Before I added my cryptocurrency losses (30k) here, I owed total of 10k (I owed Federal 16.6k, and I get a NY State refund 7.1k). But then when I added my crypto >>>
Before I added my cryptocurrency losses (30k) here, I owed total of 10k (I owed Federal 16.6k, and I get a NY State refund 7.1k). But then when I added my crypto >>>
My question didnt fit so I'm continuing here: When I added my cryptocurrency losses (which is a lot), it didn't affect my tax debt. Why? Shouldn't I get a tax break from those losses?