Cryptocurrency Q&A
Can I claim capital losses from crypto?
Can I claim capital losses from crypto?
IncheonBeautyBloom
Wed Nov 06 2024
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6 answers
1410
I invested in cryptocurrency and experienced some capital losses. I'm wondering if there's a way for me to claim these losses, possibly for tax purposes or to offset other gains. Can I do this?
6 answers
Carolina
Fri Nov 08 2024
Cryptocurrency losses can be deducted from taxes even if there are no gains.
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Daniela
Fri Nov 08 2024
US taxpayers are allowed to deduct the difference between total capital losses and total capital gains on their tax returns.
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noah_stokes_photographer
Thu Nov 07 2024
This deduction is applicable even if the losses occurred in a year where there were no gains.
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EmilyJohnson
Thu Nov 07 2024
The maximum amount that can be deducted per year is $3,001.
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Enrico
Thu Nov 07 2024
If married individuals file separately, the maximum deduction is reduced to $1,500 per person.
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