Are crypto currency transactions being taxed even if they are losses?

BAM13 · ‎November 15, 2023

TeriH · ‎November 15, 2023

Great question!

Crypto losses are offset against other capital gains. a net of $3000 loss can be deducted on your tax return. If you have more than that, it will carryforward to next tax year.

Here's a Crypto tax forms explaining it in more depth.

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View solution in original post

TeriH · ‎November 15, 2023

Great question!

Crypto losses are offset against other capital gains. a net of $3000 loss can be deducted on your tax return. If you have more than that, it will carryforward to next tax year.

Here's a Crypto tax forms explaining it in more depth.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Are crypto currency transactions being taxed even if they are losses?