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If I pay someone back by sending BTC from my wallet to theirs, and the BTC is worth less than when I bought it, can I claim a capital loss even though I never sold BTC?
To my understanding, sending crypto is not a taxable event, and the cost basis of the receiving person is the price when I send. I am worried that the capital loss I incurred would just disappear.
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‎July 28, 2022
7:31 PM