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posted Jun 3, 2019 1:10:58 PM

I have invested in crypto currency cloud mining under Genesis mining and Hashflare, but mining difficulties became less profitable so both cloud mining company decided to close my account, would I be

Able to claim my loss onto my taxes?

0 1 692
1 Replies
Intuit Alumni
Jun 3, 2019 1:11:02 PM

You may be able to report the loss on your return.  Please see the following link:

https://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/definitiv...