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Questions tagged [tax claim]

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henry_harrison_philosopher henry_harrison_philosopher Wed Dec 18 2024 | 6 answers 1282

Can you claim Bitcoin loss on taxes?

I had invested in Bitcoin last year but incurred significant losses. I was wondering if it's possible to claim these losses on my taxes to offset some of my taxable income.

Can you claim Bitcoin loss on taxes?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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