Cryptocurrency Q&A
Can I claim Celsius loss on taxes?
Can I claim Celsius loss on taxes?
CryptoPioneer
Sat Dec 07 2024
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6 answers
1389
I invested in Celsius and incurred significant losses. I'm wondering if there's a way to claim these losses on my taxes to offset some of the financial impact.
6 answers
PulseWind
Mon Dec 09 2024
In situations where an investment is deemed "worthless," individuals have the option to claim the associated loss.
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Sara
Mon Dec 09 2024
Additionally, up to $3,000 of income can be deducted due to these losses.
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CryptoAlchemy
Mon Dec 09 2024
This decision, however, comes with a significant consequence. By claiming the loss, you effectively give up any future rights to reclaim the assets.
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Alessandro
Mon Dec 09 2024
It's crucial to understand the implications of this choice before proceeding.
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Martino
Mon Dec 09 2024
Investment losses can provide some financial relief by offsetting capital gains during the tax year.
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