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How Do You Report Crypto Losses in Arizona for Tax Year 2022?
I am now working on my Arizona taxes in TurboTax and I came across this question, "Do you want to make an Arizona depreciation adjustment for property sold or otherwise disposed of during 2022?" Just like the IRS, Arizona considers crypto a property. Do cryptocurrency losses fall into this category (Arizona Depreciation Adjustment) in Arizona? For example, if an Arizona resident had crypto losses of $10,000 in 2022, does that mean the person can add the $10,000 under the Arizona Depreciation Adjustment for Property Sold? If not, where should the crypto losses be reported for the Arizona tax section in TurboTax?
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‎February 4, 2023
9:47 PM