ET17
Level 2

Get your taxes done using TurboTax

Hello,

 

No I meant that I bought crypto with usd in 2017, then made crypto against cryptos trades and then sold all my cryptos in usd in 2020. My bank account has a withdrawal in 2017 and a deposit in 2020, nothing in between. It's so complex to re trace all the trades made in the last three years and make three amendments (possibly not even doable as my 2017 tax return still has an efile status of pending and I need to file the amendment by mid April) that I'm tempted to just declare the losses on my 2020 tax return as short term losses, does that make sense? Do I risk to be in trouble by doing that?

 

Thanks,