Thursday, February 3, 2022

Crypto losses can't be set off against other income but can they be set off against crypto gains?

What will happen if you incur a loss trading in one crypto asset, say, in bitcoin, and make a profit in selling another one, say dogecoin? In such a scenario, can you set off the losses from bitcoins against capital gains made on dogecoins thereby reducing the taxable capital gains on the crypto assets?

from Tax-Wealth-Economic Times https://ift.tt/G1ZphTm

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