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| Best time to invest in bitcoin | Capital losses from cryptocurrency can be used to offset capital gains from stocks and equities. If you use a cryptocurrency exchange, be sure to check and see if they've distributed a form to you, such as a MISC, so that you can match numbers up. Technically, yes. Crypto and bitcoin losses need to be reported on your taxes. Written by:. The technique is valuable enough that some cryptocurrency software companies offer a way to automate tax loss harvesting, said Christian Rivera, CPA and founder of The Ecommerce Accountants , an accounting firm. We use cookies. |
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| Can you write off crypto losses on taxes | Kucoin xlr |
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