Tommaso
Sat Mar 30 2024
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7 answers
1320
Can you take a tax loss on cryptocurrency?
Good day, I've been hearing a lot about cryptocurrencies lately, and I'm considering investing. However, I'm a bit concerned about the tax implications. I understand that investments can sometimes result in tax losses, but I'm not sure how it works with cryptocurrencies. Can you take a tax loss on cryptocurrency? If so, how does it work? Are there any specific rules or regulations I should be aware of? I'd appreciate it if you could provide a detailed explanation. Thank you for your time.
