https://ttlc.intuit.com/community/taxes/discussion/crypto-trade-loss-write-off/01/2792173#M1029239 <P>What documentation is needed to write off a trade loss? If the loss was substantial would only $3000 of that be written off towards income? 2nd scenario, if there was a gain (say home sale profit) and the trade loss. Would the trade loss offset the capital gains of the home sale?</P> Tue, 10 Mar 2026 06:53:45 GMT RosieD 2026-03-10T06:53:45Z https://ttlc.intuit.com/community/taxes/discussion/crypto-trade-loss-write-off/01/2792173#M1029239 <P>What documentation is needed to write off a trade loss? If the loss was substantial would only $3000 of that be written off towards income? 2nd scenario, if there was a gain (say home sale profit) and the trade loss. Would the trade loss offset the capital gains of the home sale?</P> Tue, 10 Mar 2026 06:53:45 GMT https://ttlc.intuit.com/community/taxes/discussion/crypto-trade-loss-write-off/01/2792173#M1029239 RosieD 2026-03-10T06:53:45Z https://ttlc.intuit.com/community/taxes/discussion/re-crypto-trade-loss-write-off/01/2792937#M1029240 <P>You would report the sale of the Crypto like you would report the sale of any security.&nbsp; On your Schedule D.&nbsp; You are correct that you can deduct a $3,000.00 loss, providing there are no other gains, per year until the balance is used up.&nbsp;&nbsp;</P> <P>As far as the gain from the sale of a house, you didn't specify if it was a your primary residence or a rental property.&nbsp; Rental property would be a capital gain and would be offset by any capital loss.&nbsp; Personal property would be an ordinary gain.&nbsp; Thus, it won't be offset by any capital loss.</P> Wed, 16 Nov 2022 22:08:07 GMT https://ttlc.intuit.com/community/taxes/discussion/re-crypto-trade-loss-write-off/01/2792937#M1029240 rferreira 1 2022-11-16T22:08:07Z