@melomaniac007 wrote:
Yeah I understand that part. I'm just asking if I take a loss on the Gold can I deduct that from a different investment like crypto that I received a gain on? Thanks.
All your investment losses and gains are reported together on Schedule D (except for losses that are disallowed by the wash sale rule). Long term losses can offset long term gains (investments held more than one year) and short term losses can offset short term gains (held 1 year or less). But short term losses don't offset long term gains or vice versa.
