Investors & landlords

@Opus 17   -  my understanding is that the IRS considers cryptcurrency as an asset, so any sale of that asset is reportable as either a gain or loss (depending on the cost basis).   Can you please help me understand why you can't report a loss when selling crypto at a loss ( when using it to buy a good or service) ?  I can't find that documented anywhere.  if the crypto is traded for another asset, it is a sale (and a reportable gain / loss) and no different than trading that crypto for a good or service (and also having to report the gain / loss) is my understanding.

 

thanks in advance