https://ttlc.intuit.com/community/taxes/discussion/are-crypto-currency-transactions-being-taxed-even-if-they-are-losses/01/3109720#M1143591 <P>Are crypto currency transactions being taxed even if they are losses?</P> Tue, 24 Feb 2026 08:03:43 GMT BAM13 2026-02-24T08:03:43Z https://ttlc.intuit.com/community/taxes/discussion/are-crypto-currency-transactions-being-taxed-even-if-they-are-losses/01/3109720#M1143591 <P>Are crypto currency transactions being taxed even if they are losses?</P> Tue, 24 Feb 2026 08:03:43 GMT https://ttlc.intuit.com/community/taxes/discussion/are-crypto-currency-transactions-being-taxed-even-if-they-are-losses/01/3109720#M1143591 BAM13 2026-02-24T08:03:43Z https://ttlc.intuit.com/community/taxes/discussion/re-are-crypto-currency-transactions-being-taxed-even-if-they-are-losses/01/3109725#M1143592 <P>Great question!</P> <P>&nbsp;</P> <P>Crypto losses are offset against other capital gains.&nbsp; a net of $3000 loss can be deducted on your tax return.&nbsp; If you have more than that, it will carryforward to next tax year.<BR /><BR />Here's a <A title="Crypto tax forms" href="https://turbotax.intuit.com/tax-tips/investments-and-taxes/crypto-tax-forms/L8tQmALU3" target="_self">Crypto tax forms</A>&nbsp; explaining it in more depth.</P> Wed, 15 Nov 2023 20:16:45 GMT https://ttlc.intuit.com/community/taxes/discussion/re-are-crypto-currency-transactions-being-taxed-even-if-they-are-losses/01/3109725#M1143592 TeriH 2023-11-15T20:16:45Z