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Investors & landlords
Yes, report your loss in the cryptocurrency section. Since you only have one transaction, it should be fairly straightforward to get entered. If you hold Bitcoins or other cryptocurrencies as a capital asset, you must treat them as property for tax purposes. If you sold them for profit, you must report earnings regardless of whether or not you received a tax form.
- How do I report earnings or losses from Bitcoin and other cryptocurrency?
- How is cryptocurrency like Bitcoin taxed?
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‎February 22, 2021
7:40 PM