The IRS requires that you report all sales of crypto, as it considers cryptocurrencies property. You can use crypto losses to offset capital losses (including future capital losses if applicable) and/or to deduct up to $3,000 from your income.
The IRS requires that you report all sales of crypto, as it considers cryptocurrencies property. You can use crypto losses to offset capital losses (including future capital losses if applicable) and/or to deduct up to $3,000 from your income.