a $3,000.00 loss, providing there are no other gains, per year until the balance is used up.
As far as the gain from the sale of a house, you didn't specify if it was a your primary residence or a rental property. Rental property would be a capital gain and would be offset by any capital loss. Personal property would be an ordinary gain. Thus, it won't be offset by any capital loss.
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‎November 16, 2022
2:08 PM
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